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

Multiple or One Savings Account?

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

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The Benefits of a Hybrid Approach to Saving Money

Logan Daniels: We and our family kind of follow a hybrid approach. So for smaller amounts that occur under one year from now, they're just pooled together in one savings account. But then there's the larger goals. And I would say anything over 1,000 or 2,000 dollars sometimes it actually helps to have a whole separate savings account.

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