Sue from Auckland writes about her budgeting system.
To make sure all expenses are prepared for, I have separate bank accounts for different purposes – eg power, groceries, car, education, gifts, fun, etc (12 accounts in total). Every week at payday I put the calculated weekly expense of each category (averaged across the whole year) into each account. Through the year as each expense comes up, there is always ample to pay for each thing. All accounts are interest-bearing, as well as the account my pay goes into. My bank allows me to name my accounts, so it is easy to tell which account is for what.