Budgeting expert Ellyce Fulmore, who runs a life and money coaching website, says the ideal number of bank accounts you should have is four. This is made up of a bill paying account, daily spending account, short-term savings account and a long-term investment account. (Image: millennial_coach/Tiktok)Your daily spending account can be a second bank account with your regular bank, says Ellyce. Your short-term savings can also be used as an emergency buffer if something goes wrong in your life, such as an appliance breaking down. Finally, the last account Ellyce recommends opening is for your long-term investments.

Source: Daily Mirror July 20, 2021 09:56 UTC