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What is the best reason for Jacinta to have a savings account in addition to a checking account? A savings account protects her money from overdraft fees. A savings account insures her money under the FDIC. A savings account guards her money against inflation. A savings account allows her to set her money aside.
The answer is: A savings account allows her to set her money aside.Saving account has a limited number of withdrawal while checking account has unlimited withdrawals as long as you still have enough money stored, This make a saving account perfect for the people who want to control their spending. By having these two account, Jacinta could has a better control over her finance and ensure that she does not overspent her income. This would help her obtain financial security before the time of her retirement.
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