Dr. John Deloney

What was the payout at the very, very end when they give you part of your own money back?

This is a good one for you, George. Today's question comes from Matthew in Rhode Island. All right. So cash is king, but in a digital world where paychecks are direct deposit and bills are paid online, how would you set up your accounts to utilize the envelope system? When our budget was cash-based 20 years ago, it was much less stressful.

This is a good one for you, George. Today's question comes from Matthew in Rhode Island. All right. So cash is king, but in a digital world where paychecks are direct deposit and bills are paid online, how would you set up your accounts to utilize the envelope system? When our budget was cash-based 20 years ago, it was much less stressful.

This is a good one for you, George. Today's question comes from Matthew in Rhode Island. All right. So cash is king, but in a digital world where paychecks are direct deposit and bills are paid online, how would you set up your accounts to utilize the envelope system? When our budget was cash-based 20 years ago, it was much less stressful.

Now banking is digital, and I struggle to set up my accounts. I have a savings account, a checking account. We deposit everything into a checking account where we transfer grocery and gas expenses to be paid from. Oh, here we go. Yeah, he's making it super complicated. Oh, my God.

Now banking is digital, and I struggle to set up my accounts. I have a savings account, a checking account. We deposit everything into a checking account where we transfer grocery and gas expenses to be paid from. Oh, here we go. Yeah, he's making it super complicated. Oh, my God.

Now banking is digital, and I struggle to set up my accounts. I have a savings account, a checking account. We deposit everything into a checking account where we transfer grocery and gas expenses to be paid from. Oh, here we go. Yeah, he's making it super complicated. Oh, my God.

And another account that everything left over from our first two checking accounts is transferred to and all remaining bills are paid out of it. I feel like I'm overcomplicating the process. Matthew, my brother.

And another account that everything left over from our first two checking accounts is transferred to and all remaining bills are paid out of it. I feel like I'm overcomplicating the process. Matthew, my brother.

And another account that everything left over from our first two checking accounts is transferred to and all remaining bills are paid out of it. I feel like I'm overcomplicating the process. Matthew, my brother.

I'm going to turn this over to George, but I have been there. I used to have a checking account for almost every bill. Like this is my electric bill account and it was chaos.

I'm going to turn this over to George, but I have been there. I used to have a checking account for almost every bill. Like this is my electric bill account and it was chaos.

I'm going to turn this over to George, but I have been there. I used to have a checking account for almost every bill. Like this is my electric bill account and it was chaos.

And either you spend it, you get a notification on your phone. It'll tell you, hey- Somebody just bought something at Costco. Somebody just bought something at the hardware store or whatever. And it keeps everybody on the same page.

And either you spend it, you get a notification on your phone. It'll tell you, hey- Somebody just bought something at Costco. Somebody just bought something at the hardware store or whatever. And it keeps everybody on the same page.

And either you spend it, you get a notification on your phone. It'll tell you, hey- Somebody just bought something at Costco. Somebody just bought something at the hardware store or whatever. And it keeps everybody on the same page.

Well, I mean, this was me. I was trying to protect myself from myself. So it's like, all right, this is going to be my grocery debit card. And when it's gone, it's gone. And this is going to be my whatever bills paying debit card. But I just made it so complicated. Every dollar is cool because it's almost like digital envelopes.

Well, I mean, this was me. I was trying to protect myself from myself. So it's like, all right, this is going to be my grocery debit card. And when it's gone, it's gone. And this is going to be my whatever bills paying debit card. But I just made it so complicated. Every dollar is cool because it's almost like digital envelopes.

Well, I mean, this was me. I was trying to protect myself from myself. So it's like, all right, this is going to be my grocery debit card. And when it's gone, it's gone. And this is going to be my whatever bills paying debit card. But I just made it so complicated. Every dollar is cool because it's almost like digital envelopes.

I get nervous just sitting next to John, so I get it. George is smarter than me, so I feel nervous too. So we're all nervous together.