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Banking 101 with Jordy Bahl: Strategies for Scoring Financial Wins

Published March 31, 2025

Managing your finances is essential for achieving long-term success, and who better to help you navigate the ins and outs of personal banking than Jordy Bahl?

Whether you’re just starting your financial journey or looking to level up your financial game, this guide will help you score big with some key banking strategies. Let’s dive into Banking 101 with Jordy Bahl and set you on the path to financial victory!

1. Start with the Basics: Understanding Your Bank Accounts

Before you can make any strategic moves, it’s important to understand the basics. At the foundation of your financial success is your bank account. Different types of accounts serve different purposes:

  • Checking Accounts: These are your primary accounts for managing everyday expenses, paying bills, and receiving deposits. It’s where your paycheck lands and where you’ll pay most of your recurring expenses.
  • Savings Accounts: A savings account is your go-to option for setting aside money for emergencies, future expenses, or long-term savings goals. It typically offers a higher interest rate than a checking account, allowing your money to grow over time.
  • Money Market Accounts: If you’re looking for a blend of high interest and easy access to your funds, money market accounts are worth considering. They usually offer higher returns than savings accounts but with some restrictions on withdrawals.
  • Certificates of Deposit (CDs): If you don’t need immediate access to your money, a CD can be a great option. With a fixed interest rate and term length, you can lock in higher rates over time. The downside? You can’t touch the money without a penalty until the CD matures.

By knowing when and how to use these accounts, you can set yourself up for smarter financial management.

2. Establish Financial Goals: Where Do You Want to Go?

Jordy Bahl emphasizes that a successful banking strategy begins with setting clear financial goals. Without knowing where you want to go, it’s hard to map out the best route. Whether it’s buying a home, building an emergency fund, or saving for retirement, your goals will shape how you approach your finances.

Start by asking yourself:

  • What short-term and long-term financial goals do I have?
  • How much money will I need for each goal?
  • What’s my timeline for achieving these goals?

Once you’ve identified your goals, break them down into actionable steps. This will help you stay focused and motivated, making it easier to work towards your financial wins.

3. Master the Art of Budgeting

Budgeting is one of the most powerful tools for managing your finances. A well-structured budget will help you keep track of your income, expenses, and savings goals, ensuring you never overspend or miss an opportunity to save.

Here’s a simple budgeting approach:

  • 50% to needs: Essential expenses like rent, utilities, and groceries.
  • 30% to wants: Non-essentials like dining out, entertainment, and shopping.
  • 20% to savings and debt repayment: Put this towards an emergency fund, retirement savings, or paying off high-interest debt.

The key to successful budgeting is consistency. Review your budget regularly to ensure you’re staying on track and make adjustments as needed.

4. Take Advantage of Online and Mobile Banking

For Jordy, online and mobile banking is a must. With the rise of online and mobile banking, managing your finances has never been easier or more convenient. Here’s how you can leverage digital banking tools to your advantage:

  • Track Spending: Most banking apps provide real-time expense tracking, helping you stay within your budget.
  • Set Alerts: You can set up alerts for things like bill payments, low account balances, or large transactions, so you’re always in control of your finances.
  • Make Payments: Pay bills, transfer money, or even send money to friends and family with just a few taps.
  • Automate Savings: Many banks offer automatic transfers to savings accounts, allowing you to save without having to think about it.

By embracing these digital tools, you can streamline your financial management and easily stay on top of your goals.

5. Smart Borrowing: Using Credit Wisely

Credit is a powerful tool when used wisely, but it can quickly become a burden if not used carefully. Here’s how you can use credit to your advantage:

  • Build Your Credit Score: Use credit cards responsibly by paying off the balance in full each month. A good credit score can lead to better loan terms and lower interest rates when you need to borrow.
  • Avoid High-Interest Debt: If you have high-interest debt (like credit cards), focus on paying it down first. Consider consolidating or refinancing options to lower your interest rates and save money in the long run.
  • Use Loans Strategically: When borrowing, ensure you’re taking out loans for things that will appreciate in value or improve your financial situation (e.g., education, homeownership, or business ventures).

Credit can help you achieve financial wins, but it’s important to be disciplined and strategic with its use.

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6. Invest for the Future

Finally, one of the most powerful financial strategies is investing. While saving is essential, investing allows your money to grow over time. Here’s how to get started:

  • Retirement Accounts: Contribute to retirement accounts like a 401(k) or IRA to take advantage of tax benefits and compound growth.
  • Stocks and Bonds: Diversify your portfolio with a mix of stocks, bonds, and mutual funds to manage risk and optimize returns.
  • Real Estate: If you’re ready for a larger investment, consider real estate. Whether it’s buying a home or investing in rental properties, real estate can build wealth over time.

Remember, investing is a long-term game. Be patient, do your research, and don’t be afraid to seek advice from professionals if needed.

7. Monitor and Adjust Your Financial Plan

Your financial journey is a marathon, not a sprint. It’s crucial to review your banking strategies regularly.

  • Check your financial progress periodically to see if you’re meeting your goals.
  • Adjust your budget and savings plan as your income or expenses change.
  • Reassess your investments to ensure they’re aligned with your long-term objectives.

A flexible financial strategy is key to long-term success, so be ready to adapt to new opportunities and challenges.


With these fundamental banking strategies, you’re well on your way to achieving financial success. From understanding your bank accounts to making smart investment choices, the key is consistency, discipline, and a willingness to learn.

Remember, the path to financial success is a series of small wins. With the right tools, knowledge, and mindset, you’ll be well-equipped to score big in your financial life. Happy banking!

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