3 savings accounts you need!

Hi rich girls! (And slow girls. I would never forget about you) Let’s talk about the 3 types of savings accounts you should have! 💥

1! Emergency Fund:

Having a dedicated savings account for an emergency fund is essential. This account should contain enough money to cover three to six months' worth of living expenses.

2! Specific Goals:

If you have multiple financial goals, such as saving for a vacation, a down payment on a house, or a new car, it can be helpful to have separate savings accounts for each goal. This makes it easier to track progress and stay motivated.

3! Budgeting:

Some people find it useful to have different savings accounts for budgeting purposes. For example, you might have one account for irregular expenses like car repairs or medical bills, and another for more predictable expenses like annual insurance premiums.

Do you have all 3?? Just 1? 2?!

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