How do you keep money in virtual "pots"??

mogchops

Hope this isnt a silly question....

Every month I try to keep money for presents/car stuff/ etc etc, the things that you cant "pay" every month, but you need to keep by. But as its all in the same account it invariably ends up getting lost

How does everyone else do it??

Standingtall

mogchops wrote: »

Hope this isnt a silly question....

Every month I try to keep money for presents/car stuff/ etc etc, the things that you cant "pay" every month, but you need to keep by. But as its all in the same account it invariably ends up getting lost

How does everyone else do it??

Hi there:) I have online banking and have set up 4 (up to now) online saving accounts to which I have instant access. There is a 'fast transfer' facility on my online banking page where I can switch money instantly between these accounts.
Hope this helps

Standingtall

oh - and it also means you are earning interest:T

mogchops

Thank you, that sounds a good idea... I bank with nat west, and have online banking with them - so if I can do an online savings account too, that would help..... would I really be able to do more than one? Would they not think I was strange?!

Em586

I have an online savings account with an instant transfer option.
I use a page on my budget spreadsheet to list all the 'pots' and how much goes in to each one every month, and what the total is.

So even though the money is all in one place, it's not an account I'm using day to day, and I know how much is allocated to each thing if I do need to transfer some over.

Standingtall

My account is with Natwest so yes, you can definitely have more than one.

I have my expenses and clothes account, my car and christmas, my current account, plus an instant access ISA.

mogchops

Standingtall wrote: »

My account is with Natwest so yes, you can definitely have more than one.

I have my expenses and clothes account, my car and christmas, my current account, plus an instant access ISA.

Excellent, that sounds really good, thank you!

rising_from_the_ashes

Standingtall wrote: »

Hi there:) I have online banking and have set up 4 (up to now) online saving accounts to which I have instant access. There is a 'fast transfer' facility on my online banking page where I can switch money instantly between these accounts.
Hope this helps

Snap! Except that I now have .... errrr ...... house & bills account & 8 pots (had to go & count them:o)

Em586 wrote: »

I use a page on my budget spreadsheet to list all the 'pots' and how much goes in to each one every month, and what the total is.

So even though the money is all in one place, it's not an account I'm using day to day, and I know how much is allocated to each thing if I do need to transfer some over.

I tried this .... and failed miserably - it seems so much easier having it in one place but I just couldn't keep track of what belonged to what (my budgeting skills are still in their infancy stages!)

Standingtall

LOL:rotfl::rotfl:

8 pots!!!!!!

I think I might go and open some more now - I feel like an amateur:rotfl:

rising_from_the_ashes

Standingtall wrote: »

LOL:rotfl::rotfl:

8 pots!!!!!!

I think I might go and open some more now - I feel like an amateur:rotfl:

:rotfl:So do I sometimes.... I know a couple of people who have 12:eek:

BEAT_THE_DEBT

Hello what if your in an overdrat and they see you "putting aside" in virtual pots? Are they likley to withdraw overdraft?x