You can use your existing primary bank account as one of the five accounts. Rename it your OPEX account because you are likely paying all your bills from that account. Going forward, we are just going to move deposits to your INCOME account. That should be a no-brainer for check deposits; simply put them into a new account. For other types of deposits, such as credit card or ACH payments, you’ll have to update your bank information wherever necessary. The process will take about half an hour—if you have a lot of automated payments, maybe an hour. Make the effort and get this done.
