When should I transfer money from my savings account to my checking account?

When I get paid, my employer directly deposits my paycheck into my checking account. I was wondering if it's wise to transfer some of my paycheck money to my savings account. I'm a college student who goes to the ATM every week or two. I don't need money for food since I'm forced into the school meal plan. I know my money will be fine in my checking account, but I'm not sure if I can keep track of my money and make sure I actually SAVE my paycheck rather than squandering it all because I see that there's money I can take out of an ATM. Help?

When should I transfer money from my savings account to my checking account?
Transfer all you do not need into a savings account.





I would suggest an online savings account.


There are a lot of good ones out there offering 5% or better.





Here's a few to look into...


https://www.fnbodirect.com/01d/html/en/ currently paying 6.00%APY


https://www.emigrantdirect.com/EmigrantD... currently paying 5.05%APY


http://www.hsbcdirect.com/1/2/1/offer?co... currently paying 5.05%APY





All of these are safe and FDIC insured up to $100,000.


Transfers usually take 2-3 business days each way.
Reply:i believe the first person that should be paid is yourself so when you receive a paycheck take a set amount and transfer it to savings -- bear in mind you have an unlimited number of monthly transfer into savings but most limit withdrawals to a certain amount before charging fee!!!
Reply:You can specify a certain amount of your pay check goes to checking and some goes to savings.





Check with your employer. They have a form that you can fill out.
Reply:If the money is not needed in your checking account for payment of bills, then I would transfer most of it into your savings account. That way it's earning interest.