I just transfered a hefty $500 into my HSBC Direct savings account. Yeah. I knew I would be using part of my bonus check to put a large chunk into savings, and I hadn't planned on a number, and just now, on a whim, I decided I should do it. So I did. I picked $500 because it sounds like a lot, but it's a number I feel totally comfortable taking out of checking (which, by the way, is ridiculous to me -- I've never even HAD $500 in my checking account that wasn't already designated for specific bills/rent!), and it feels somewhat substantial.
I'm planning on adding more soon -- I'm trying to figure out my plan for savings. Now that I've paid my parents back, I get to really kick the savings plan into gear. But I'm not sure yet if I want to do one account or two. I definitely want to make my existing account into my Official Emergency Fund, but I might want to have a separate fund that's a "for fun" account. Savings for vacations, shopping, etc. I'm pretty sure that's what I'll do (provided I can do it at HSBC, which I'm not sure of...may need to call customer service), but I haven't 100% decided yet, nor have I decided how much $$ per paycheck I'll allocate to each account if I do split them.
Thoughts? Do any of you out there have multiple savings accounts? If so, how do you allocate money across the accounts?