Having Multiple Savings Accounts

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Real Estate, Education, Investing, Self-improvement, Business, Money

4.6 • 858 Ratings

🗓️ 25 December 2019

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Quint and Daniel discuss whether or not you should have multiple savings accounts. Whatever works for you, do it, but don't overcomplicate it!

Transcript

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0:00.0	Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.money. Now, enjoy this episode.
0:20.6	Welcome, ladies and gentlemen, you're listening to another edition of DIY Money. episode.
0:25.4	Welcome, ladies and gentlemen, you're listening to another edition of DIY money.
0:29.9	You thought I was coming in there.
0:30.6	I was waiting.
0:32.4	Yeah, I know I could see it in your eyes.
0:33.5	I was hungry for it.
0:35.9	I had seen it in your eyes, Daniel, see it in your eyes.
0:38.1	All right, friends, welcome back to another edition.
0:40.6	We are excited here at the studio.
0:42.0	We've got a great question today.
0:45.6	We're going to get right to it from Alejandro Castanada.
0:47.7	Alejandro, what do you got?
0:49.2	D-I-Y!
0:51.9	My name is Alejandro Barraza Castaneta.
0:53.4	I'm 23 years old.
0:57.0	I currently work at Federal Express with a full-time team leader. I'm trying to make my way up into management, not only for the bump of pay, but also for the career benefits, brings into my life.
1:04.0	Lately, me and my wife have been tackling down our debt.
1:07.0	We are living the DIY money lifestyle as it should be.
1:21.2	My question is that I want to make multiple savings accounts, but is there a problem with making too many savings account or should I just only stick to one?
1:25.9	Is there all right for me to make multiple savings accounts for various reasons?
1:28.8	I would like to listen to what do you guys have to say.
	...

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Generated transcripts are the property of Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen! and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.