Layered account

A layered account is like a big cake with many layers. Each layer is like a level or group of things that are kept separate from the other layers.

Now, imagine that each layer of the cake is a different part of your money or your information. For example, one layer can be for your savings, another for your spending money, and another for your emergency fund. Each layer is kept separate from the others so that if something happens to one layer, like you spend too much of your spending money, the other layers will still be safe and secure.

This is important because it helps you keep better track of where your money is going and makes it easier for you to manage your money. It is also a good way to keep your personal information safe and not share it with everyone.

In summary, a layered account is a way of organizing your money or information into separate areas or layers to make it easier for you to manage and keep safe.