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Reply to "How much is in your checking account on average and what is your HHI?"
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[quote=Anonymous][quote=Anonymous][b]What's the interest rate of your checking account? If it's less than 0.5%, put in smart pig! ally,etc? Are you maxed out in 401k? That's a lot of cash on hand unless you have medium risk job. [/b] [quote=Anonymous]Where are people keeping their emergency funds if not in a checking account? We keep 60,000 in our checking acct as the emergency fund, which is about 4 months of expenses for us. Where else should we put it? Savings accounts pretty much earn no interest now.[/quote][/quote] We max out 401K. Have no savings other than the emergency fund and the 401K. We've paid off 300,000 in student loans in the last few years so that's where all of our money has gone. Just saved this emergency fund last year, didn't really think about putting it anywhere other than a checking account. Main breadwinner has a fairly secure job - if let go would have about 6 months severance.[/quote]
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