I have a 1 saving accounts, a few checking accounts setup for specific expenses (vacation, car expense, student loan, etc). 1 brokerage acct 1 college fund 1 custodial acct 1 Roth IRA 1 custodial Roth IRA (I just opened this acct) Thank you for all your videos, I enjoy learning!
I have 5 Banks accounts in 2 differents banks 2 checking (1 to pay bills, 1 to buy stuffs)and 3 saving accounts but I still have 401K, investment account.
At one bank - checking, reg savings, high yield savings and Traditional IRA, Credit Union checking/savings, 401k (traditional/roth options), Brokerage 2 is used for rollovers roth/traditional/discretionary managed, and Brokerage 3 to try my hand at picking my own investments.
Well first, I have three types of accounts: 1st) Billing paying (checking account); 2nd) Emergency Fund (savings account); and 3rd) Retirement contributions 401(K), 457, and brokage account. In addition, for my checking and savings accounts, I always use a Credit Union (smile...smile).
You're absolutely right ✅ All depends on our personal needs & goal. When I still own the small business, I had 2 business checking account ( 1 to pay for bills, others to pay employees). Business is closed for good 👍. Now, I have 1 checking 1 saving, 1 CD in credit union, 1 online saving.
I am so glad to see the growth here. I use to listen to you almost 4 years ago on my commute to work, now I do finance and this is amazing to see🤗 Congrats!!♥️
we might have a different account because I am from Philippines but I have retirement account, health account, investment account, Freedom account, emergency account
I would put a small amount you can sustain long term and up from there. Add any additional funds you get split between the accounts equally. Maybe set a goal number and work backwards to see how much you need a week to save to get there.
@clever girl finance I don’t have a retirement fund. I’m 51 yo what company should I start my Roth IRA with? Also I have 2 banks and a business account