Home Check Book Why You Need Multiple Savings Accounts
Why You Need Multiple Savings Accounts
Written by Melissa Tosetti   
Tuesday, 02 March 2010

By Emily Burt

Kiplinger.com

I absolutely agree that multiple savings accounts allows you to save money more succesfully.  Our family has 5 savings accounts:

  • Emergency Savings - for true emergencies
  • Spend with Abandon - money we have set aside to spend on bigger ticket items - guilt free!
  • Career Investment - money we have set aside for seminars, classes, books or anything that enriches our careers.
  • Vacation
  • Christmas

Since transitioning to 5 accounts, we have been far more successful at growing the Emergency Savings account (the most important one on this list) than ever before. Note: this list does not include our investment accounts.

Read the article at http://www.kiplinger.com/columns/starting/archive/st0826.htm

 

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