Emergency Savings Account
What would you do if you needed $500? Maybe this is the cost to fix your vehicle, paying the deductible for an accident or paying for something you accidentally broke.
Regular Savings Account
This is a savings for wants and scheduled needs. This would cover playing sports, buying a prom dress, buying pizza and other things.
Retirement Savings Account
This is your savings for when you retire. You probably aren’t worrying about it now but please read this article and chart – Teens can become millionaires