I go one better than this: I have my monthly salary paid directly into my savings account, then I "pay" myself weekly into a current account the amount of money I actually live off. Your savings can accrue surprisingly fast like this.
I'm liking that idea. Anything that's not spent builds up nicely in the savings account. It's normal to save a set amount each month and whatever is left you just leave sitting in your current account. But that turns it on it's head, leaving any surplus in the savings account. And paying yourself a budget every week helps you manage the money.
Nice! How does that work, though? Do you set budgets for things like food, rent/mortgage, insurances? How do you avoid overspending?