u/GhostOfMandalore_

I graduated and started working about 2 years ago. Honestly, I used to be pretty stupid with my money I had 5+ accounts just because it’s so easy to open them online now. It was a total mess and impossible to track anything. I’ve realized you only need two accounts. Any more is just clutter, and any less makes it too hard to separate your spending from your savings

• 1st Account Monthly Expenses This is for your day-to-day life. Rent, food, EMIs, and the money you send home. It’s for your liabilities and helps you see exactly what your lifestyle costs each month.
• 2nd Account Emergency/Investment This is the "Don't Touch" zone. It should have at least 6 months of expenses for emergencies. It’s not for a new iPhone or a random purchase. Once you hit your emergency goal, use this as your launchpad for investments.

Having 5+ accounts was a headache. Switching to just two lets me track every single rupee without the stress. How many are you guys using?

i actually opened a separate bank account and disabled every single thing like upi and ecommerce and atm transactions too i want to be able to access it only when my world is falling apart and i treat this account like the basement scene in the first john wick movie i even forget how much i actually have in there lol its for peace of mind honestly so i dont end up spending it on random stuff i mean i heard stories from dad that my grandfather used to bury expensive things in his backyard i mean literally my grandfather did that so i guess i just inherited that dna but updated it for the digital age because before upi it was hard to spend money like you know go to the bank or atm then there was the problem of change or even with cards not every shop would accept them even now you will see hardly any small or even good medium shops have card machines and with upi and growing instant delivery apps like zomato swiggy and blinkit zepto we lost that friction advantage our parents had so it feels way safer when its basically impossible to touch without going to a physical branch or something extreme like that does anyone else have a secret vault like this or am i just being extra paranoid about my savings