Aaron Knightley refused to have the same cash troubles his mum and dad faced and quickly found a way to manage his finances by being honest about his needs
A financial wizard has 33 bank accounts at the age of 31 and claims it has saved him ‘millions’
Aaron Knightley’s thrifty ways have taken him from an unfulfilling role to having total financial independence from banking giants Formerly living on a council estate he refused to incur the same cash troubles his mum and dad faced. He says most people might think he is a financially well-off “75-year-old”. But The Express reports he does not spend money unnecessarily Aaron said: “I grew up and my family didn’t have money I, even until this day, don’t really spend money on materialistic things but I’ve done pretty well financially for my age. I’ve looked after my money very well and what I figured out early on is that my main goal was to get out of a nine-to-five job.
“I really didn’t want to be in a nine-to-five job. So, I knew that I needed to have what I call ‘f*** you money’… So, in order to do that, I just needed to manage my money correctly.” The self-employed 31-year-old claims he owns a staggering 33 bank accounts across a range of major firms, including Nationwide, Monzo and Starling Bank.
His primary reason for doing so is to manage ’15 streams of income’, he suggests that splitting up your cash is a good way to prioritise financial goals. The financial guru, has shared his savvy approach to managing money, which involves an intricate system of ‘holding accounts’ and ‘net accounts’. He said: “Then it will start to sort of fish off into savings and investments, my son’s money, emergency, maintenance, floating funds, cash reserves, venture capital, stocks and shares ISA, my private pension… crypto and holiday money.”
His financial arrangements seem complex, but Aaron maintains that the process is streamlined by using standing orders and ensuring funds are automatically distributed across his various accounts each month. He added: “A standing order means every time that income comes in there’s no emotion in it,” and says it removes the emotional aspect from financial decisions.
“Most people get emotionally involved. So, if you owed me £100, some people wouldn’t even put that on a standing order to pay back. They’d get paid and they’d be like ‘oh, I’ve just been asked to go out by the girls, but I owe Aaron £100’… Because there’s an emotional feeling involved they might be like ‘oh, I’ll pay him back next week and I’ll go out with the girls’. I’ve taken all the emotion out of all my finances [it’s all automated].”
He sparked controversy by suggesting people may not be as badly off during the cost-of-living crisis as they believe adding: “If someone says to me ‘Aaron look at it in the paper, the cost-of-living crisis is real, prices are going up’, my question would be: ‘ok, number one I want to look at your finances, where you spend your money’… They would never let me look.”
Aaron claims he can identify unnecessary expenditures. He said: “I would go through it finally to find out where they spend their money and I guarantee it would be on the following: NowTV, Netflix, curries, restaurants, JD, finance, financing a car, keeping up with the Joneses, remortgaging when you can’t afford the payments.” He added: “Money is there, they don’t live frugally, everyone wants to pretend to look rich because of society and social media, but no one’s got a pot to p*** in.”
