Sis mind your money. I'm glad you came back. I'm Bridgett Dickey, your wealth educator and strategist. And if this is your first time here, welcome. Go back and listen to the first episode when you can learn more about my full story and why this podcast exists. But right now, let's get into today's episode. And Sis, this one is going to change how you see your money. Last week I told you about my why. Today we're gonna talk about the how. I wanna walk you through something. I teach every one of my clients from day one. It's the foundation, everything that I do. It's the reason why people go from being overwhelmed, out of control, to feeling clear, confident, and actually excited about their money. I call it the six account banking System. And at the end of this episode, you're going to understand exactly what it is, why it works, and how to start building it yourself. Let's go. Before I get into the system, let me ask you this, ask you something. I want you to be honest with yourself. Have you ever looked at your bank account at the end of the month and thought, where did it all go? You work hard, you get paid. Maybe you even tried to be careful, but somehow the money just disappeared. If that sounds familiar, you need to hear this. You're not bad with money. You are not lazy or irresponsible. You're just missing a system, and that is not no fault of your own because no one taught us this. Think about it. We go through 12, 16, even 20 years of school. We learn about history, literature, science, math, but no one sits down and says, how to manage your money, tell you how to spend it. No one teaches you how bank accounts work, how to give every dollar purpose, and how to build real wealth from whatever we have. So most of us do what makes sense. Put the money in one account, everything goes in, everything goes out. Paycheck hits on Friday. By Monday, you're wondering what happened. This is not a budget, sis. This is chaos with the deposit. We need every dollar to have a home, a purpose, a job, and that is exactly what the sixth account system does. Now, what some of you may be thinking multiple accounts sounds complicated. It sounds like more to manage. More to keep track and more to worry about. But here's the truth. Having everything in one account, that's what's complicated because when you mix everything together, you never know exactly how things look and what's going on. Is there that $800 in account for bills? Is it for spending? Is it saving? You don't know. So you guess. And guessing is how money disappears. When you separate your money by purpose, everything becomes clear. You open up your account, you know exactly what's that Money's for, no guessing, no stress, no mystery. The clarity is in the foundation of financial confidence, and financial confidence is what changes your life. So let me walk you through all six accounts. The first one, bills and fixed expenses, right? Account number one is your bill and fixed expenses. This is non-negotiable. Your rent, your mortgage, your car payment, your utility bills, your phone bill, your insurance premiums. These are your expenses that are the same or close to the same every single month. They're not optional. They have to be paid. So this account is sacred. The money goes in, the bills come out and nothing else touches it. You don't swipe a card at the grocery store. You don't transfer it. Because you overspend over the weekend. This account has one job and one job only. Well, you know exactly how much your fixed expenses are each month. That money is already set aside. Stop stressing whether the lights are going to stay on that peace of mind, priceless. The second account is your variable spending account number two. This is Your Everyday Life account, groceries, gas, eating out, getting your hair done, entertainment. These are the changes. Could change month by month. You set a budget for that account for each month, and when it goes on, it keeps going on and on. No borrowing to pay bills. No. Dip it in for savings. Having this account separate from your bills is one of the most freeing things you can do for yourself because you can look at your variable spending account at any point during the month and know exactly what you have to work with. No math, no mystery, no stress. Account number three is your emergency fund. Insist this is non-negotiable. Life is going to happen. Your car is gonna break down. You're going to get sick. You may lose your job. And trust me, I know how that feels. Something unexpected is going to come up. And when it does, the question is, are you prepared or are you going into debt? You. Your emergency fund is your financial seatbelt. It's not an investment. It's not for vacation, it's not for Christmas shopping, it's for emergency only. The goal is to have six months of living expenses sitting in this account. I know this may feel overwhelming, but you're starting from zero. So here is what I tell my clients to start with. Now, I know most of you, I said a thousand. If we can get to 2000, but start at a thousand. This is your starter emergency fund. Then keep building every month, even if it's 20 to $50, put it in there. Something must go in that account. Don't touch it unless it's a true, honest, goodness emergency. And over time, sis, this cushion will change. Everything about how you feel about your