I started putting 10% of every check into a separate account and it changed my money game

The problem was I never had cash for big things like car repairs or a vacation. I opened a Capital One 360 Performance Savings account and set up an auto-transfer for 10% of my direct deposit. After six months, I had over $2,000 saved without even feeling it. Has anyone else found a set percentage that works for them?

2 comments

2 Comments

noraj792d ago

Tried that once but my dog's vet bill ate the whole fund in a month.

morgan.cameron2d ago

Wait, is your emergency fund just one big pot? That's risky. You gotta split it up, @noraj79. Like, have a main emergency fund for your own job loss or big house repairs. Then a separate, smaller vet fund for the dog. That way one vet visit doesn't wipe out everything. My cousin had her car fund drained by a pet surgery because it was all mixed together. Keep them in different bank accounts even, so you're not tempted.