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Here's What Happens if You Move All the Money From Your Checking Account to Savings

Here's What Happens if You Move All the Money From Your Checking Account to Savings

Your checking account and your savings account should serve two different purposes. Your checking account should contain money for the purpose of paying ongoing bills, whether it's your mortgage, your cable bill, or your tab at the supermarket. Your savings account, meanwhile, is where you should be keeping money for unplanned expenses as well as near-term goals.