The secret of budgeting is to capture all incoming money and allocate it on a regular basis into predetermined accounts. Each account is for a specific purpose. You should structure accounts so that you cannot raid one account to pay for something payable from another account.
The more disciplined you are, the fewer the bank accounts you need. The less disciplined you are, the more accounts you initially need.
Budgeting requires discipline and hard work but is worth it in the long run.
One secret of budgeting is to not have money sloshing around in non-income earning bank accounts. This can be achieved via the use of one or more of the following:
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Revolving credit type mortgage facilities (best for people with fluctuating incomes and larger surpluses);
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High yielding savings accounts, then move money into your cheque account only when you need to pay bills;
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A high interest earning cheque account facility.
