How to create buckets in an Ally savings account

Ally has just added the ability to create Buckets, flexible sub-accounts that allow you to save for particular goals. Here’s how to use them. I guess you could say that I’m a pretty big fan of Ally. Maybe it’s that … Read MoreRead More

When to create a savings bucket

A bucket is my term for a savings account, used for either one-time or ongoing purchases. It’s certainly not a standard financial term. I don’t see it used much on personal finance sites. But the analogy should be clear enough. … Read MoreRead More

Ally now makes it easier to set up multiple savings accounts

Ally has changed the way that you can create multiple savings accounts. This can make your savings plans much easier to implement. Update (February 2020): Ally now allows actual buckets! Read my review here. I’m a big fan of Ally. … Read MoreRead More

Purple flower

How to open a savings account with Ally

(Note that I don’t receive any commissions for posts like this. This is just, like, my opinion, man. Nevertheless, please read my disclosure policy.) For the longest time, the standard for an online savings account was a bank called ING Direct. … Read MoreRead More

Red buckets

Where to put your buckets

[Hi all. I’m at FinCon this week, and while I wanted to write a post about it while I’m here, it’ll have to wait until I get back. In the meantime, the show must go on!] I’ve talked about the … Read MoreRead More

Bucket being filled

How to pay for non-emergencies

We know what an emergency is. It’s an incident that is both unexpected, urgent, and unavoidable (and unfortunate). When you have an emergency, you use money from your emergency fund. (And if you have debt, here’s how you can still … Read MoreRead More