How do I allocate savings

Pierre

July 20, 2018 07:18

Do I allocate savings for an emergency fund, under transfers or under repay save invest?

And how do I allocate in both accounts, do I allocate the money out as repay save invest and the money in as a transfer?

hope that makes sense

Thanks!

2 comments

Adam 'Sven' Van Hagen
July 20, 2018 08:24

Hi Pierre,

The way you have suggested is perfectly reasonable (and is my personal choice as well). I would mark the outgoing funds from the current account to the savings as ISR, but then the incoming funds in your savings account as a Transfer.

(Of course, this is entirely up to you. There is no one right way to set up your Budget)

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Pierre
July 23, 2018 17:16

perfect

Thanks!

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