- have immediate insight into where you stand in terms of expenditure and financial space
- no messing with excelsheets and receipts to be able to budget
- do not take risks with depreciations that do not work
- make saving easy
Transactions on wages and direct debits are done on my ABNAMRO account. That is relatively static and I do not have to worry about something going wrong there.
In addition, I have 8 bunq accounts with monthly allocated budgets. My ABNAMRO account is therefore not used after I have topped up the monthly bunq budgets, and ABNAMRO always leaves money behind. The idea behind my system is that I budget every expense category and when a budget is empty I can not spend more. I bunq constant eye on bunq category via bunq if I have to take it easy. Everything that remains on the ABNAMRO account at the end of the month, I move to an ABNAMRO savings account. If I have money left in one of the 8 budget accounts, I leave it there:
- Daily expenses (the necessary messages to be able to live)
- Recreation (drinks, eating out, external lunch, trips, all nice to haves)
- House maintenance (paint, tools, whatever)
- OV (transport costs for work / recreation)
- Health (sports, sports accessories, yoga, general practitioner, bicycle maintenance and spare parts)
- Travel (city trips / larger trips)
- Shared account (as a test created, not very useful because I know few people who use bunq )
If I have to make a big investment (new laptop, bank, education, etc), I get that out of my savings. Savings budgets, in that sense, I do not need because my savings with this system in principle grows every month and I have the insights and tools to directly reduce my expenses if necessary.