In our net worth, I have a series of earmarks, and I’m wondering what your thoughts are on getting rid of them.
Here’s a brief rundown of how my ‘system’ works when it comes to earmarks.
We keep money between an ING Direct savings account and an Ally Demand Notes money market account to cover the following:
- Emergency Fund
- Future New Car Fund
- Vacation Fund
- Electronics / Furniture Fund
- New Roof Fund
- Car Maintenance and Repair Fund
- Escrow Fund (we pay our own property insurance and taxes)