You must be knowledgeable about savings accounts. In other words, they are called a rainy day fund that you can fall back on when unforeseen expenses arise. Savings accounts are built to meet personal expenses. A general rule of thumb says that it must have a size worth three months of living costs, meaning you must have stowed away money that can cover all essential expenses for at least the next three months. Such a huge size of a rainy … Continue reading “Why Do You Need to Open a Savings Account for Your Business?”