The benefit of having a checking account for daily expenses and a savings account for emergency funds is that the separate accounts provide a barrier preventing you from accidentally spending money that should go to funding your future. Goal-setting accounts work the same way. A goal-oriented account allows a consumer to set a specific financial target, figure out how long it will take to reach that target and slowly sock away money in an account far away from the temptations of everyday spending. Any other benefits that you can share?
