3 accounts useful (finance)?

At the moment I have a normal current account to which my salary is transferred, subscriptions are debited and from which I make large and small expenses.

I also have a daily money account to which I transfer money every month, like a nest egg.

My problem is that I lose track of my current account relatively quickly because the money in the account is used for daily purchases, etc. And often smaller amounts in euro are also debited.

Would it make sense to open a third, purely online account, e.g. At N26, to which I transfer money every month for subscriptions, purchases and expenses?

Then I would have my overnight money account for the nest egg, my checking account for salary and cash payments in an emergency and the online account as a kind of "spending account" from which subscriptions such as Spotify, Netflix etc. Are debited.

With N26 you also get a card that you can link to Google Pay, that would be great too, because I could then pay comfortably with my mobile phone.

Would that make sense?

If you have the impression that you are quickly losing track of your expenses, another account is of no use. It could even make matters worse. What helps here is regular self-monitoring:

note every expense, keep receipts
Add everything up once a week
then compare with the bank statement

At the beginning this is tedious, but over time you will notice that your overview - and also your spending discipline - will become significantly better.

Smirk… Yes, using cash can be very valuable for a lot.

And before making many purchases, to consider whether they are really necessary.

So I have no problems with the classification / overview of my expenses.

A third account makes no sense…

I recommend an Excel table

Horizontal the months

… Jan… Feb… March…

Salary… 1,899

Bar 02.01 … -200

Bar 1/8 … -150

.

.

.

REMAINING SUM = Formula

Spotfy…

.

…

Then again the remaining amount

The risk of completely losing track of things "only" increases!

It is better if you take all the bank statements for 2020 and draw up what comes together in monthly, quarterly, half-yearly and annual fixed costs. What about contracts still makes sense and can go away.

What about income and what tendency your accounts have, stable, rising or falling towards zero!

This is much more important than moving the funds you need to multiple accounts.

We have been like that for a long time. All regular expenses are added up and this sum is transferred to the special account at the beginning of the month. This is where the entire payment is made.

An account to save

and then the account we live on, for groceries, going out, gifts, trips, …

That works very well.

Pay with your card straight away, take a quick look at online banking every day, then you have an overview without any further effort.

It may be enough for many. I think that writing it down consciously has a stronger learning effect.

Not at my place. Is also too time-consuming and is then easily left out again.