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...