AdvertisementAdvertisementMy family uses separate banks for bills, spending money, credit cards, and investing.
Having a separate account just for discretionary funds makes it easier to spend money guilt-free.
Our 'spend' account is our 'fun money'This is a money tip I've learned from my parents — keep entertainment funds or "fun money" separate, and always allow room in the budget for this if you can.
After bills and contributions to our respective investment accounts and our boys' college funds, we funnel the rest into an entirely different joint account — our 'spend' account.
While most people probably use a separate financial institution for their investments and other long-term financial goals, like saving for college, it's the fourth financial institution on our dossier, and probably the most important.
Persons:
—, it's, It's, they'll, Cabo San, we'll
Organizations:
Service, Investments
Locations:
Cabo, Cabo San Lucas