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The 4 Savings Accounts Everyone Needs | The Financial Diet

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Now that you know how to use multiple savings accounts, increase your saving habits by checking out this video: youtube/LxBzy10He5o
Comment from : @thefinancialdiet

How many accounts is too many? Is it ever bad or risky to have like idk up to 6 or 8?
Comment from : @YoloSwagginzs

Very good video and I took notes ✍🏾,thank you for this video, keep the good work up
Comment from : @UniqueAmerican

This is nice and interesting video 😊
Comment from : @Pkverma-gz6gq

Good tips
Comment from : @AG-hg1py

Great video! Excellent explanation of making saving money simple Thanks
Comment from : @kytacomaguy

i want to become a millionaire
Comment from : @jarmainidoles4553

the main tips for banking-thank you
Comment from : @jarmainidoles4553

Right now I have my 401k, long-term emergency savings, and my car repair/replacement slush fund
Comment from : @jazziered142

Engagement
Comment from : @OiOBlinkingOwl

And on the verge of 2022 the savings account is officially dead
Comment from : @JohnnyD5

Put in regular individual savings account in fidelity and buy index fund - much better rate of interest than bank and can withdraw without penalty and tax and no maximum contribution- - call fidelity - don’t leave it in bank - you lose out this way esp during inflation
Comment from : @annajeehee

Nice video!! Very engaging from beginning to end Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office
Comment from : @jessicaallen9006

20 savings accounts sounds stressful - I have a HYS for efund and long term savings (our HVAC is gonna go one of these days) and a savings account in the same bank as checking - for sinking funds and short term savings I use YNAB to determine how much money is assigned to what goal I only check my bank accounts to reconcile against YNAB So much less moving money around - but personal finance is personal so whatever works for you!
Comment from : @carries8052

With the emergency fund, once you reach you goal amount, do you keep adding more? Or do you move that savings into short/long term savings?
Comment from : @InternerVodkaAunt

Thank you, I agree with you with these points
Comment from : @emaransat3972

Expense account ?
Comment from : @gustavorodriguezvences7770

Good advice, but for now, I really need to focus all my savings for one important goal : fixing my teethbrbrBut Maybe you're rightbrbrMaybe I shouldn't spend all my savings right away till I have none left
Comment from : @vizeath

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Comment from : @jackwilliams6578

butim not american sis
Comment from : @agedashidubu9582

I wish I had encountered your channel years ago! This is so good!
Comment from : @SW-wf3gy

SHE HOT
Comment from : @ryanvaughan857

Qapital let’s you separate your different savings
Comment from : @hectorlambaren570

I have my emergency fund up to 11k, but stopped contributing to my Roth because I'm not at 6-12 months in savings yet
Comment from : @mercyfae7533

I was told recently there is not enough hours because the online sales aren't enough I have a lot of vacation so I'm using it right now to float Just incase we open somewhat at the beginning of June I'm lucky I do have a 6 month emergency fund and in the May there is a 3 week paycheck The second paycheck I might put in my emergency fund to raise the level I don't get charge for my checking account because I get direct deposit The savings if I transfer 25 dollars a month I won't get charge To making this story longShould I take less vacation and start pulling out a balance out off my emergency fund So I can still receive check thru some of my vacation time to not rack up bank charges Trying to get thru thisThanks Vicky
Comment from : @vickyjansen3544

Why don't people listen to their Greatest Generation grandparents about money management? Great Depression plus WWII teaches someone to prep for the future
Comment from : @cameron120587

Jesus Christ get to the point
Comment from : @bonsaikiss

Wow, how relevant is this now during this pandemic
Comment from : @edenrunyon9104

Thank you for posting
Comment from : @blackamericanlesbianprofes4357

I totally agree with the 4 savings that you must have In this time of crisis how important it is to have those emergency savings It would be very handy today
Comment from : @modernadulting6857

Best and most helpful video I’ve found on YouTube, thank you 🙏
Comment from : @GloXum

Do make these savings account in the bank or online And if you by chance give some examples of banks or sites that I can use for my preference than that would be swell
Comment from : @darknight_1373

Can I make long term nd retirement as one bcz 4accounts will cost me a lot I want to hv one accnt in post office and the other one in any bnk so can I merge it
Comment from : @parnadutta4083

How much money should one have in their checkings account, on average?
Comment from : @dredheadluna420

“39 of Americans don’t have any savings at all” brOH DEAR 😂😂
Comment from : @camillamadsen1231

Wow thank you that was very helpful! And ur beautiful
Comment from : @MrChex27

If you are following a 50/30/20 budget, do you pay your credit card from what of the 3 mini budgets do you pay it?
Comment from : @lorenaegusquiza8004

