Re: Gayle's Spend-less & save more
Posted: Wed Nov 28, 2018 2:20 pm
Mountain America Credit Union does, at least it used to. I’ve never used more than 6.icfrugal1 wrote: ↑Sat Nov 24, 2018 9:24 pmWhat bank allows you to have 50 savings accounts ? I have (ING) 360 Capital one and I think that I'm limited to 25 accountsgaylejackson2 wrote: ↑Thu Feb 15, 2018 11:28 amI want to jump on the journaling wagon too. I find that I do better if I can write money-related things down.
I want to save $10/week again in 2018, plus sock away any extra little bit that comes my way. We don't have any retirement funds set up (well dh might have a small 401k with work), and I want to work on that.
I might still do my envelopes for medical expenses, emergency fund, gas money -- or perhaps I'll start savings accounts for these... on my checking account, I can have up to 50 seperate savings accounts (I can move money from checking into them, but they won't be pulled from if checking gets overdrawn accidentally).
This is what I'm currently thinking about (usually at night when I can't sleep).
Separate savings accounts for:
*Gasoline?? or maybe will just keep this in envelope
*Groceries?? or maybe will just keep this in envelope
*Heloc-- I want to do a direct pull from this account for our HELOC (this is the main reason I started working again, to pay off more on it) -- when working out monthly payments I frequently forget to allow $$ for HELOC, then my budget is messed up.
*Vacation -- I want to go somewhere for mine & dh 20th wedding anniversary -- have just over 2 years, to save for that date.
Estimated Amounts for each account/envelope by month:
*Emergency- $20-30/month plus 10% of my income; once I reach $10,000 (its a GIGANTIC number right now, but its 4 months expenses), I'll toss extra money at retirement fund.
*HELOC- $120 (current payment is $88, but that will change in March or April)
**Retirement- 10% of My monthly income, plus $20-40/month from paychecks from hubby (once I reach $1000-2000, I will put it in something bigger than this micro-yield savings account).