So, hopefully everyone reading this knows that you should have a checking and a savings account. But, there are so many other types of accounts out there that I believe everyone should be taking advantage of. These accounts will help you keep your money organized, and help you maximize your savings while minimizing your spending. Check out this post by Matthew Amster-Burton at Mint.com for accounts that you need:
-A checking account for paying bills- deposit your paycheck and other income here.
-A checking account for daily spending- having two accounts had an immediate positive effect on my family’s finances. We went from worrying about why the checking account was always empty to knowing exactly how much we could spend without endangering our ability to pay upcoming bills.
-An emergency fund- should be an FDIC insured savings account
-A retirement account- IRA or 401k.
-For self-employed people- a quarterly tax account.