I'm sorry for making any of your brains explode... or breaking them...
I'm setting rules down for my bank accounts. I'm gonna get confused.
I now have three - 50, 51 and 52.
50 is my spendings account. If I put money into my bank account, it will go to 50. After that, I will distribute it between 51 and 52.
At no time (other than the time between deposits and transfers) will there be over $60 on 50. I plan to keep 50 at lower than $50 or anywhere between $50 to $60. I can only access 50 through EFPTOS or ATM machines.
Whatever deposits I put into 50 will be divided. Everything $50 (or $60 or whatever, I will be flexible just never over $60) and over in 50 will be divided into 51 and 52.
60% goes into 51 and the remaining 40% goes into 52.
51 will be used for my savings. I will save this money and only transfer a maximum of %60 a month to 50.
My limit is $20 a week spending money and I will only transfer it if I need to (i.e. if I have enough money left over from last week, I won't transfer) but if I do not need to transfer, I will have a limit of only able to spend $20 out of the $50 (or $60) a week. Saving money is good. I hardly spend money so it is a safe limit that I will most unlikely never touch. If I need more spending money, I can only transfer a total maximum of $60 per month (for outings like random invites to movies/dinners whatever - it's doable in my case since my bunch of friends are sharing freaks). Oh and my parents are Asian. There are only two sorts of Asian parents. The type that gives you money when you ask and hardly ever gives a crap what for and the type that never gives money (in fact, never lets you touch your own money). My parents are the first type.
Edited to add: At this point, I can only transfer money from 51 to 50 to use for weekly/monthly thing only if there is enough money and the total amount of money in 51 needs to be over $450. This way, I can actually have a limit and actually save. If it doesn't work and I'm starving to death somewhere, I will make exceptions LOL.
Mission 101 is from 51.
Out of the total in 51, there is always 10% that I will NOT be allowed to touch and for each transfer into 51, the 10% will go up but never go down. Say there is $500 in 51 - I will not be able to touch $50 from that $500. The next time I transfer money INTO 51, the 10% goes up yes? Say after the next transfer, it becomes $600. The 10% will increase to $60 that I cannot touch.
However, if I transfer money OUT of 51 and it becomes $500 once again, the 10% does not DROP to $50 again, but instead, it stays the same at $60.
So really, I have to say, the starting is 10% at $50. With every transfer INTO 51, I add 10% of the new money to the existing $50. So if my next transfer is $10, the money that I absolutely cannot touch becomes $51.
The only way I can touch that "NO TOUCH ZONE" is if some major catastrophe happens and I ABSOLUTELY NEED THAT MONEY NOW and there's NO OTHER WAY to get the money. If that happens, I will wait till the catastrophe dies down and I have means again to save money. I will firstly replenish what I lost and then resume the steps I've typed up before this paragraph.
Or if I give birth to kids.
O_______O I will be generous and create a completely different bank account for my kid (maybe same bank, maybe different) and that "NO TOUCH ZONE" money will be transfered to the new account.
Depending on my future living conditions, that 10% might go up or might come down. I trust I will be able to afford a "NO TOUCH ZONE" of 10%. I used to think about a weekly 10% deal you see. Whatever I get in one week, I take away 10% of it first. I don't know now, things will change.
By the time they hit 15, I'll be grateful that I did do this. And by the time they hit 18, THEY will be grateful that I did this.
If I have more than one kid... I will still do the 10% thing but things will be a tad different. They either have a joint account (they will have if they are twins - joint accounts but different suffix so the bank separates the money for them already) or two different bank accounts (you know, two different cards).
Depending on my situation, plus of minus 10% of my weekly/whateverly income will go to that "NO TOUCH ZONE". Say I have two kids: the oldest kid will get 60% of the 10% and the younger will get 40%. If they are twins, they get an evenly split 50%.
If I have three kids (OHGODSHITMAN, but I have to think of the possibilities), it will be different. Oldest will get 55% of the 10%, middle child will get 30% and the youngest will get 15%.
