Diary of a spendy cow

Broke_Kitty

Do you just have lots of online banking accounts set up? I currently have my current account, debt overpayment account, and emergency fund account, but it would be pretty cool to have a bills and food account too I think! Do you just transfer money out of them into your main account as the bills fly out?

mooomin

Broke_Kitty wrote: »

Do you just have lots of online banking accounts set up? I currently have my current account, debt overpayment account, and emergency fund account, but it would be pretty cool to have a bills and food account too I think! Do you just transfer money out of them into your main account as the bills fly out?

Oh lord, this is going to make me look like a crazy person...

With my employer I have:

Current account for wages and then anything left is my spending money for the month. I transfer money out from here as soon as I get paid.
Main savings account
Savings account for Fringe

With Halifax I have:

Current account for food shopping. I pay for it all with my debit card.
Current account I've just always had and never closed. If I pay for anything on my credit card I transfer that amount to this account and then use it to pay my credit card off in full each month.
Car savings
Christmas savings
My savings account for any money I bank from my sealed pot

With First Direct I have:

Current account I use for all my direct debits
ISA

I also have an account with the post office that me and my friend pay £20 a month in to each and we use it through the year for days out and treats.

So that's four current accounts with three banks and seven savings accounts

I'm pretty sure it could be done in an easier fashion, but I just like the way it works for me. When you write it all down it looks bonkers though :rotfl:

Broke_Kitty

Haha that actually sounds pretty cool! I think I might set up an extra bills account, and a standing order to put the amount that I need for my bills in there on the 1st of every month. Then when a bill goes out of my main account, transfer the amount that went out from the bills account into my current account, to cover it.

Siouxsie32

I have lots of accounts too moomin...

Current Accounts:
BOS - used for some direct debits and earns me £5 per month
Halifax - I have 2 DDs set up to earn £5 per month
Nationwide - only used to get a £1000 free overdraft
First Direct - still being set up, but only opened to get the £100 incentive
Co-op - only opened to get a £100 incentive, but now closing as switching to First Direct
Santander - pretty much redundant, but it gives me free European Travel Insurance
RBS - I use this for my miscellaneous budget.

On payday, I shuffle £1000 between them all so that they have had the minimum credit required. Takes less than 5 minutes and earns me all of the above

Savings accounts:
RBS - where I keep my spare money
2nd RBS - where I transfer money to when I've used my Amex card. It sits there til the bill's due
Halifax - where I transfer money when I've used my Halifax credit card. The money sits there til the bill's due.
Santander - where I keep special money (like birthday money) that I want to keep separate.

Wow, 7 current accounts and 4 savings accounts - I also feel there's probably an easier way, but I'm working the system and it works for me

beanielou

Happy job hunting
Your SOA looks amazing.

girlatplay

It's too much work to list all my accounts so let's just say I have 2 current accounts, 2 cardcash accounts that I use for day to day spending (haha, they only have money in them once a week - tax credits and CSA) and 13 savings accounts. I use 12 of them. Just haven't got round to closing the other one.

Your SOA is looking good. Totally under control.

mooomin

Morning all!

A lot of money things to witter on about this morning

Credit card balance: £226.52
Payment made: £203.10
Difference: £23.42

Not a clue where the difference has come from so I'm waiting to check my transactions once they all go through.

Got paid from my second job today - £37.92 in to the savings account.

As things stand, the money situation is:

Current account: £140 (BAD MOOO!) I spent a fair bit this weekend on a night out, and bought some clothes for my holiday. Oops. Thankfully I return to the UK the day before I get paid again

Food: £78.54 (£30 left of my budget if I'm working from the 1st of February, which isn't bad as it's the 25th today!)
Savings: £1697.84
Car fund: £324.14 We got the insurance renewal through and it's £249, so I'm going to spend some time this week looking for better quotes!

Nectar points are 3361/£16.81

mooomin

Car insurance done!

Changed to Direct Line for £228 per year, reducing our excess to £150 and, if it tracks and validates ok, I'll get £52.50 cashback from TCB

mooomin

mooomin wrote: »

Credit card balance: £226.52
Payment made: £203.10
Difference: £23.42

Netflix accounts for £5.99 of that, figured that out when I checked out my email! I need to find another £17.43 and then it's back to zero

PositiveBalance

Wow, I feel completely and utterly underdressed in the bank account department! :rotfl:

I have a new thread, Moo: pop over if you like...there will be lots of baking to use up fruit that's going a smidgeon bleugh today....muffins ahoy!

https://forums.moneysavingexpert.com/discussion/4906343