What Is The Best Reason For Jacinta To Have A Savings Account In Addition To A Checking Account?

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Question

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.

Answer

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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