My emergency fund was my priority until I have completed my 6 months worth of emergency fund
Comment from : @joannieoconnell2488

Appreciate the video
Comment from : @ethangoodman893

Diversification it is
Comment from : @faithbwire9164

i currently have 27000 in saving and 17000 in treasury bonds I would have had 20000 more if i did not meet my girlfriend,
Comment from : @boyar1978

Great advice Thanks
Comment from : @pennyb9445

Expeditetools ,com just sent me $45,700 directly too my bank account
Comment from : @thomasbobby7578

I’m doing a complete personal finance overhaul for 2020 and this video was extremely helpful!
Comment from : @katterfly13

I love your idea of keeping a savings account at a totally separate bank! That would def help me from just dipping in there
Comment from : @gearyessentials973

👍🏽
Comment from : @AsianMiho

Seems a bit ridiculous to have 20 accounts What do they have, shell companies?
Comment from : @tonysteel1377

definitely agree before i even know about these types of saving i always saving a portion of money for buying my wants or wishlist thanks for sharing!
Comment from : @my5cent264

Hi! I’m a new subscriber and first time watching you and I must say this video is an answer to my prayer today! Thank you!!!!
Comment from : @lenicecollins

Your style in this vid is so cute!!!
Comment from : @HanaBean

this helped me turn quite a bit of overwhelm into a more actionable approach to start my savings accounts Thank you so much!!!! <3
Comment from : @TunesbyJoey

Got it Save money thanks for info
Comment from : @gwenwhite8928

I just had a $1,500 emergency I have been working on my emergency fund for 9 months and had a little over $1,600 in it It was a heart breaking set back on my 3 month expense goal However, and this is big, this emergency fund saved me from falling back into debt or worry of not being able to pay my bills
Comment from : @theorganizedbudgeter1655

Thank you financial diet!
Comment from : @debtfreegeneration4558

I put both of my paychecks in my savings account, I plan my monthly budget around the withdraw limits I allow myself four I keep basically nothing in my checking now that I use the same bank for checking and savings I let my money build as much compound interest as possible I use credit cards and pay them off before the statement date
Comment from : @lirisa1869

So I'm planning a trip to Europe in 3 yrs: should I keep it on a regular savings account or should I invest it until I'm ready to use it?
Comment from : @glowbyglo

Can retirement account be the insurance?
Comment from : @roseanncanoy3107

Nice!
Comment from : @hassaninvesting

Best feeling is when an emergency comes up and you have the money you thank your past self for saving brYou literally SAVE your own ass Lol
Comment from : @chocolatechick729

This video didn’t need to be 12 minutes long Thank you for the information but I prefer things to be more succinct and straight to the point Appreciate you for taking time to make your videos though 👍🏽
Comment from : @mariancounsellor

I've had to touch my IRAs
Comment from : @susancaleca4796

What about compound interest?!
Comment from : @liamlindy

Thank u
Comment from : @aabbuu3151

Long term ✅brHousehold Savings✅brCoinBank✅
Comment from : @adrianna48

One high yield savings account One spreadsheet Problem solved Except for retirement, that is a separate account
Comment from : @jayqmcburger9030

I love this
Comment from : @jbirdbluejay09

The high yield accounts she puts in the description are not the best and not the highest apy
Comment from : @briandeluca6908

Just American???
Comment from : @LJUK28

How much procentage of the savings should be put in these acounts? If I have 1000 dollars per month to save, how much should I put in the emergency savings, how much procentage to short and long term etc? Or should a person "fill them up" from 1-4 (retirement not included since it should always be filled every month)
Comment from : @Ljungcrantz

Not sure what it's like in the US but loads of people in the UK still pay for things like insurance monthly The interest rates on those things are crazy I suggest saving to pay those in advance and also if you have discipline spend on a credit card and bank the cash you would have spent It won't make you rich but the interest is better in your pocket than theirs
Comment from : @davidchester429

I have a savings account right now (a comfortable emergency stash) and an IRA, but it never occurred to me to sock away money in separate accounts for other expenses My desktop is a few years old now, and it'll be expensive to replace when it kicks the bucket And my brother and his wife want me to visit them in London sometime in the next year I should probably open accounts specifically for those events
Comment from : @stonescorpio

Ironically, I've watched a credit card ad b4 this video lol
Comment from : @acelguevarra4331

I've started on my emergency and retirement saving Short term saving is more so on a whim Should all these savings accounts add up to the general thumb of 20 of my income? (50/30/20)
Comment from : @htaltidor1069

I'm british does this work for me
Comment from : @randymankoto2196

i'm still skeptical about 401k, an older family of mine in their 60s was laid off unexpectedly and has to use that money Despite what the should've, would've, could've done in their earlier years the penalty is ridiculous
Comment from : @stripedsweater520