1. This applies mostly to accounts you use to set aside for different expense areas creating an implicit metric you can look at the end of each month to determine how far off the mark things worked out

  2. Once you get everything on schedule, build some redundancy to it by having an “overdraft” amount on each account that is added to the necessary monthly balance and always replenish it so it is available in a pinch.

  • AddLemmus@lemmy.mlEnglish
    0·
    2 months ago

    Definitely a good approach, maybe for people like ourselves even more so. But for it to work with my chaotic finances, I’d probably need a business account and pay myself a regular wage. If I’d do things in such an orderly fashion, I’d probably not be here in the first place, and we’d never have met :-)