Re: Savings Accounts
I have 4 savings accounts
1) direct deposit to pay large bills like auto insurance, life insurance, car registration, christmas and vacations. - $60 a week - I have to review this account too because some of the yearly bill items have disappeared.
2 Short term - $30 a week - This is the account I use most
3 Long Term - $20 a week This is my emergency fund if I lose my job - My goal is to have $20 K in this account. When I reach that goal, I'm going to start saving to invest.
4 Car/House - This has all the car payments I don't make now that I paid the car off and it has and extra $20 a week toward home improvements. It will pay for the next car, major car repairs and major appliances or stuff around the house.
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