An idea my wife came up with or heard about and wanted to try****

She was like what if we have like folders, one for water, one for power bill, rent, car insurance, etc….. and every pay day distribute the cash appropriately to each folder.

Like if power is 100 and month…. At least 25 per paycheck goes in that folder.

I thought it was a cool idea but obviously had to incorporate bitcoin into the situation

So now I’m thinking of having a different lighting wallet specifically for each bill. Or whatever… like it could include gas money or spending money… anything I wanna do really

And one wallet will be for stacking sats ofc

Then whenever that wallet hits, for example .01 or a million sats, I send it to cold storage.

Anybody have any thoughts on this?

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I like it! Conversion is key for this, to pay those specific folders do any accept Bitcoin directly? Or only fiat?

My wife was talking about putting cash in different folders… like a savings account for each bill or something… idk

And I was thinking of using that same model but instead using a different lighting wallets for each, instead of folders) lol

Does that make any sense?

It does…and, being able to distribute the correct currency for the “bill”. Some may actually accept Bitcoin…or, at least, will soon. And for those that do not, converting the satoshi to fiat shouldn’t be an issue. 🤘🏻😎🤘🏻

This is called the envelope system