Skip the spreadsheets. here’s a simple four-account system that keeps your money organized without hardcore budgeting. In this video I share my personal bank-account model:
- Checking for bills & income: your money hub, set to autopay utilities and rent.
- Emergency + investment savings: a separate savings account that builds your emergency fund and long-term retirement investments.
- Short-term savings: a pot for big purchases, vacations, and guilt-free splurges.
- Daily-spend checking: a consumption account for groceries, subscriptions, eating out, and other true expenses.
By automatically routing your paycheck into these targeted accounts, you get instant visibility of fixed costs, day-to-day spending, and progress toward financial goals. No complicated software needed. If you want better money management, financial automation, and more control over your finances without the hassle of a traditional budget, this multiple-bank-account method might give you some inspiration.