Money Tips: Budgeting Idea for Over Spenders

Posted On: October 1, 2005

CreditCardGuru
Posted: Wed Apr 20, 2005 11:40 pm
Post subject: Budgeting for over Spending

I run a debt management business alongside my job at B of A, and I have been giving this tip out for a while and people seem to love it as it works for them……sounds kind of stupid at first, but after you use it and experience it, it REALLY works….

Open multiple checking accounts, and deposit into all of them, spreading your money around, why this works is like a psychology game with yourself as with one account you just see this huge lump sum and want to spend it….not good….but with the three accounts you see three smaller numbers and tend to be more cautious with your money…..