Seriously. I have never really put much thought in to how much money I should be consistently keeping in my checking account. If you follow my net worth updates, than you’ll notice I have mentioned trying to keep about $1,000 in this account at any given time.
Ask me where I came up with the idea that $1,000 was a good number. I have no freakin’ clue, I guess I just pulled it out of thin air one day. I got to thinking maybe, I have waaaaay too much chillin’ in my account, after all it could be earning 1.5% interest in my online savings account. Or maybe I don’t have enough? Should I be keeping a mini-emergency fund available at all times, say $2K-4k?
Maybe, just maybe, I’m doing this checking account thing all wrong. Shoot it’s kind of like wiping your butt. Have you ever thought maybe you wipe your butt wrong? Seriously, it’s not like you would know that you have bad butt wiping form. Maybe you are a front to back wiper, when the rest of the world goes back to front. Do you go in between the legs? Or sneak attack from the back?
Although, $1,000 seems to have worked just fine for me over the last couple years, I’m curious how much you all keep in your checking. Do you go with a set dollar amount? Do you keep “x” amount of months expenses in it? Do you keep as little as possible in there so you can earn interest on the rest? Contrary to what you may be thinking, I am not concerned with your butt wiping rituals, but would love to know your checking account routine.