I plan to stop once they win the lottery until they hit 18 (or 20 depending on how horrible they are or how wonderful they are or what. I WILL NOT DISH MONEY OUT TO A CRACK DEALER) but I will keep saving that 10% but only keeping it in my account.
If the second oldest are twins, and they only have an older sibling and no younger siblings, they split the 40% of the 10% into two 50%.
This is in NO WAY their spending money or their food money or their nappy money or clothing money or whatever money. This is their headstart savings that I so very generously give them to begin with.
Ideal situation is that I don't have so many kids that I have to use a frikin calculator to divide it up.
My fantasy ideal situation is that I marry a totally rich guy who has so much money, he gets headaches from having so much and has no idea what to do with it other than let it sit around and gain interest and I end up having to do nothing for the rest of my life.
Right, that only deals with 10% of what I shove into 51. The remaining 90% will be split futher.
If I want to go on a vacation, I will make it that 80% of the remaining 90% will be my "Fun Funds" and the remaining 20% of the 90% left will be for my everyday random shit I want or whatever I decide at the time. Mainly because I can't figure it out anymore. I'm confusing myself. XD
For Account 52, that is for school/education or whatever. 90% will be saved for university (I know my parents are wanting to pay for it but I know that's not possible and student loans only get you so far. I started much too late! I should have started a couple years back but with any luck, I can be a semester ahead for one major (it really depends on what I do but I probably won't be able to be one semester of fees ahead by the end of the year).
EDIT The remaining 10% of 52 will be saved for random shit my future house. Like snacks or misc or 'trouble fees' or something for uni. Or just entirely for uni savings.
At the moment I'm sitting at $400 and I'm debating whether I should rise that up to $500 or $600 and decrease to $400 or $300 on my 51.
And I'm looking into swapping the thing on 51 and 52. I mean instead of 60% going into 51 and 40% into 52, I change it to 40% into 51 and 60% into 52.
And thinking whether I should change it to 70% and 30% instead of 60% and 40%.
I will go with this for a while and will review it later. The percentages settings will most likely swap.
AND SHIT UP, I DON'T CARE IF THIS SOUNDS LIKE A COMPLETELY WHACK PLAN AND TOTALLY IMPOSSIBLE TO FOLLOW OR TO UNDERSTAND.
With a bit of thinking and reading, it'll be totally crystal clear. I totally get my drift (probably because it's MY drift and it's the way my mind works. Completely upside down and I just need to think in complicated ways. Also, all this is going to be done by HAND using PEN AND PAPER.
I could open a few more multiple suffix accounts and just divide it up into different categories and let the bank deal with it, but fuck man, I think ASB will kick me out for creating so many and confusing THEM too. I'm looking into creating a bank account with Westpac for school instead of this 52 account thing. If I do use Westpac in addition to ASB, I will transfer 52 into Westpac and 52 will then change into the account I use for the 10% of 60% savings.
I will also create multiple accounts with Westpac and move the "80% of the 60% (possibly will change in future) for vaction funds" over to the extra Westpac account and use the 51 ASB account for Mission101 and just normal savings (at this point, it is 20% of the 60% that will go into 51. Mission 101 money will come from the 20% of the 60% in 51.
By adding Westpac into the mix, I can use my bank card like a credit card instead of using the Prezzy cards <3. I will no longer have to record it in heaps of detail using pen and paper. Or most likely, my brain.
Okay, this is getting ridiculously confusing. My brain is turning into complete and absolute mush and I will probably read this later and think: WHAT THE FUCK WAS I THINKING?? THIS DOESN'T MAKE ANY FUCKING SENSE.
Other than that... I ABSOLUTELY LOVE PERCENTAGES! <3 beacuse no matter how low your income is and how low your savings is, you can always split totals into percentages.
With the exception of $0 and I hope that I never reach that point because 1) it will be completely humiliating and 2) completely pitiful and 3) absolutely ridiculous and stupid and insane if I let myself fall that low.
Now all I need is an income. I hope I get hired because I need to get paid for this plan to even work or for the numbers to actually change. The numbers it is at is really sad.