One of the key concepts of budgeting is the act of separating your expenses into different categories in order to track and control your spending. While it’s quite possible to do this on your own, wouldn’t it be easier if your money were already physically separated into two separate accounts for budgeting purposes?
An eight-minute video course from the personal finance blog Three Thrifty Guys explains how by using two different checking accounts, you can help streamline your budgeting system. One account is constantly replenished with the money you budget for fixed expenses, while the second account is designated for variable expenses and extra spending. The Three Thrifty Guys course has more details and information about how to set up such a system and get back on track with monthly budgeting. While the course is free, you will be required to provide an email address where the video link will be shared.