Why have all of these accounts with one nearing a zero balance? First, let me define my concept of a zero balance account – it’s a checking account that, after all bills are paid for the month, equals out to zero dollars or some very small amount (usually under $200).

Saving money can often seem like a constant battle. At times, your income can barely seem to cover your outgoings and the money just disappears as fast as it hits your bank account.