Subscribe to Entrepreneur for $5
Subscribe

How Dividing Your Savings Can Help You Reach Your Goals

By
This story appears in the August 2012 issue of Entrepreneur. Subscribe »
How Dividing Your Savings Can Help You Reach Your Goals
image credit: Shutterstock

If you're like most people, you work toward several financial goals simultaneously, yet you keep all your money clumped into a single savings account. But this approach can have some drawbacks. Among them, a single account makes it difficult to track how much is earmarked for each particular purpose, or whether it might make sense at any time to "plunder" the savings for one goal in favor of another.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!

3 months free with code ZENDESK

Presented by zendesk

3 months free with code ZENDESK