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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] Common advice is to have 3-6 months of expenses as an "emergency fund." I haven't had this in years, though, since we have well over a million in non-retirement Vanguard index fund investments. Yes, they can drop in value, and they have in the past year or so, but they're still there in case of any emergency. In the mean time, they can earn some more money than a savings account. [/quote]
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