Hi there, been living in Japan a few years now.
When I lived in the US I had a simple personal finance system (I’m sure this has a name), which was that I put in an automatic transfer of funds every month from my checking to my bank’s savings account. I don’t remember if there was any interest at all, the point wasn’t to make money. Rather, every time my paycheck came, rather than mentally calculating how much I had budgeted to spend, the actual amount in my checking account at any given time was how much I had on hand for expenses.
For example I want to move money allocated to travel and then move it back when the trip comes. At the moment I have my own investments in the US but need to keep the money around (but not spend it) for if/when the exchange rate improves.
Is there any easy free way to do this with my own money? It’s sort of a banking question but also just open to any hacks or creative solutions.
by businesssocksss
