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DeluxeXL t1_j1ze8mk wrote

Reply to comment by BraveCheesecake6090 in How to incorporate credit into budget? by BraveCheesecake6090

Based on your comment, you still have the mindset of someone living paycheck to paycheck.

Once you have a one-month buffer in your checking account, when you get paid and when expenses are paid no longer matters.

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BraveCheesecake6090 OP t1_j1zf4pv wrote

Hm i wonder if that’s a symptom of how I have my finances organized. I’m in the process of turning my 1 month buffer I currently have into a healthy 3-6 month emergency fund. It’s a little juvenile but it keeps all the bills paid on time, a consistent amount going into savings, kitchen stocked, etc. but does keep me perhaps overly wary of larger purchases like new (and needed) furniture.

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DeluxeXL t1_j1zfrjc wrote

> I’m in the process of turning my 1 month buffer I currently have into a healthy 3-6 month emergency fund

They are not the same thing. You should put the emergency fund in a separate savings account. Your one-month buffer stays in the main checking account.

Open a 3rd account to save for short term needs, like furniture and sinking funds.

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BraveCheesecake6090 OP t1_j1zgp7p wrote

Ah ok! This was something I had been thinking of doing once I hit 3 months in the emergency fund. (Holiday spending might have set me back a bit but I should be to that point by the end of February or so)

This is my first job out of college and I was basically broke once I took it after paying for associated moving expenses so savings has been a little slow.

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