[Inem]

You cannot think of saving money and you are using he same account for running expenses. It would just not work.

[astutimeliana723]

You cannot think of saving money and you are using he same account for running expenses. It would just not work.

That's right, if we have a balance that looks like a lot, it will be easy for us to be tempted to spend a lot that we don't need. 😁

[Treborika]

I will consider this Idea. I have learned that saving all your your money in one account can leave you with nothing especially when you get an emergency and withdraw it all.

[Semi]

It is a good suggestion to have a separate account for your savings.

[Isaac]

If you really want to save money, you need to be disciplined and that could only be done when you have a separate savings account.

[augusta]

If you really want to save money, you need to be disciplined and that could only be done when you have a separate savings account.

Yeah discipline is the watchword. You save more when you apply self control to spending

[astutimeliana723]

It is a good suggestion to have a separate account for your savings.

Yes you are right, I also do this so as not to be tempted to be extravagant.

[Yohanna]

It is good to create a separate savings account and that account will serve as a separate account that you can fall back on whenever you need urgent money.

[Uty Theo]

And that savings account shouldn't have an ATM card.

A good idea so that we are not tempted to frequently take cash and buy things we don't need. I also don't have an ATM, I usually use the services of a bank agent to withdraw money for a small fee. This little fee is what makes me reconsider about taking money back and forth. LOL

When you create a savings account with an ATM card, you are just deceiving yourself in the name of savings because it would not work.

[Akuba]

Creating a separate account would be the best option so that you can plan your spendings.

[crestcapital]

Creating a separate account would be the best option so that you can plan your spendings.

it is very important to create a separate account for the essence of accountability.

[Nsikan]

When someone is serious about saving money, another account mainly for the saved funds would become strongly inevitable.

[kennysplash]

You are even adviced to create 3 accounts, current, savings and fixed. This will help you manage your income well.

[astutimeliana723]

And that savings account shouldn't have an ATM card.

A good idea so that we are not tempted to frequently take cash and buy things we don't need. I also don't have an ATM, I usually use the services of a bank agent to withdraw money for a small fee. This little fee is what makes me reconsider about taking money back and forth. LOL

When you create a savings account with an ATM card, you are just deceiving yourself in the name of savings because it would not work.

We should keep ATM cards at home so we are not tempted to keep taking money.

[JASPREET]

I did tried this method for sometime and yes it works but these days I am not adopting it and I feel self control is most important

[eldavis]

Having a separate savings account does help, I am think of creating another one this new year though.

[Tinni]

By right, everyone should have a separate account for savings. And the owner's access to it must be somewhat restricted to make the savings more effective.