How to protect savings from impulsive transfers?
Answer
Limit access: a separate bank, disabled "fast transfers," limits, and a pause rule. The more friction — the better the discipline.
Was this answer helpful?
More questions in this topic
- Where is the best place to keep savings?
- How to protect savings from inflation?
- How much should be in the safety cushion and where to keep it?
- How to distinguish a safety cushion from savings for goals?
- Where to start saving if you can't save anything right now?
- What percentage of income is best to allocate to savings?
- How to save if income is irregular?
- What to look at when choosing a deposit besides the interest rate?
- Is a savings account or deposit better for a cushion?
- Is it worth keeping savings cash at home?
- How to distribute savings among different instruments?
- Is it necessary to open a separate account for savings?
Related questions from other topics
- How to properly account for savings: as expenses or as transfers?Personal finance · Budget and planning
- How to control impulsive purchases?Personal finance · Budget and planning
- How to use the "pay yourself first" rule?Personal finance · Budget and planning
- Family budget: total or separate budgets?Personal finance · Family budget
- How to choose a safe credit limit on a card?Personal finance · Loans and debts
- Bank accounts and cards: how to reduce fees?Personal finance · Bank accounts and cards