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Reply to "Family of 5, appx $300K HHI - would you do anything different? "
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[quote=Anonymous][quote=Anonymous]OP again - everyone is being very helpful. What is a normal amount of cash to have in your bank checking? I probably have a higher amount (but dwindling). For example would you balk at $50K. What do you all have? [/quote] In your checking??? Why? It's not gaining interest there. Checking should be enough for monthly bills and a little extra. Then have an immediate savings account for longer term expenses like home repairs, emergency fund, vacations, etc. HYSA (High Yield Savings Account) for larger savings ($10k+)[/quote]
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