Ask HN: What is your financial “setup”?
The thing that really worked for me was I only ever buy in person with cash. I almost never use my debit card in person. This simple thing changed my relationship with what I buy. Obviously my mortgage and other monthly payments are direct debit but unless the purchase is several hundred Euros or more I will pay in cash.I always have €200 in cash on me which is enough to cover me at least a week. Then whatever I have left over at the end of the week I roll over. So if I have €60 left I take out 140 and transfer the difference into a savings account. I have saved a shocking amount doing this. It may seem strange but budgeting myself 800 for the month and only using cash has really helped me appreciate how much the money is worth to me. The short of it is on pay day each month I transfer 800 to my "cash account", I transfer the exact amount I need to cover my bills into my "bills" account (I also have a "buffer" of 100 in this account as a 'just in case its more than I calculated'). Everything else goes into savings. Everything.Obviously some things fall outside the 800 cash allocation for example I bought a new coat a few weeks ago which was €230. I tried it on in store but bought it online as there was a discount I couldn't use in store annoyingly. However I have a separate budget allocation for key clothing items like coats and boots which I generally replace every other year. However I don't bother with multiple savings accounts anymore. I never found I benefited from the added complexity. If in a month or two I ruin my coat and have to buy a new one unexpectedly I will just take 230 from my savings rather than juggle things around.I should say though that all of our expenses come from a single salary. Every month my wifes automatically goes into savings. Generally we never need to touch it. This is great for many obvious reasons but it also helps us (well me!) feel less guilty when I suggest we buy something we don't really need such as an OLED TV we got a few months ago.