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How Much to Keep in Checking.

Authors :
VINCENT, ELLA
Source :
Kiplinger Personal Finance. Oct2024, Vol. 78 Issue 10, p51-51. 1p. 1 Chart.
Publication Year :
2024

Abstract

This article from Kiplinger Personal Finance discusses how much money individuals should keep in their checking accounts. The author suggests keeping enough money to cover one month of living expenses, along with a cushion for unexpected bills. Additionally, it is recommended to hold an additional two weeks' worth of living expenses in case of emergencies. The article also advises individuals to transfer excess funds to high-yield savings accounts or money market accounts to earn a better interest rate. [Extracted from the article]

Details

Language :
English
ISSN :
15289729
Volume :
78
Issue :
10
Database :
Academic Search Index
Journal :
Kiplinger Personal Finance
Publication Type :
Periodical
Accession number :
179120256