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Report: Numerous accounts can help your save

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We all need to save more money. That’s no secret.

But ABC News may have found an easy way that will help us all save something for a rainy day: compartmentalizing money.

Whether it’s keeping cash in different portions of a wallet or opening accounts for specific uses, most have noticed an easier time saving when money is designated for a specific item or category.

One family was able save more than $14,000 while cutting debts by nearly $30,000 after they opened 10 different savings accounts.

Do you think this process would work for you?

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