The Two Account Plan

I'm going to share the masterful two account plan.  

All you need for life is two accounts.  One account is a savings, and the other account is a checkings.

The purpose of the savings account is to hold your emergency money.  Find a penny on the ground?  Put it in the savings.  Pawn some stuff?  Put it in the savings.

You want to pretend this money doesn't exist.  Don't let anyone know about it.  Its only purpose is to handle the emergencies that pop up, such as going to the hospital.

The other account is the checking's account.  Everything else in your financial life should go through this account.  

Got paid an insurance claim?  Put it in the checking's account.

Sued someone and won?  Put it in the checking's account.

Need to pay rent?  Pay them from the checking's account.  

Got a paycheck?  Put what you can in the checking's account.  

Need to buy groceries?  Only if there's money in the checking's account.  

One account pays for your future, the other for your present.  

That's how you keep it simple.