Checking vs Savings Account

Checking vs Savings Account: The differences explained in simple terms. Chances are you have both a checking and a savings account at your bank or credit union. But do you know the main differences between a checking account and a savings account? In this video, I go over what makes these two essential accounts different and how you should use each to manage your money in the most effective way.

What types of accounts do you use? Let me know in the comments.

Money Market Accounts Explained:    • Money Market Accounts Explained  

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The Habit That Changed My Life:    • The One Habit That Changed Everything...  

My Debt Free Story:    • How I Paid Off My Student Loans  

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FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.