Bout 6k
What’s the minimum amount that should be kept in your checking account at all times?
- Thread starter Sad Bunny
- Start date
Or just not making a livable wageAverage American only has $500 because they spending their money trying to floss on the next person and going on expensive vacation destinations just for showing off on social media.
Cap doesn't require one to read
tree fiddy
BaldingSoHard
Veteran
It's a money market acct available to Charles Schwab customers. If you're not a customer, there are probably some other money market funds that have similar characteristics that you can use.
MegaTronBomb!
Power is in my hair nikka
It has more to do with how many people have anchored themselves into simply not having money as "normal", and lifestyle creep eating up all the potential money they could save.
People will legit incur unnecessary expenses simply because they can "afford" it.
Let's not even talk about "Girl Math"
dora_da_destroyer
Master Baker
I didn’t know about this. Been with Schwab for like 6 years. Always kept my large savings elsewhere, but now I might have to fukk with this money market fund
There should be a ladder system 3 months of basic expenses in checking 3 months in savings and six months in a money market account.Do you agree with this below?
———————————————-
“A common rule of thumb for how much to keep in checking is one to two months' worth of expenses. If your monthly expenses are $4,000, for instance, you'd want to keep $8,000 in checking. Keeping one to two months' of expenses in checking can help you to stay ahead of monthly bills.”
How Much Cash to Keep in Your Checking Account (vs. Savings)
Checking and savings accounts can help you reach different goals. It's important to know how much money you should keep in each one.time.com
Note: In 2020 the Federal Reserve reportedthat only 64% of Americans had enough money on hand to cover a $400 emergency.
I keep a minimum 700 in my account at all times
aXiom
Maximized Potential
sometimes it be like that..I spend a lot sometimes and want to be able to payoff my credit card expeditiously
Example:
In the past week or two
My dog had surgery
Car needed tires and brakes and my AC serviced
Wife copped Usher tickets and Roots picnic tickets
I booked a flight for July
I might cop the ultra watch
And I might cop a MacBook
i use a credit card. I just like to pay it off daily or weekly not monthly because I was bad with my credit card in my 20s so I don’t trust myself
I pay mine off the same day sometimes when I buy shyt. I made four payments today alone
I’m a little OCD
50k @ apple/gs @ 4.25%
3k @ wf for bills
10k @ chase for whatever i wanna splurge on
Yeah I like 2-3 months of expenses in the checking.
I have a discover account for savings. 4.30 %.
The average American has under $2,000 in their checkings.
of course TheColi as usual lies
of course TheColi as usual lies
I’d say $5kDo you agree with this below?
———————————————-
“A common rule of thumb for how much to keep in checking is one to two months' worth of expenses. If your monthly expenses are $4,000, for instance, you'd want to keep $8,000 in checking. Keeping one to two months' of expenses in checking can help you to stay ahead of monthly bills.”
How Much Cash to Keep in Your Checking Account (vs. Savings)
Checking and savings accounts can help you reach different goals. It's important to know how much money you should keep in each one.
Note: In 2020 the Federal Reserve reportedthat only 64% of Americans had enough money on hand to cover a $400 emergency.
The average American doesn't post on hyper niche internet message boards, especially in 2024The average American has under $2,000 in their checkings.
of course TheColi as usual lies
We got receipts to prove it.The average American has under $2,000 in their checkings.
of course TheColi as usual lies
How about you broke boy?