We have a lot of savings accounts, and most of them get automatic monthly deposits.
- our retirement
- nursing school for me
- higher education for our kids
- future replacement vehicles
- annual auto insurance
- auto maintenance/repairs
- future vacations
- future home repairs/maintenance
- self-employment taxes
Basically, my goal in saving is to prepare for future expenses so that they are not financial emergencies. A healthy collection of savings accounts gives me financial margin, and that gives me mental margin too!