Originally Posted by
FangsF15
I will simply say this. These days, nearly every bank allows you to set up 'automatic' transfers. I have at least 10 different no-fee checking/savings accounts at 4 different banks (granted, several are for my wife's S-Corporation). It's pretty easy to 'set and forget'. but i get what you are saying about having the discipline to let it grow, if thats an issue for some folks.
All valid and reasonable. I guess my point is that sometimes lack of liquidity can be helpful. If cash is harder to access, it's harder to spend haphazardly. I'm certainly not attempting to argue against mathematically correct and/or disciplined approaches. I would say that taming the impulse of spending by immediately directing discretionary cash to pay down debt can be, and often is, helpful.