3 Bank Accounts Everyone Needs To Have, According to Rachel Cruze

Core Insights - Rachel Cruze emphasizes the importance of utilizing bank accounts effectively to maximize financial benefits, recommending three specific types of accounts for better money management [1][2]. Group 1: Recommended Bank Accounts - Primary Checking Account: Cruze suggests having a primary checking account for income deposits and bill payments, likening it to a "BFF." She highlights the importance of utilizing banking alerts to monitor account activity and avoid overdraft fees [3][4]. - Emergency Fund Savings Account: The second recommendation is to establish an emergency fund, starting with $1,000 and aiming for three to six months' worth of expenses. This fund should be kept in a high-yield savings account, reserved strictly for emergencies [5][6]. - General Savings Account: The final recommendation is a general savings account, which should be separate from the emergency fund. This account is intended for additional savings for future expenses such as a vehicle replacement, vacations, or holiday gifts [8].