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banking and auto ?/?

health savings account
junkfood1 asked:


I have a checking account, savings, vaction, should I open a savings account for auto. It would be for car parts. Im makeing 8.75 and live at home so I want to save as much money. How much should I put away a month for my auto. My car repairs are like 400 to 500 dollars.

My bills are

rent 200
health insurance 67.00 each pay check
gas 1-100
retail 50-75
vacation fund 60 a month.

Skye Chesbro

One Response to “banking and auto ?/?”

  • Judy:

    That’s a lot for health insurance.
    Have you ever considered a high deductible plan?
    You sound young enough.
    A high deductible example is:
    You only pay 800 for health insurance a year if you are young and single.
    Your deductible may be $3,200 – out of your pocket before your expenses are covered at 100%.
    Some companies call this catastrophic coverage.
    You just need to make sure you have $3,200 in the bank in case of emergency.
    Just a thought.
    /

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