The One Account Rule: How to Stop OverspendingTreat windfalls with the scrutiny of a salary.

From the show

Smart Personal Finance Strategies

Mental accounting causes people to value money differently based on its source. "Found money" like tax refunds often feels disposable compared to a regular paycheck. Funneling all income into a single operating account normalizes these funds. This ensures windfalls are budgeted with the same discipline as earned wages.