Let me start but saying that I’m no financial Advisor ☺️ however throughout my
Years of trying to gain financial control I began to develop this method which has been working for me. This has allowed me to cover all my bills, enjoy some traveling, and be able to still invest in my dreams. I’m proud to introduce my 5 Account Method ✅
- Bill account 📆; consist of Constant contact. Not only does the exact monthly bill amount get included here but I add 5-10% of my income. This provides a cushion for the bills in the upcoming months. This also makes room to accumulate for emergencies, investments and/or to open any future credit cards 💳 .
- Travel Account 🌍; this consist of seasonal contact for withdrawals. 20% of income gets deposited in this account. A trip 🗺 or flight ✈️ is booked for each season of the year. Destinations are pre planned and on my bucket list.
- Investments account 💰; consist of contact only when buying property. For example a house, acres, and or building property for a future 📈 business. Withdrawals are only done when having a proper understanding of all responsibilities of the investment at hand. This receives 15% of my income.
- Dream Account ☁️; consist of absolutely NO withdrawals ONLY DEPOSITS! This consumes 50% of all income! Only time a withdrawal is made is when there is a complete business plan to invest in something you believe. I also use this for any equipment I want to invest in
- Social account 🍷; consist of constant interaction. Only 1-5% of my income is inserted into this account.
Now this method can work with any income. I went from renting a room space to developing a method that would help me get into my first apartment.