Before I delve into this topic, let me first say that I am not a certified financial advisor. And, I’m not receiving compensation to discuss these banks. These are just my opinions after doing some basic research.
In the blog post 5 Frugal Ways to Treat Your Family, I mentioned having a “splurge” fund. So many of us forget to set aside that “fun” money. Or, maybe we don’t have a good system for setting it aside. I currently use budgeting software to create a category for the “fun money” fund. For each of my husband’s pay periods, I set aside a percentage for “splurging” and place it in my “fun money” budget category. But what if you don’t have a budgeting software program? What if you want to place those assets in an actual account?