Sinking accounts that auto transfer money from my main account - out of sight, out of mind. This makes sure everything that needs to be paid for the month gets paid.
Discussion
Yeah I think this would be beneficial. I had basically a cash sinking fund that I would stuff money into. And you don't touch it.
You use something like Ally bank? Don't they let you categorize your money like this?
Exactly. I use Revolut and they allow what they call money pockets to be created, and I use those. They also allow you to set budgets based on categories. 👍🏻