All my Bank Accounts
Are you familiar with the envelope method? If not, The envelope method is a budgeting method where you put all your cash in separate envelopes for each need.
Well, I might do that with bank accounts. I have a bit of a collection.
But the truth is I need them all! Here's why I have so many bank accounts and what I need them for!
I lost count at seven. And that doesn't include any investment account I own!
How many bank accounts do I have?
My main checking account is for monthly bills. That's where my paycheck gets deposited and where all my bills come out of.
I have a separate account for food and fun. I get a small allotment each paycheck that I use to pay for all my food and any extra activites (like eating out, etc.)
Groceries, Food, and Fun
My third checking account is a sinking fund. This is for big purchases I will be making down the line.
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