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View Poll Results: If you don't reconcile your checking account but rather rely on having a "cushion" in your
Less than a quarter of my monthly checking account spending 13 15.48%
Less than half but more than a quarter of my monthly checking account spending 8 9.52%
Less than once but more than half of my monthly checking account spending 13 15.48%
More than my monthly checking account spending 24 28.57%
I reconcile and/or don't keep a cushion. 26 30.95%
Voters: 84. You may not vote on this poll

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Re: How much cushion do you leave in your checking account
Old 09-10-2006, 09:57 PM   #41
Recycles dryer sheets
Join Date: Jun 2006
Posts: 473
Re: How much cushion do you leave in your checking account

I too have over $10K in my checking account, but for a very different reason. I am a roaming consultant and when my roaming takes me out of state, which happens about 50% of the time, my monthly expenses can be quite high. Of course, the client eventually reimburses me -- and I even break even when I get that $300 check from CC cash back at the end of the year -- but in the meantime I have to pay the CC bill from my own funds.

Hm, now that I am thinking about it, I should probably link the CC to my HSBC or EmigrantDirect accounts and keep $10K there instead of my local bank. The latter's interest rates are, er, not exactly competitive. Let me check if HSBC/ED offer this service...

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