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Multiple Bank Accounts for Budgeting: How to Stop Overspending | 70

Multiple Bank Accounts for Budgeting: How to Stop Overspending | 70

Episode 70 Published 3 years, 2 months ago
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*This episode was recorded when our business looked a little different, so some links, offers and resources mentioned may have changed. For the latest, visit budgetbesties.com.*

Imagine money piling up in all the right places. That’s exactly what happens with our Digital Envelope System.

You’ll pick your envelopes—usually things like emergency fund, home repairs, car stuff, travel, and gifts. Then, you’ll set up automatic transfers to send money to each account every month. No more wondering if you can afford a trip or fix the AC. You’ll log into your bank app and see money already sitting there, waiting. Cue the happy dance.

This system was created for people who are done with relying on credit cards and ready for a smoother way to handle savings goals. It mimics the Cash Envelope System but trades the envelope for a bank account—and adds a serious upgrade. It’s perfect for folks who already have a handle on their budget and want to level up. (If you're still new to budgeting, hold off a bit—we don't want you borrowing from one envelope to cover another.)

Digital Envelopes work with your habits, not against them. You already check your bank app—now you’ll check the exact account for the thing you want to spend on. No more guessing.

And yes, it’s a little addictive. Watching each account grow every paycheck? It’s like turning your money system into a game. You’re competing with yourself to hit new savings goals—and that scoreboard is your bank app.

Once you’re ready, this system is a total game changer. You'll feel in control, on top of things, and fully prepped for whatever life throws at you.

Listen in to learn how to use this system and:

  • How to know exactly what you can afford for big and small expenses
  • How to know exactly what you have for each category in your budget
  • How to separate your bills, expenses and savings
  • How to get excited about saving money
  • Exactly how to set up a Digital Envelope System
  • How to apply gamification to your money
  • How to use this system to save & pay for things like medical copays and pet appointments

You’re the master of your money, not the other way around. We are teaching you how to have a good relationship with your budget and your money. We want you to feel confident and excited about your financial future!

Let’s Take Our Relationship To The Next Level:

1️⃣ Facebook Group ➡︎ budgetbesties.com/facebook

2️⃣ Be on the Podcast ➡︎ budgetbesties.com/livecall

3️⃣ Private 1-on-1 Coaching. ➡︎ budgetbesties.com/coaching

This podcast is for educational and informational purposes only and is not personal financial, legal, or tax advice.

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