Hi folks, I am just wondering what are some of the best options for sub-accounts or sinking funds.
At the moment I use the basic free N26 account as my main current account for 'Needs', and I also have a basic free Revolut account for 'Wants' discretionary spending.
I would like to start creating sinking funds for things that aren't quite unexpected yet at the same time aren't regular monthly expenses e.g. car expenses, health insurance, birthdays, Christmas, etc. It would also be great to have sub-accounts for different things rather than having a lump sum sitting in my current account. It would also allow me to know what excess I have left in my account from the previous payday that could potentially be either spent elsewhere or transferred to savings.
What are the best options for this kind of thing in Ireland at the moment? I don't mind having to open another account with a different provider. Perhaps all of this could be done for free though using some kind of spreadsheet? I like the idea of having multiple different accounts for different things.
At the moment I use the basic free N26 account as my main current account for 'Needs', and I also have a basic free Revolut account for 'Wants' discretionary spending.
I would like to start creating sinking funds for things that aren't quite unexpected yet at the same time aren't regular monthly expenses e.g. car expenses, health insurance, birthdays, Christmas, etc. It would also be great to have sub-accounts for different things rather than having a lump sum sitting in my current account. It would also allow me to know what excess I have left in my account from the previous payday that could potentially be either spent elsewhere or transferred to savings.
What are the best options for this kind of thing in Ireland at the moment? I don't mind having to open another account with a different provider. Perhaps all of this could be done for free though using some kind of spreadsheet? I like the idea of having multiple different accounts for different things.