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Budgeting 1 account or 2?

cbassno3
cbassno3 Posts: 131 Forumite
in Budgeting & bank accounts
Afternoon all,
Im looking for some tips on budgeting. Is it best to budget out of 1 account or 2? If I was to budget out of 1 account what advice can you give me?
Many thanks in advance!!!:j
It takes two to tango!:rotfl:

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Firstly, you need to do a Statement of Affairs. Work out where you spend money each month.

    Do it here
    http://www.makesenseofcards.com/soacalc.html

    Then stick to it.

    I have 2 accounts. 1 for bills. 1 for spending. Every payday I put bill money/rent into the second account, so I know all that stuff is paid for. The other stuff is for food, entertainment etc. and so I can't luxury spend with money I may not have.

    You can also stick your SOA if you want tips on where you could cut down.
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You can look on this site's budgetting page for more help. It's fairly comprehensive.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
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