re: Do you compartmentalize your savings? If so, how do you do it?

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Not a MT expert, but I do for the most part. I have a larger rainy day fund account at a credit union then I have a series of sinking fund/savings accounts through online banks that get funded through each paycheck automatically. New Car Savings Christmas Vacation Car Maintenance Insurance Some may view these as just expenses but if they are irregular expenses only occurring a few times in a given year, I set up an ongoing savings account for it.

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I do something very similar. I don't escrow so annual costs like taxes and insurance go into my savings and then I pay at end of year. I basically have 1 main savings account and then I maintain a spreadsheet that breaks out what the balance is intended for:

Insurance and taxes in home
Travel fund (though don't really get to fund much any more with 2 little ones)
Misc car/house expenses (for when shite happens)
New car
Baby needs (clothes, cribs/beds, furniture, etc)
Remaining general savings

I distribute certain amounts each month to each fund, and just track on a spreadsheet.