We are almost a mirror image of you except my wife is the one pushing for huge bank accounts. We had 250k and I just dropped 100k on a car and she flipped her lid - wanted me to get a loan instead! Now we're at 150k and she's like constantly nervous. Makes no sense... the money is getting inflated away

We have 60k in cash. Both Dh and I work. Our combined base salaries is 340k and we have two kids in daycare.

Anonymous wrote:We have a about 600k in money markets - basically cash. Just concerned the market will crash further. It’s very tough to make allocation decisions at the moment.

Wow thats a lot of cash. What's your total liquid amount?

Anonymous wrote:We have about $20-25k liquid. I joke with DH that we’re living paycheck to paycheck (on our $500k income). It’s better for us that way.

So clever

Not more than $20k. We can always sell stocks in any emergency. Both of us would get 2 months of severance if jobless.

We have a about 600k in money markets - basically cash. Just concerned the market will crash further. It’s very tough to make allocation decisions at the moment.

Why keep cash? Get a several hundred thousand dollar HELOC. Use it like an emergency fund.

$30k. If we need more we’d just sell some bonds or stocks. Stupid to sit in lots of cash.

Anonymous wrote:I am talking about just checking/savings accounts.

Our burn rate is about $11k/month.

Combined income is $420k.

Both of us have very secure stable jobs but in the private sector.

We have $150k in liquid and DH doesn't like to go below that, and I think it's too much.

What do you think?

Split the difference at $70K. That’s 6 mos of expenses and should be fine based on your jobs.

Anonymous wrote:We're fairly conservative and keep about a year's worth of expenses in cash. That also gives us an opportunity to buy when the market dips and there are deals.

Same here. I figured out a stripped down emergency budget and saved a years worth. I also use it as a cushion for big unexpected things, but immediately replenish. That budget for me is $80k

We're fairly conservative and keep about a year's worth of expenses in cash. That also gives us an opportunity to buy when the market dips and there are deals.

We have one fed, one private sector. We built our EF around the idea that the fed isn't going to lose their job, so we have enough in cash to keep our household afloat for a year on a "things are tight" budget with just the higher income missing. That translates to about $50k. I didn't even like having that in cash so we've been shifting it to I bonds.

We have around $400k, but tend to have big expenses that we need to reserve for. At the moment I don't mind being heavy in cash.

We have about $20-25k liquid. I joke with DH that we’re living paycheck to paycheck (on our $500k income). It’s better for us that way.

I am talking about just checking/savings accounts.

Our burn rate is about $11k/month.

Combined income is $420k.

Both of us have very secure stable jobs but in the private sector.

We have $150k in liquid and DH doesn't like to go below that, and I think it's too much.

What do you think?