Piggy banking technique help please

jgallcash

Thanks for all of your replies everyone - Just to clarify - i actually do have a single joint account that everything comes out of at the minute. I just think that by having these seperated more i would be able to keep track of them easier - at a glance.

With YB you can give the accounts nicknames and view them all at a glance. As these would be joint accounts it also means that my partner would have free access to them all so that we can be doubly vigilant.

We have had some issues with flexible direct debits being over paid to gas company etc and whilst i know i'm covered by the direct debit guarentee (I claimed the money back) having a set amount going into the individual account and then seeing that account return to zero once paid means that i can just glance at the account summary page.

As i have said I know i'm definately over egging the pudding here - but I feel that i have worked particularly hard to get a superb credit history/rating and at times because of the incompetence/mistakes made by utility companies i have had final warning payment letters. I know that this doesn't affect my rating but if they cant even take a correct payment who's to say that there automated systems cant balls up when i have paid?

I suppose i'm just trying to prevent anything that may happen. Sorry to be so long winded

heppy23

sarahs999 wrote: »

Heppy's problem with BACS might be solved by having all the accounts with one bank, as transfers happen instantaneously between accounts.

I've sorted it by opening a basic bank account with a "proper" bank that accepts and sends faster payments.

When I get it all set up the money will move round quickly, rather than waiting for bacs where I often had the best part of a weeks wages floating around in the ether.

Sabi

I currently bank with Natwest. I have 7 accounts with them.

Step account: Wages (Comes witha a debit card)

First reserve #1: Savings (comes with a debit card)

First reserve #2: Spending/Shopping account( Comes with a debit card)

First reserve #3: Maintence/child benefit/ child tax (comes with a debit card)

E-saver #1: Bills account D/D and S/O

E-Saver#2: Credit card Account (I put £20 each month to pay off credit
card)

E-saver#3: Charity account ( I put pennies in that account and every 6 months pay to my chosen charity)

This method works well for me I know where all my money is and every month i transfer a set amount of money into these accounts so everything is covered. Plus the First reserve accounts comes with a Debit card which is Handy.

Maybe try natwest bank, plus you can have all those accounts with your partner.