Guides / Where to keep it
One account or many?
Separate accounts, buckets or a spreadsheet: pick what you'll stick with.
You can keep each fund in its own account, use one account with named buckets, or keep one account and track the funds on paper. All three work.
Options
- Separate accounts: clearest picture, but more to manage
- One account with buckets or "spaces": many banks and credit unions offer this at no cost
- One account plus a tracker: simplest at the bank, but you need to update the tracker
Our suggestion
Keep the emergency fund on its own. Group sinking funds together in one account with buckets or a tracker.
General educational information, not financial advice. Stretching Funds Today isn't paid by any bank or company.