How much do you keep in your checking account? (taxes, range, investments)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I live paycheck to paycheck. There is 0% interest on checking. What I do is with any left over money, I transfer to savings. That help me pay our annual car insurance.
Here is a problem, if I gas up our car at costco, if you have just under $100, costco won't allow you to pay with your debit card, even though you have the funds to pay!
I don’t know what is the point of having thousands in checkin. Why not move it savings?
Well ..semi fair question. My savings account penalizes if I do two withdraws a month from it. This includes when a check was overdrawn and is linked to the savings for protection .
In the mist of a stop payment on a check, the bank still funded it since they said I had check protection. It was a fiasco to get the fees and funds restored. Lesson learned that a bank doesn't have to honor the stop check despite paying the fee and giving notice.
I have two nickels and a dime in it at any given time ...that's my story and I'm sticking to it!
I don’t know what is the point of having thousands in checkin. Why not move it savings?
A better question is: Why bother moving it to savings?
I think some people waste a lot of time and energy managing relatively small amounts of money. All you have to do is read this forum to see examples of that every day.
I think we "make" (i.e. save) much more money by skipping meals on a regular basis than we would frantically searching for the next good place to put cash.
In my world checking is where you put money that you plan to spend. Savings is where you put money for the future
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Re
