Savings
The best way to use savings for a business is, to the extent possible, plan for it. That is, plan ahead and begin to save now for the money you will need later. Of course, you may not be able to save everything you need, but every little bit helps. It also may be true that you don't have time to plan ahead and you need the money for your business now. That is fine too. Not ideal, but fine nonetheless.
The other thing to consider when using a savings account is the extent to which this money is your safety net. Again, be thoughtful. Be a businessperson and analyze the pros and cons carefully. Sure, it is exciting and fun to start a new business, but it is depressing and terrifying to not have any savings in the bank. Double-check your plan and willingness to take a risk. In fact, you may want to even consider not using all of your savings for your business venture and instead keeping, say, $5,000 or so in the bank. That rainy day fund will likely come in handy someday.
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