5 ms·
What's worked best for me is putting all of my income into one account and then just giving myself a fairly low monthly 'allowance' into my personal checking ac
by cossatot 11y ago
What's worked best for me is putting all of my income into one account and then just giving myself a fairly low monthly 'allowance' into my personal checking account (at a different bank), from which I spend out of (including rent, student loans, etc.). It took a few iterations to get the monthly value correct so I wasn't running much of a deficit or a surplus.
But now it's good and I don't sweat the small stuff, and I can skip eating out in order to buy a new bike part or whatever. I do look quarterly-ish and see what I am actually spending on.
- mmanfrin 11y agoI do something similar, albeit a bit leakier. I have all my money coming in to one nexus account, and then I have weekly/biweekly/monthly outflows of everything (bills, stock investments, transfers to 3x different banks, mortgage). I keep that account with a bunch of buffer, but ignore all my other accounts. Each month I keep that main account 'floating' is another month where all those other accounts are growing. If I ever dip too low, I can supplement with one of my other accounts. It's not a great solution, but it's the one that I've stuck with best.
- cossatot 11y ago> It's not a great solution, but it's the one that I've stuck with best. Far and away the most important part of any such strategy...