Keep it simple.
We have one checking account and two savings accounts. Each account gets a certain percentage from each paycheck. The checking account is for daily expenses, one savings is for bills and the other is for saving.
We use our CC for all transactions possible. It works great for many reasons. You get a detailed statement so it's easy to track your expenses, purchase security and it also keeps the checking account clean to make it easy to balance. Every week I go online and pay the CC off (from the checking account) so there's never an outstanding balance.
How I came up with what account gets what percent of money? I built a spread sheet in excel of every expense and that is our budget to go by.
Again, keep it simple.
We have one checking account and two savings accounts. Each account gets a certain percentage from each paycheck. The checking account is for daily expenses, one savings is for bills and the other is for saving.
We use our CC for all transactions possible. It works great for many reasons. You get a detailed statement so it's easy to track your expenses, purchase security and it also keeps the checking account clean to make it easy to balance. Every week I go online and pay the CC off (from the checking account) so there's never an outstanding balance.
How I came up with what account gets what percent of money? I built a spread sheet in excel of every expense and that is our budget to go by.
Again, keep it simple.