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re: How much money do you keep in your checking account?
Posted on 11/25/23 at 6:34 am to TDsngumbo
Posted on 11/25/23 at 6:34 am to TDsngumbo
Jesus after reading this thread I feel like I should keep more in my checking.
I let it get down to $150 before moving funds from savings. Theres usually about $350 free money at any given time. It’ll usually sits at $800-$1200, until my paycheck clears then i pay the Cc bill. Everything goes on a CC that gets paid off every time my paycheck clears.
I let it get down to $150 before moving funds from savings. Theres usually about $350 free money at any given time. It’ll usually sits at $800-$1200, until my paycheck clears then i pay the Cc bill. Everything goes on a CC that gets paid off every time my paycheck clears.
3
Posted on 11/25/23 at 7:25 am to TDsngumbo
No less than 6k. Normally 10-15k
Self employed.
My quarterly tax account makes me want to
(it's always my biggest account) 
Self employed.
My quarterly tax account makes me want to
(it's always my biggest account) 
Posted on 11/25/23 at 9:33 am to Pezzo
Less than $1,000 after the first of the month bills go through - Land mortgage, home mortgage.
After that, the regular bills that are automatically drafted don’t eclipse what I have leftover
I’m constantly transferring money from my checking to savings (4.3% interest rate).
After that, the regular bills that are automatically drafted don’t eclipse what I have leftover
I’m constantly transferring money from my checking to savings (4.3% interest rate).
Posted on 11/26/23 at 5:34 am to TDsngumbo
2 months of expenses unless I am about to make a big purchase.
Posted on 11/26/23 at 4:15 pm to TDsngumbo
I keep between $41,000-$42,000 in checking. Origin Bank pays 6% on checking, assuming you keep a minimum of $4,000 in the account, have at least 16 cleared debit transactions each month, along with a minimum of 1 direct deposit a month.
They do cap this at $40,000.
They do cap this at $40,000.
Posted on 11/26/23 at 6:25 pm to TDsngumbo
Probably 60k between 2 accounts but my wife and I both grew up extremely poor so we don't really spend $.
Posted on 11/27/23 at 11:40 pm to TDsngumbo
$4000-5000
Posted on 11/28/23 at 2:27 am to TDsngumbo
Checking account about $1000, savings account linked to my checking $500. Anything over those numbers after my bills are paid gets either invested into crypto, stocks, or high yield savings.
Posted on 11/28/23 at 10:04 am to Pezzo
quote:
Jesus after reading this thread I feel like I should keep more in my checking.
Some of these people must be rich as hell
I keep roughly $200 in my checking at all times if not less. Every payday Friday I sit down wiht pen and paper and write the balance as my starting point. I subtract all known recurring bills that will occur over the next 2 weeks to give me a remainder. I then subtract about $200 since that's what I want to be leftover at the end, and the number remaining is free to do whatever with. Typically I'll move that to a high yield savings, buy crypto, put some towards one of our existing investment vehicles, etc.
The way I look at it, money sitting there in my checking account earning nothing is essentially pointless. I would much rather move money to somewhere productive. The only reason I keep $200 left in there is if there is some kind of emergency that I need to venmo someone something quickly or something else unforseen.
Posted on 11/28/23 at 11:44 am to WG_Dawg
My haters are going to hate my number. $150k
Will be exchanging this FAKE fiat for a real asset (BTC)shortly like every month.
Will be exchanging this FAKE fiat for a real asset (BTC)shortly like every month.
Posted on 11/28/23 at 11:57 am to I Love Bama
quote:
My haters are going to hate my number.
why? who are your haters?
quote:
$150k
we are close. i have about 170k right now in checking. have to get a bunch moved to MMF, retirement contributions, after doing my last payroll, etc before end of year.
Posted on 11/28/23 at 12:00 pm to Fat Bastard
Just trying to trigger the BTC haters.
Why would you choose a MMF when you can do a MFF? Seems like more fun to me.
Why would you choose a MMF when you can do a MFF? Seems like more fun to me.
Posted on 11/28/23 at 12:29 pm to Pezzo
quote:
I let it get down to $150 before moving funds
Posted on 11/28/23 at 12:30 pm to I Love Bama
quote:
Just trying to trigger the BTC haters.
actually BTC is the ONLY crypto i hold. i use LTC sometimes to transfer money to a offshore bookmaker
quote:
when you can do a MFF
Posted on 11/28/23 at 5:09 pm to Fat Bastard
quote:Yeah, it's really just a matter of inflows/outflows and convenience. In early April our checking account gets silly high.
i have about 170k right now in checking
Posted on 11/29/23 at 5:29 am to NC_Tigah
Min. 17k and Max. 30k
Posted on 11/29/23 at 7:40 am to WG_Dawg
quote:A lot of us are self employed. If we don’t keep 50k or more in business checking we’re constantly moving money to handle monthly bills, quarterly tax payments, etc. consequently we keep a fair bit in personal from paying ourselves (tax purposes).
Some of these people must be rich as hell
10k in a month in expenses (not including tax payments) isn’t unusual. The numbers we keep in money market accounts to pull from when needed are the ones that would probably get your attention. That keeps us from pulling from our real assets.
Posted on 11/30/23 at 9:15 pm to TDsngumbo
I guess about $1500, I prefer to pull it out and put it into my high yield savings account
Posted on 12/1/23 at 6:47 am to TDsngumbo
Below $1000 I freak out. Above $3000 I move to my savings
Posted on 12/1/23 at 8:23 am to 75503Tiger
Sounds familiar
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