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As I have transitioned from slaying my CC's to establishing more savings, I am curious how granular others get with their savings. I have read the great posts on freedom accounts, thank you diana!

Here is the plan I am trying at the present time and I would love to hear what others think and what others are doing.

I am sending 25% of my paycheck to savings with the following breakdown:

20% - eFund
30% - Freedom Account
10% - Irregular Expenses
40% - IRA

Now, the reason my IRA percentage is so large right now is because I am trying to max my contributions by the deadline next year. Also, I have not really gotten to the granular part where I detail what composes the freedom account versus what composes the irregular expenses.

Right now, I am thinking that the freedom account will contain savings for home repair projects, car savings, etc. and the irregular expenses savings will account for things like new school clothes, car maintenance, etc.

I am sure these percentages will adjust as I find what is working and what is not working. But I am curious if others detail out exactly what composes their freedom account or how you have your savings goals defined.

I appreciate your feedback on my first attempt at this as well as your experiences of what has worked for you.

Thank you.

DT
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