Split Up Your Funds

Why having more than one bank account is a major key.

Broken piggy bank --- Image by © Royalty-Free/Corbis

The money is the motive; daily, entrepreneurs and folks hitting the pavement to climb the corporate ladder are all thinking about one thing: how to get more green paper.

The cost of living is rising. The desire to feed our inner wanderlust is unchanging. Most importantly, the need to enjoy the money we clock in and out for is a basic human right – all that work and no play simply drives the struggle bus that is stress. Before throwing in the towel, consider how your money is kept.

It is without a doubt that you have heard of the benefits of having more than one bank account – one specifically categorized for bills, allowing you to automate payments, one that operates as an investment account that is connected to a personal checking to silently build wealth, and a travel or fun account. Dividing your money up in various accounts will force you to really watch where your money is going, understand your finances, and be mindful of your expenses – did you really need that extra Starbucks, could you have skipped out on takeout?

About Alley Olivier (84 Articles)
Alley Olivier is a Brooklyn woman wearing many literal and figurative hats – snapback, bucket, and fedora if she feels like it. The short-haired founder and CEO of ButtahMedia, Alley operates as the Managing Editor for BrooklynButtah.com; churning out insightful interviews, balancing her opinions on all things pop culture, and ensuring entrepreneurs find useful information that is without the scientific jargon. When she isn’t consumed by everything Buttah, find her pen flexing on Ebony.com, xoNecole.com, and Caribbean Life Newspaper. Follow her everywhere @All3Y_B.

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