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Savings accounts for different purposes
A bank can attached more than one savings account to one current account and open more than one standing order.
Thus, why not have one savings account as a reserve for more short term plans and expenditures like holidays, dental costs, Christmas gifts or other yearly recurring expenses and different savings account to accumulate wealth for those medium to long run goals, like renovations on the house, a dream car, once pension, the education of the children.
Generally, your online banking service allows you to label your different accounts. These account names make it even easier for you to distinguish between your different savings accounts.
12/21
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Be your own architect: see your savings grow!
Yes, sometimes we are our own biggest enemies when it comes to sticking to our personal budgets. For every commitment we make to saving money, there is always a temptation to spend just a little on ourselves. What happens when the silly concept of a personal budget gets in the way of the desire to shop? Let's see how you can respect your budget.
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Tax deductible pension savings plans
Everybody knows they should do something for their pension, but more often than not we seem to think that our pension is still a long way away and that providing for it can wait another day. In this article I will explain you a bit more about pension savings plans.
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How to optimise your tax declaration?
Every year, it is the same old story: we have to fill in our tax declaration. For many of you, this annual exercise is like a chore. It is a pity because a tax declaration, correctly optimised, can save you money by reducing your taxes.