Hi, not really sure what to do. DH and I share one joint account for everything. We have zero savings and 1 credit card with about £3000 on it. I have used YNAB before but the free trial expired and DH didn't think we should pay for it. He made his own version of a spreadsheet but it's a pain to enter things into it on our phones, so it doesn't get done.
Is using more than one current account a good idea? Such as, one for direct debits/standing orders (all the fixed costs in a month), and then one for food/petrol, and another for things like entertaining the kids, clothes, nights out etc. Or will we just wind up in even more of a mess that way? I'm particularly worried that if we were broke we'd take out overdrafts on all the accounts and end up much further in debt.
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Envelope system - multiple current accounts?
30 replies
TooExtraImmatureCheddar · 20/07/2015 11:16
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