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TyrconnellFL t1_iycx92o wrote

Financially you don’t need any extra accounts. Figure out how much you need to save and put it in an account you have and don’t touch it. Use it only for whatever you’re saving for.

If “don’t touch it” is hard, you might want one extra account that adds a layer of difficulty to accessing the money, but I think that’s a little bit of a bigger issue than just banking.

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Sunset_Bleu OP t1_iycxu7w wrote

Thanks for your advice. I know now how much I need to save. I think it would be a good idea to open a separate bank account and just dump the money there. I guess what I really want is to be able to see in the account goal x has 200, goal y has 300, but it sounds like that probably won't be easy to do. I could get around that by tracking manually on a spreadsheet.

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TyrconnellFL t1_iyczoeg wrote

Several banks have features that let you subdivide the account for record-keeping with names like bins, vaults, buckets, or pods. Just open one account that can do that.

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