Over the years, as i learn more on how to manage my personal finances, it became more fun to me. Regular savings have become a habit and i have opened several bank accounts to allocate my money respectively. I have a spending account, an investment account, an emergency fund account and a monthly savings account. This is how i allocate my money: 1) Allocate around 6-9 months of my expenses into an emergency fund account. An emergency fund is important in case i need the money urgently. This is strictly for use during emergency time when i have not enough cash. 2) 60% of my monthly salary to my investment account This account is used to buy stocks of companies or invest in funds 3) 15% of my monthly salary to a savings account for higher interest. This account is to earn higher interest rates than a normal savings account. ......