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A bank draft reminder record allows you to monitor how much you are paying for your various insurance policies and, with the help of a trusted advisor, pinpoint where some modifications can be made.  I speak with people about insurance policies every day and most are not aware of exactly how much they are paying. 

For example, life insurance is probably the most common "out of sight, out of mind" type of insurance policy.  Many bought a policy several years ago but have little if any recollection of the terms of the policy, how long the policy and payment will remain level, or how much they are paying currently.  Just by digging a little deeper, it is usually discovered that the policy they have is outdated and could easily be upgraded for little or no extra premium!! 

So please fill out the bank draft reminder form so that when you have your annual consultation with your insurance advisor, you will have the information readily available.  As a result, it will be much easier to determine where improvements can be made to get you and your family on track and save money!!  


Bank Draft Reminder Record
File Size: 79 kb
File Type: pdf
Download File

 
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A bank draft reminder record is a great way to make sure that all charges being taken out of our account(s) are legitimate and accounted for.  On several occasions, I have ran into charges that continued for several months after they should have been discontinued.  It is either impossible or, at the very least, a terrible hassle to attempt to retrieve money that has been withdrawn from your account dating back several months or more.  A bank draft reminder record will help you to spot illegitimate drafts immediately and take care of them before the situation is out of control! 

A bank draft reminder record also helps you to keep track of HOW MUCH money should be taken out each month for various expenses.  This allows you to IMMEDIATELY detect a draft amount that is extremely high and get that taken care of immediately.  A few years ago we had a cell phone bill that was extremely high for a few months in a row.  Little did we know that we were being charged for overage text messages when we thought that our plan was unlimited.  To make a long story short, we wasted several hundred dollars simply by losing track of our account.  We could have upgraded our plan to unlimited at any time for $10 a month!!


 
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One of the main advantages of keeping and updating a bank draft reminder record is that it is the most effective way of keeping track of your monthly expenses.  Consequently, it allows you to budget much more effectively because you can calculate exactly how much you are paying each month for insurance, utilities, cars, mortgages, etc.  By knowing how much is coming out monthly for these expenses and comparing it to your income, you can effectively budget for food, entertainment, other miscellaneous expenses, and savings and retirement planning. 

The fact that most of us struggle in keeping these expenses straight and budgeting properly is one of the main reasons that we struggle to live within our means and consequently run into debt and other financial stresses.  By filling out a bank draft reminder record, we will feel much more secure about and in control of our financial situation and future!


Bank Draft Reminder Record
File Size: 79 kb
File Type: pdf
Download File