Curious about how many bank accounts you should have? In this episode of the Money Mindset Podcast, we delve into the often-asked question of managing multiple bank accounts.
From understanding the benefits of having dedicated accounts for bills, spending, and savings, to the challenges and strategies for maintaining numerous accounts, this episode offers practical advice for anyone looking to streamline their financial management.
Tune in to learn how to optimize your bank accounts for a stress-free budgeting experience.
Hosting Today:
I'm Ashley Patrick, ex detective turned debt-free CEO of my very own business and stay at home mom of three. Not too long ago, my dreams of staying at home with my kids seemed impossible. I thought I'd have to stay miserable in a high stress demanding job, just so I could retire someday.
After gaining the confidence in my own ability to manage my family's finances and a simple step-by-step plan to make it happen, I was able to pay off $45,000 in just 17 months, which then allowed me to finally quit my job, stay at home with my kids, and build a debt-free business.
Now, my mission is to help moms like you conquer debt and free themselves from the mental load of handling their family's finances.
“So, at a minimum, what I like to see when I work with my one-on-one clients is one account for paying bills, one account for spending, and one account for saving. Now, ideally, eventually, you're probably going to need more than that for different savings accounts or to split up the spending a little bit, depending on how well you're sticking to the plan. But to start, I like three bank accounts.”
- Ashley Patrick
For easy step by step directions and worksheets on getting your budget together and done in 30 minutes a month, download my FREE Budget Starter Kit on www.budgetsmadeeasy.com/start
And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes
Resources and Links Mentioned:
- Grab your FREE Budget Starter Kit at www.budgetsmadeeasy.com/start
Connect with Ashley:
- Instagram: www.instagram.com/budgetsmadeeasy