Should You Have Multiple Bank Accounts for Each Saving Goal?

Welcome to our money Q&A series! If you have a question, hit us up on Instagram or TikTok. Or, just like this video and leave a question below!

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[jared]

I find it easier to save for specific things and track my money if I have multiple bank accounts.

I have my big branch chequeing account which is where my pay goes to get distributed to other accounts.

Than I have a credit card for bills which gets paid off by my main chequing.

I also have a branch which I use specifically for investing.

Lastly I have two different online banks. Ones an emergency savings fund. Pretty much for car repairs or any home renos / unexpected costs. The other account I have is specifically for travel. Once I have enough money I'll start shopping around for trips. This also covers my finances for any costs while I'm away.

[elijahbuscher]

I love your podcasts and everything ur doing so keep it up! Fyi I think u may have a grammatical mistake in ur about page. It says "I reveal all of his personal finance..." instead of all of my. All love brother!

[Deathofear]

When you say separate bank accounts you mean different accounts at different banks?

[signedelacroix]

Marry Hunt call that Freedom Fund account.

[samroth]

Why is the mic just touching ur cheeks