Hey friend, it's me again, I have to say it's a good idea, although I believe it needs a little tweaking that is, some income might be too small to spread at all five at once, doing so in my opinion is maintaining a particular quality of life not really planning to move, I believe it should look more like this;

• Emergency fund
• A little savings to fill up the budget if there's a deficit
• Basic fund (Budgeting occurs here)
• Investment

That's the key ones in my opinion that are necessary for a financially free life.