If You Struggle To Stick To A Budget, Open A Second Checking Account

"When you're busy swiping your card and paying bills, all coming out of one account, you may be more likely to get to the end of the month with nothing left - and definitely without any extra money to set aside in savings. "Everything's just flying out everywhere," @hermoneymastery said, pointing to subscriptions, groceries, bills, and rent, as well as all the little snacks and food delivery you might buy throughout the week."

"According to Cindy Kumar, CEO, CPA, and Fractional CFO at Elevated Accounting, having one checking account is really common, but it's also an easy way to overspend accidentally. "When rent, subscriptions, groceries, and fun spending all come from the same place, it looks like you have more money than you really do," she tells Bustle. The balance might feel high after payday, but then you chip away without even realizing it until there's not much left."

Opening two bank accounts creates separation between spending and savings, making it easier to allocate funds and hit financial goals. When rent, subscriptions, groceries, and discretionary purchases all withdraw from a single account, available funds can appear larger than they are and deplete unexpectedly. A dedicated account for bills or savings prevents small purchases from eroding goals and reduces the risk of overdrafts and fees. People who separate accounts report improved budgeting, fewer overdraft incidents, and clearer tracking of where money goes. Using a second account simplifies automated allocation and helps build savings faster.

Read at Bustle