tag:blogger.com,1999:blog-7237510488098484827.post403211289162384187..comments2023-10-03T14:28:15.645-07:00Comments on Frugal Wife = Wealthy Life: Automate Your Savings (Carole)Carolehttp://www.blogger.com/profile/13361293553525222340noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7237510488098484827.post-63295907453377707582010-08-16T11:44:56.875-07:002010-08-16T11:44:56.875-07:00I'm going to go one step further and suggest t...I'm going to go one step further and suggest that not all of the savings go into one account or even one type of account.<br /><br />Every month: Some goes into a regular savings every month. This money is for emergencies only. Another amount goes into a money market account. We can get to this money in about 10 days, if we should absolutely have to have it. Another amount went into our IRA (sadly, we had to cash out in a major emergency), and another amount went into a profit share which has rolled over into an IRA type fund.<br /><br />These amounts don't have to be much (although some accounts might have a minimum deposit), but it will surprise you how fast they add up.Packrathttps://www.blogger.com/profile/02986387347283221427noreply@blogger.com