Financial Awareness starts here!

Bank the way you need to, and not the way your bank wants you to.

🏦 Banking with buckets—or sub-accounts—is a way to organize your money more intentionally, often within a single bank account. It’s like splitting your cash into labeled envelopes without physically moving it. Here’s how it works:

💡 So, what Are Buckets or Sub-Accounts?

They’re virtual compartments within one account (usually a checking or savings account) where you allocate money for specific purposes—like rent, groceries, vacations, or emergency funds.

📘 How It Works

1) You open one account with a bank that supports this feature.

2) You create multiple “buckets” or labeled categories within that account (e.g. “Travel Fund,” “Bills,” “Savings”).

3) You assign money to each bucket, even though technically all your money is still in the same account.

4) Some banks let you automate deposits into each bucket, often based on a schedule or goal.

🛠 Benefits

Better budgeting – You always know how much you’ve set aside for each goal.

No need for multiple accounts – Everything stays in one place but organized.

Visual clarity – You can see progress toward goals like a new laptop or holiday trip

Mortgage /Rent

Electric

Gas

Water

Lunch/Food

Clothing

Hair

Nails

Savings

Investment

Groceries

Car

Insurance Gas

Phone Internet

Cable/Streaming services

Credit card

Bucket #1 (Needed) Home Bills

Bucket #2 Wanted/Needed Luxuries (These Can be adjusted)

Bucket #3 Needed! For Growth

Use the remaining In the main account for personal items like

*Main account / $ 5,000

Money Comes into Main account, then is disbursed 3 Sub accounts

*This system has been proven to help many become financially organized if they chose to be, but it takes discipline as the money technically remains in the main account. So, if you are one that lacks financial discipline, you may want to open multiple individual Checking accounts to make sure funds for one bucket isn't being used for another. Some may use this system because it keeps overdraft fees down and assures funds are available for items that are set up on auto draft.