A mum's 'secret budgeting weapon' is going viral online at the moment.
"This is my budgeting secret weapon!" the mum wrote on Facebook.
"I have 4 transaction accounts, each has a card if it’s own. I don’t need to track any of my spending, I simply transfer the budgeted amount to the correct account and when it’s gone, we wait until next month."
"I really find this a fantastic way to budget without much effort. You of course, need to have a budget before implementing this but that’s a one off and you can just adjust the budget as circumstances change."
The idea has proved popular with loads of people online...
"I do this too it’s so good. All my direct debits come out of one account, groceries and fuel another, splurge, misc (so the kids can get stuff when they need it)." one person wrote.
"Smart idea." added another.
If you're trying to keep track of your spending these days, this could be a good idea!