We’ve all done it a time or two: “borrowing” back from our savings account. So to keep that temptation at bay, keep your savings and checking accounts at different banks. You can still transfer the funds should you decide to, but it will make it just a little more difficult. You’ll have to think twice before moving those hard-earned savings out.
And as we all begin our Christmas shopping, it’s good to remember those budgets! If you need a step further, make the savings account with an online bank so you’ll have to deposit by mail, or establish an account that requires two signatures to withdraw from.
Before you know it, those savings will grow grow grow!