Straight out of high school with ZERO knowledge of how bank accounts work and this video just helped a ton. Thanks so much!!!!!!

I watched up to 0:50 and thought I learned something I never knew. Then I realized that was bs. Good thing I didn't stop the video.

Thank you Kumar

its good to see successful people trying to help other people be succesful

instructions weren't clear... blew all my money at white castle

i want white castle now

Stopped watching at 0:38 great tutorial though! very useful!

the audio in this video does not match the visual anymore? it used to though

well now i want white castle

Dude is it just me or is the audio heavily delayed?

No doubts , A good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made..

Never thought I would learn about savings from kumar

Stopped watching after the first 40 seconds cause I learned everything I needed to know! great video!

Is this Kumar? I looked for financial content and didn’t expect to find him here.

Why is Kevin from how I met your mother explaining banking to me?

Had to show my youngins this video, school doesn’t teach important topics like this.

He looks like jimmy kimmel

I've just moved to the states and I find it so strange Americans still write checks and how convoluted paying bills are...Someone needs to look at the Australian model because I'm pretty sure we stopped writing checks back in 19diklkitytwo

Interesting initiation

I literally have 95% of my money in my checking account like a idiot now that I seen this video I’m going to change it up lol

Where's Harold?!.. 😂

You know you’re getting older when you’re watching Kal Penn teach you how to manage money than roll a blunt and drive to White Castle.

Thank u soo much

Thanks Sir

So in otherwords a checking account is more for you to use and spend a savings account is more for you to save it and collect intrest on it

I been wanting to save money for a computer, but I also want to make a bit of money

Taking classes for this and classes are actually interesting ngl

Want to skip fees? Credit Unions are a fantastic alternative to banks. Also, ugh savings accounts are a dismal choice for earning interest, check out betterment or vanguard for a stronger return. Another consideration is debt cards vs credit cards. Best to get a credit card and use it like a debit card (paid off every month). This provides a lot of fraud protections, and helps build credit.

The audio and video are way off, makes it very difficult to watch

Do you really still write checks?

THATS THE DUDE FROM THE WHITE CALSE MOVIE LMFAO

Fresh out of high school and trying to figure this stuff out because no one taught me! Anyone know any good websites or videos about adulting for dummies?

What’s the music?

Is this true even now though?? I literally se no difference between these 2 accounts anymore. I only have money in my savings account and use it for all expenses whatsoever

I absolutely LOVED this?

What is FDIC??

Kumar, you made me laugh a lot in "White Castle", one of my favorite movies. It was hilarious. Now in this more serious role I will be your fan (subscriber) again. Thanks, K👍🏻

Thank you 🙏

what's up the video and sound syncing?

Is that kumarrrrrrr from White Castle's? 😂🤣😂😂🤣😂

Couldn't have had that betterly explained by anyone else but my boy kumar thanks

am a college student, should a put my money in a saving or checking account? which one is better or usefull? and i can get my money the same way no matter what account am getting from it?

If you're leaving any more than 6 months worth of bills and expenses in a savings account vs investing that money you're doing yourself a disservice. Your bank should allow 6 ACH payments out of your savings per month. If you have fewer utilities and mortgage payments than that you can reliably pay online via ACH out of your savings and save yourself the expenses that come with a checking account. Keep the small amount you need for gas and groceries every two weeks in cash if you want to and $100 as a buffer for unexpected gas expenses or a desired purchase. You can also find a bank that doesn't charge you fees or have a minimum balance for a checking account and use it like cash. Either way, the small amount of interest you get from a savings account is not worth you hoarding in one. At least invest in index fund with anything you don't plan on needing in the short term after your 6 month emergency fund.

As a Chinese, it makes no sense to me at all, this must be invented a long time ago.

My neighbors house burn down and they need 5k. I have 5k in my saving but they are willing to let me charge them 600$ interest rate is this loan worth it?

dont get it

I set a monthly budget with 10-30% of my credit limit, use my credit cards for all cost, and pay the monthly statement balance with my savings account. That way I avoid the silly fees and rep maximum benefit.

Which account earns interest? Savings account Which account limits movement of money out? Checking account

So to keep my money in a checkings account, there’s a fee I have to pay all the time or is it just a one time fee

So hold up. You dont get interest on a checking account, AND you have to pay fee's on it!? If you don't get interest on that money, you shouldn't be paying fees for it either. I don't understand why not only have a savings account with 1 card, and use that card for your purchases, and only have the 1 account to deposit to. No/Less fees, and you get interest on the money. It's not like the money is fixed, so you can still withdraw it even when banks are loaning it out to others.

Kumar still ballin

Did I just learn a life lesson from Kumar?

Kal Penn did you run out of money? Btw who uses cheques anymore?

doin this for my financial lit class that i am 4 modules of 12 in and its all due tomorrow wish me luck yall ;)

Wait Kumar is giving me banking advice?

Traducir en español

I love this video. thanks for the information! it really helps. subscribed*

Very bad BGM, Person's voice is too low compared to BGM.

NICK CAGE'S CANADIAN COUSIN😍

My nigga Kutner

money

"I REALLY HOPE YOU DIDN'T DO THAT" 😂😂🤣🤣😂

Who thought the scene was correct and it?

I hate the background music

One is useful one is not

Any recommendations on banks to open a savings account?

So I need help. I have a chase checking account but not a saving account, there’s like 5 types of saving accounts and I don’t know which one is more beneficial, I have 22k in my checking so I figured why not make a saving account already

He is either lying or don't understand the banking system.cuz I have a savings bank account but they deduct $2.00from my account every month.can someone explain why the bank deduct money from my account every month?

how the mighty have fallen

Do you also get a permanent card with your name on it when you open a savings account?

Well my Fith three back will not give me a checking account in less I have 200.00 in my savings account then I don't think they give me a Dept card this is my only intertament no TV it's all in one so it looks like a senior person on fix income is not in inportant to you and your store doesn't care I'm done. I can send 100"00 $ a month and I was climing up to Red Tube and musice but know hang it

welcome to finance.

I love Kumar. He's the reason i started uhm ashjdg 23ugjiauud

Thanks for this information! 😊

WHAT!! 😩😩😩

Does having a Current and savings accounts of the same Bank means having different ATMs for each accounts?

Never thought that this would be the guy teaching me bank info

what is the main difference between current and checking accounts? I more or less figure about difference between current, credit and saving.... But checking account is a reallly black hole to me.

Thank you this was really useful

Why was the lady kinda bad tho

That girl seemed really sassy and annoying

Hard to understand anything when there's loud music while the narration is happening.

Is that Hannibal Buress?

he looks like jimmy kimmel

Don't forget to say that they charge you / monthly when you have low money on your savings account.

Savings Account = Ez money hack

I still don't see the point of the savings account. They earn essentially no interest; if your goal is to earn revenue from your savings, get a brokerage account. Otherwise, there is no reason not to keep your "savings" in your checking account and forgo the savings account altogether.

Kal Penn? More like Kal pencil

I don't trust pot-heads

AAOj

At my highschool we had a class about this and the teacher didn't teach us anything. She just made us sit in front of a computer and do a couple of assignments.

video outsync as this knowledge