finances. Now, account number four is your absolute favorite. I promise you once you hear this, you are going to wonder how have you lived without it. Account number four is your sinking fund account. Sinking fund is money you save in advance for expenses, you know that are coming. Let me say again, expenses you or know are coming. Think about this. You know, Christmas is coming every December 25th, every single year without fail, so you know that. Putting money on a credit card and paying debt is not preparing you because we don't want you to have a sinking fund. That's zero. You know, that ties for your car. You know, you need to replace eventually back to school shopping, a family vacation, a birthday celebration. These are surprises. We know they are coming. You just don't have a plan for them. Here is how the sinking fund works. You figure out what the expenses are going to cost. You divide it by the number of months into until you need it, and then you set aside that a month amounted each month. Christmas is in December. It's January. You have 12 months. You want to spend $1,200 on Christmas. That's a hundred dollars a month by December. You already. You are already there. No credit card, no debt, no stress. This is the sinking fund. It will change your life Account number five is your annual and irregular expenses. These are expenses that don't come every month, but when when they hit, they hit hard. Property taxes, car registration, yearly subscriptions, annual insurance premiums. A doctor visit you wasn't expecting. Here's what you do. You sit down, you list every single expense. That does not come every month, but you know it comes every year. Add them all up. Then you divide by 12. That amount every month goes into this account. When the car registration comes due, money is already there. When the property taxes bill come due, it's already there. You're not scrambling. You planned, you're prepared, and now you're protected. Count number six, you finally get to account number six, and this is where things get exciting. Account number six is your wealth building and investing account. This is where you just stop surviving and start building the future. This is your retirement contribution, your investment accounts, your savings goals beyond emergency fund, your generational wealth account. Every dollar that goes into this account is working for you while you sleep. That's the power of investing. Your money makes money, and over time with consistency and even small amounts can grow. Into something extraordinary. I know you may be thinking, I can barely cover my bills. How am I supposed to invest? And I hear you. This is why you build this system from the ground up. Your accounts five working first stops the leaks, but get organized. And even just $20 a month can start account number six because sis, the goal isn't to survive paycheck to paycheck. The goal is to build real lasting generational wealth, and then it starts with one account at a time. So let's recap. Six accounts. Six jobs. Every dollar has a home. Account number one, bills fixed expenses. The non-negotiables. Account number two, variable expenses for your everyday life money. Account number three, emergency fund, your financial seatbelt. Account number four, sinking fund for expenses you know are coming. Account number five, annual and irregular expenses for bills that don't come monthly. Account number six, wealth building and investing for the future, you deserve. When your money has a purpose, it stops disappearing. When you can exceed, you can see exactly what each account is for. The overwhelm goes away. When you have a system Sis, you have control, and control leads to confidence, and confidence leads to freedom. Now, I'm going to let you know something. This episode without the next steps is your homework for the week. I'm not gonna let you leave this episode without next step. So here's your homework for the week. I want you to open up your banking app right now and pull out a piece of paper, write down every account you currently have. Then I want you to look at your money and ask yourself, does every dollar here have a home? If not, that's okay. That's exactly why you're here with just one account. Open an account. For emergency fund naming, emergency fund, and transfer even $25 into it. This is this week Jumpstart. If you want more personalized help building your system, I would love to work with you. Visit me@dickeyfinancialfirm.com or join me Friday for our noon webinars. Every week I go live, and we walk through money topics together in real time. Or become a member of the financial retainer community while I work with you one-on-one every single month and help build your, and maintain your system. You don't have to do this alone. I'm here. Thank you so much for being here today, sis this episode. Has been an exciting one to share from the beginning. This system truly works. I've seen it transform lives and I believe it is going to transform yours. If this episode helps you, please subscribe, share it with someone who needs it, and leave a review. Every share helps another woman or man find this show. And help get them the help they deserve. Come back next week. We're just getting started. I have so much more to share with you. I'm Bridgett Dickey. This is Sis, mind your money. now. Give your money a home.