Banking....NBR

2chatter · March 2013

I have a banking related question.

I have a primary checking account. I have a secondary account for vacations. I would like to open a checking account for short term savings (like new living room furniture or kitchen counters) and one for DD to keep her allowance in (she is a saver). Is it weird to have four checking accounts, and then, when the younger two have money, I would have six? Do you just manage all of your funds from one account? I like to see money accrue seperately, to ensure we stay on track without having to reconcile.

jldubb0626 · March 2013

Why don't you just open savings accounts? I'm not sure where you bank, but where I worked and still bank (Chase), you didn't have to keep a minimum amount in the account if it was linked to your checking account. Minor accounts didn't have any type of

MrMrsandBaby · March 2013

I agree with jldubb...open savings accounts! There is no reason for three checking accounts if you are using them as savings. Just open a savings account (either with your current bank or one that will let you transfer money to your current bank) and wh

firewife9278 · March 2013

We have a joint checking account, I have a separate checking for my direct sales company, we have 2 joint savings accounts, and DD has a savings account and a college fund.

Savings accounts make more sense to me for what you're looking for

2chatter · March 2013

Oops, I referred to anything that is not an investment account as a checking account. Hilarious as I work in financial services - we refer to all accounts that are not investment accounts as "checking" and that anamoly JUST occurred to me. So

MrMrsandBaby · March 2013

2chatter:
Oops, I referred to anything that is not an investment account as a checking account. Hilarious as I work in fina

jldubb0626 · March 2013

2chatter:
Oops, I referred to anything that is not an investment account as a checking account. Hilarious as I work in f

Favority · March 2013

I don't see any problem with it. Right now we have 1 joint checking, one "round up" savings(rounds each checking transaction to the whole dollar and transfers to this acct), one joint savings, a savings acct for DD and a college fund for DD. We manage the

bethanyturon · March 2013

We actually have 3 checking accounts and 2 savings accounts right now. They have evolved to become that way over time, but I think it can happy pretty easily. DH and I each had our own checking accounts. Now we are on each other's accoun

silvercamaro77 · April 2013

We have a checking account and a savings account and we use ynab to keep track of what we have for each category.

Banking....NBR

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