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Reply to "Savings of 2K, better spot than checking"
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[quote=Anonymous]Question: What would you suggest for 2K savings that we want access to? Currently, it sits in our checking account for 2 purposes -Part of a larger emergency fund -The modest emergency fund sits there to help with cash flow. We don't have to worry about when large payments hit, when income exactly arrives. But 2K of it, we realize, or maybe even more.. we don't need sitting there. We still want it accessible as part of the emergency fund. But it's not needed as we analyzed the last 12 months. Easy to do, we figured out the lowest the balance ever got was precisely $2,123, and that was really abnormal. Must have been a late paycheck / bigger bi-annual bills just hit or something. Probably not even necessary to be that low, but again, we don't worry due to the extra money sitting in checking.[/quote]
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