Real Life with One

I have financial peace of mind

We’re sharing unique ways people are using One.

Guest Contributor:
Martin F.

I’ll freely admit that it wasn’t until suffering some financial hardships due to the events of 2020 that I began to really care about budgeting. Over the years, I’ve tried many different traditional banks, but it wasn’t until I found One earlier this year that I was able to achieve financial peace of mind thanks to the ease of using Pockets. The past year has certainly taught me a lot, but one of my main realizations was the need to plan for the future. As a result, I have begun implementing elements of various financial “hacks.” I started with the 50/30/20 budgeting rule – though I went with 50/20/30, use credit card incentives, increasing my investments, and of course, using high-interest savings accounts like One’s 1.00% APY* Save and 3.00% APY* Auto-Save Pockets.


Budgeting can seem like a boring, daunting task, but with Pockets and Scheduled Transfers, I can achieve simplicity through automation, gaining additional free time every month to do the things that I truly enjoy. Many people suggest using budgeting tools like YNAB, Mint, etc., but I found the simplest way to track things is through a simple spreadsheet that gives me a quick overview of my finances and the use of Pockets.


My One Budget

My Pockets:

  • Car Loans*
  • Credit Cards*
  • Gas*
  • Groceries*
  • Health*
  • Investments*
  • Monthly Bills* (Utilities, phone, and internet service)
  • Mortgage*
  • Pets* (Dog food, medication, vet visits, etc.)
  • Subscriptions* (Streaming services and software subscriptions)

*Shared with my wife



  • Spend Pocket is used for everyday expenses like lunches, coffee, etc. 
  • 90% of my paycheck goes into my Save Pocket.
  • 10% of my paycheck goes into Auto-Save Pocket.


Scheduled Transfers


On the 15th and last day of the month…

  • Send [$xxx.xx] from “Save” to “Spend”
  • Send [$xxx.xx] from “Save” to “🤑 Investments”


On the last day of the month…

  • Send [$xxx.xx] from “Save” to “🚘 Car Loans”
  • Send [$xxx.xx] from “Save” to “💳 Credit Cards”
  • Send [$xxx.xx] from “Save” to “⛽ Gas” 
  • Send [$xxx.xx] from “Save” to “🍊Groceries”
  • Send [$xxx.xx] from “Save” to “⚕️Health”
  • Send [$xxx.xx] from “Save” to “💸 Monthly Bills”
  • Send [$xxx.xx] from “Save” to “🏡 Mortgage”
  • Send [$xxx.xx] from “Save” to “❤️ Pets” 
  • Send [$xxx.xx] from “Save” to “💻 Subscriptions”



How I Started

When I began my One journey, I started by looking at how other One customers use it by gathering testimonials, reading their blog, and Reddit, but those techniques didn’t quite work for me. After a few months of use, I downsized the number of Pockets I needed from about eighteen to twenty to my current setup of just ten.

My wife and I have had joint checking and savings accounts at a big national bank for years. When I made the switch to One, after testing out nearly a dozen other fintech banks, I needed to find a way to make our finances work over the various accounts from different institutions. My wife joined One to have access to all the Pockets I have created. She has been with the same bank for over twenty years; she still hasn’t made the complete switch yet, but I want her to have the best tools available.

I make heavy use of Scheduled Transfers to make managing my finances simpler. I get paid on the 15th and last day of the month, and my wife gets paid on the 1st and 15th of the month. As a result, I use a very detailed budgeting spreadsheet to track bill amounts, Pocket budgets, paycheck contributions, etc., to know how to divide our finances. Since we make roughly the same amount, I set up our contributions where we each end up with the same amount of money in our respective accounts after all Pockets are budgeted. On the 1st and 15th, her contributions are transferred from her checking account to my Save Pocket. On the 15th and last day of the month, 90% of my paycheck goes to my Save Pocket, and 10% is automatically placed into the Auto-Save Pocket to take advantage of the 1.00% APY* and 3.00% APY* rates.

On the 15th and last day of the month, I transfer money to my Spend pocket for lunches, coffee, etc., and 10% of my paycheck goes into my Investments Pocket, which funds a Roth IRA and other investment accounts. On the last day of the month, I have a Scheduled Transfer to fund all the shared Pockets for the next month. The day before those occur, I manually sweep all my Pockets back into my Save Pocket except for my Subscriptions Pocket. I have some things like e-mail and a password manager, which I pay yearly for the additional discounts. All bills are on auto-pay, so I spend very little time every month paying bills and reconciling transactions.

One’s Pockets feature has helped us gain a great deal of peace of mind since we know all our needs are on autopilot. Plus, as an added benefit, we have seen our savings grow, so we know we’ll be fine covering unexpected expenses and dealing with possible financial hardship. Thanks, One team!



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