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re: How much of a "cushion" do you leave in your checking account after paying bills
Posted on 6/19/13 at 4:36 pm to Tiger n Miami AU83
Posted on 6/19/13 at 4:36 pm to Tiger n Miami AU83
Too much. I've maxed out my Roth IRA for 2012 and 2013, but I have no desire to set up a personal investing account right now. The most I would do is put it in a money market...I'm very risk averse in that I like having a good lump sum for protection. I do have some more aggressive investments but that is money I expect to go play ball.
In the next couple of years, I'll either go to school and use the cash for living expenses to limit loans or I'll buy a house and cover a nice downpayment with the cash.
In the next couple of years, I'll either go to school and use the cash for living expenses to limit loans or I'll buy a house and cover a nice downpayment with the cash.
0
Posted on 6/19/13 at 5:12 pm to TDsngumbo
$1,000 for both accounts.
Posted on 6/19/13 at 6:09 pm to dlmast87
$1,000
The rest goes to 401k or paying off debt.
The rest goes to 401k or paying off debt.
This post was edited on 6/19/13 at 6:10 pm
Posted on 6/19/13 at 7:32 pm to LSUtoOmaha
$25k
Posted on 6/19/13 at 9:35 pm to cjared036
I keep $10K at 3.5%.
Posted on 6/19/13 at 11:32 pm to LSUtoOmaha
quote:this is pretty much me. School loans set me back a little bit, or else I'd be building some nice wealth right now (for my age and cost of living). I just wish I could get rid of these sooner and start some real investing. I'm only maximizing up to company match for 401k right now.
$1,000 The rest goes to 401k or paying off debt.
School loans are much higher rate than I can earn elsewhere.
Posted on 6/20/13 at 9:27 am to GoHoGsGo06
I aim for $1000 left in my checking acct after all bills are paid. This is with automatic payments into my 401k/roth each paycheck. I will typically adjust my spending habits one way or the other based on how I come out each month. I noticed I was spending a lot more money on things that I really didn't need when I was keeping 2-3k in my checking after bills.
Posted on 6/20/13 at 12:01 pm to Teddy Ruxpin
quote:
Because if you have a Chase Freedom and a Chase Checking account, you get a 10% bonus on your points every year. $1,500 is the minimum you need to avoid fees on the account. Kinda wondering if its worth it for the money to just sit there being a portion of my emergency fund.
If you dig around you will find a $200 cash bonus offer on the checking if $1500 balance is maintained for 6-months, or maybe that is because they just like me as a customer.
Posted on 6/20/13 at 5:55 pm to Zach
quote:
The interest rates are .000000000001%.
I have no debt to pay off.
Not much but some money markey accounts are .5%. And you can still manage it online and write checks from it. That's $110/ year lying around. Very little, but something.
Posted on 6/21/13 at 8:30 am to tirebiter
quote:
If you dig around you will find a $200 cash bonus offer on the checking if $1500 balance is maintained for 6-months, or maybe that is because they just like me as a customer.
5/3 bank here in TN just gave me $150 for switching a business account to them, with $1500. Really won't keep much more than this in there on the reg, so 10% on $ was great. Like 0.18% APR
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