Having a savings account is useful because it allows you to put money in a separate account that collects interest. When your money is your checking account, you are more likely to spend the money because it has easy access. If you are having to transfer money from a savings to a checking account, you may decide to not spend the money because you have more time to think about it. When your money is in the savings, you have a better chance of having more money for the future.
