Join Early Retirement Today
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

Thread Tools Search this Thread Display Modes
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...

Scrooge is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
A different twist on emptying your checking account Nords FIRE and Money 9 05-05-2007 05:58 PM
ING offers checking: "Electric Orange" account free4now FIRE and Money 16 01-26-2007 01:38 PM
Anyone keep a lot of money in their checking account? daverph FIRE and Money 29 12-16-2006 01:24 PM
VanguardAdvantage Checking Account TromboneAl FIRE and Money 6 10-26-2006 12:42 PM
Checking Account mickeyd FIRE and Money 9 09-09-2006 04:13 PM


All times are GMT -6. The time now is 09:59 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.