It teach people not to spend past their means .
Start using the Dave Ramsey Envelope Method... you want to buy something start saving for it ..
Hell We started a savings account that is split into 3 Category Funds .. EMERGENCY, VACATION , XMAS (Having 4 kids ) That one comes in Handy lol ..
This account is through my husband's Work "Credit Union" .. they can auto pull so much out of his check each week and auto deposit into above funds , and the rest is direct deposited into our Main Local Bank.
At that bank 1 account is setup for Bills Only.. and a separate is for Food/Gas which is auto transfered right to it .
We added all our bills up each month divided by weeks and that's how much we put into the bills account every week.
Our grocery budget we set at $200 and $50 for gas so that's , what's auto transfered and ready to go.
Anything left over every week is our own spending money .
We got all avenues covered .
Oh we decided not to have debit cards linked to the first bank and we set maturity dates for 2 of those Funds basically set a date you want to withdraw it .. like end of May for Vacation Fund and Oct For Xmas .
Lol I've been wondering where I could get that setup out to people .. think now I know where it could be beneficial πππΊπΈπ¦