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Multiple /Sub Accounts For Savings

  • 30-04-2016 10:47am
    #1
    IllBeGrand
    Registered Users Posts: 48 ✭


    I recently heard some money advisor recommend having lots of bank accounts to.organise your savings into i e an account for Car, another for Holidays, another for savings etc. The idea I guess is to stay organised and protect your different savings from dipping into.

    What do you folks think of this?

    I like the idea of dividing out my income like this but surely there are charges for each account?

    An online account with sub-folders would be a nice idea.


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,541 ✭✭✭JTMan


    IllBeGrand wrote: »
    What do you folks think of this?

    A lot of effort but it all depends on whether that approach will work or you or not in terms of keeping your finances organised.
    IllBeGrand wrote: »
    I like the idea of dividing out my income like this but surely there are charges for each account?

    There are no changes on savings accounts.


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