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by carucez 5602 days ago
It boils down to the relationship you have with your money.

  For me, bigger bankroll = higher score.
  For my wife, a bigger bankroll = more shopping.
The trick is to break your money up into several purpose-driven accounts and automate that.

2 Roth IRAs: maxed out (Vanguard S&P500 Index. 1 more year and it'll be 70/30 split with bonds).

1 brokerage: for fun, for research, for programming. Unfunded, no continuing additions. Go big or go home.

3 checking accounts: mine, wife's, joint - the paychecks

2 MMAs: mine, wife's - excess money must go somewhere. One of which is sub-divided into: health, gifts, emergency.

2 savings accounts: tiny siphons ($300/mo) that corrupt my sense of reality. It's money-out that looks like normal transactions.

Hacks: By having a high-deducible health insurance plan, I'm able to put 3k/yr that would have been my insurance premium into a health-related emergency fund. As long as I don't get injured in an at-fault car accident twice in one year, I'm saving tons of money

Edit: formatting.