OK to combine savings and checking?

Dear Dave,

I have a money market account that I use as both my checking and savings account. I have a debit card and check-writing privileges with the account, and I get a better interest rate on my money. Is what I’m doing a good idea, or is it better for some reason to have separate savings and checking accounts?

Bonnie

Dear Bonnie,

It’s always good to have a physical and emotional boundary between your savings and the everyday funds in your checking account. This...