Apologies if this has been asked before. I hope to be debt free by Jan 18 and want to start saving after that. Before any long term goals, I need to save the fees for my masters (hoping to start it Sept '18 part time while working full time) and for emergency fund.
I'm not very clear on whether I should have 2 separate accounts for these and what sort of accounts?
At the moment, I have 2 current accounts. I get paid my salary into one and the bills come out of. I then transfer money set aside for day to day living to other so I'm not tempted to use the overdraft (the second one has no overdraft).
Since I'm trying to pay off my debts, I have stopped using CC.
Any advice on how I should go about this would be appreciated.