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re: Amount of cash in checking account?
Posted on 6/18/24 at 1:38 pm to BigApple
Posted on 6/18/24 at 1:38 pm to BigApple
I like to keep just 2 to 3 paychecks worth as a cushion. When I see it drifting up close to 5 digits, time to move some over to savings - that wasn't a huge deal before interest savings got to the 3 1/2 to 5 % range, but it is now.
Something I don't obsess about, but I do think about it.
Something I don't obsess about, but I do think about it.
0
Posted on 6/18/24 at 1:40 pm to jchamil
quote:
You should have just led with this since it appears that's the info you wanted everyone to know
Like, "Am I saving too much for retirement?" and the big reveal is that ole boy is mid-40s with $5m in his 401k and IRAs.
Not-so-subtle brag.
(Full disclosure - I did have well over $100k sitting in checking when we were getting ready to buy a house...)
Posted on 6/18/24 at 1:43 pm to Ace Midnight
I like to keep around 25k in my checking account
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