How much do you keep in your checking account?

[Anonymous]

40k is our zero. Pay extra 3500 on mortgage every month

[Anonymous]

$100k

[Anonymous]

Anonymous wrote:40k is our zero. Pay extra 3500 on mortgage every month

Wow. $3500 is more than I net each month. Just curious what type of jobs you have?

[Anonymous]

Between $25k and $30k. I know it’s too much but I hate worrying about whether I might overdraft. And the savings account wasn’t getting much interest either, so what’s the point f moving it?

[Anonymous]

We let it build until it gets to $50k, then dump $25k into a mutual fund and start over. I like having a cushion in there. We pay our credit card bill in full every month and sometimes that’s close to $10k…then mortgage, daycare, etc.

[Anonymous]

I keep less than 1000 in my checking account. Savings account is a different matter- I recently had as much as 50k but I've put some of it to work in other assets that pay more interest ?ibonds, cd's), right now I'm at 10k.

[Anonymous]

We keep 30k in a joint account and 10-15 k each in a personal spending accounts. This sum represents our emergency fund. Don’t bother with savings accounts due to the low interest rates. I’m seeing that this is not the norm! Perhaps it’s time to re-evaluate things.

[Anonymous]

$1k minimum here. It's enough to make me comfortable. Otherwise, I have better uses for my money than letting it sit in a checking account.

[Anonymous]

Once it hits $50k we transfer enough to get down to $15k and then start over.

[Anonymous]

4-8k depending on what expenses I have. Everything else transferred to savings

[Anonymous]

Anonymous wrote:

Anonymous wrote:40k is our zero. Pay extra 3500 on mortgage every month

Wow. $3500 is more than I net each month. Just curious what type of jobs you have?

i am a fed contractor. he is gov. we live like we make 30k a year. we are super cheap people. no $$ from parents/inlaws, etc.

neither of us make a ton of $$.

[Anonymous]

Anonymous wrote:We keep 30k in a joint account and 10-15 k each in a personal spending accounts. This sum represents our emergency fund. Don’t bother with savings accounts due to the low interest rates. I’m seeing that this is not the norm! Perhaps it’s time to re-evaluate things.

I am the PP before you- I have a long standing checking account at cap one that pays pennies in interest. At some point I opened a savings account at discover bank that paid 0.5%, better than pennies. Its now paying 0.7% however brokered CDs and ibonds are paying a lot more so I've transferred most of it out.

[Anonymous]

We have about 20k in expenses every month, so we like to keep the checking account in the 30-40k range.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:40k is our zero. Pay extra 3500 on mortgage every month

Wow. $3500 is more than I net each month. Just curious what type of jobs you have?

i am a fed contractor. he is gov. we live like we make 30k a year. we are super cheap people. no $$ from parents/inlaws, etc.

neither of us make a ton of $$.

Do you have kids?

[Anonymous]

Enough to have a month's worth of expenses at the beginning of the month -- usually around $6000 at the beginning of the month because our mortgage, credit cards, daycare, etc are all due at the beginning of the month.