What's 'Barefoot Bondage'?
Fear not. There's no whips, chaps or chains. (Unless you're into that sort of thing.) Barefoot Bondage is just a disciplined way to manage your money. All you need to do is direct your pay into different bank accounts.
Mojo Account.
Whatever you earn, make sure you put 10% of it into your Mojo account every time you get paid This way, you'll have a growing account you can dip into to cover anything life throws at you. Sounds simple, but it's the first step towards real financial freedom.
Everyday Account.
Once you've secured at least 10% of your pay in your Mojo account - and paid your bills too - you can put the rest of your pay packet into your Everyday account. It's yours to spend as you wish because your longer term savings have been sorted by your Mojo account.
Get your payroll officer to earn their keep.
The easiest way to get some Barefoot Bondage is to speak with your payroll officer. Get them to pay your wages directly into your accounts so you're not tempted to take the money and run. And because we know payroll officers can be overworked, we've tried to make life easier for them.
To automatically calculate how much should be allocated to your barefoot Bondage account, just click the button below.
Get bondaged