5 ways to trick yourself into saving, investing and keeping yourself on the right financial path

Too many bank accounts can get a bit confusing and difficult to manage. However, having an extra account helps you manage your savings better. Experts suggest that people can have three distinct buckets or accounts to separate their monthly income. Set aside money for your fixed expenses such as rent, EMIs and more in one account, while having funds for all your variable expenses such as groceries and household expenses in another. The third account can be earmarked for your savings and investments.

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Source: ET Wealth, May 14-20, 2018