(Closed) How much do you keep in checking?

posted 9 years ago in Money
  • poll: How much do you try to keep in your checking account?
    $0 to $250 : (24 votes)
    26 %
    $251 to $500 : (14 votes)
    15 %
    $501 to $750 : (4 votes)
    4 %
    $751 to $1000 : (8 votes)
    9 %
    $1001 to $1500 : (11 votes)
    12 %
    More than $1500 : (30 votes)
    33 %
  • Post # 3
    359 posts
    Helper bee

    I’m an anal-retentive budgeter.  I’ve got my finances mapped out through 2011, and generally fleshed out through 2012.  Everything is in a self-updating Excel spreadsheet, so every penny is accounted for.  No surprise bills (other than car work), so no need for a whole lot of extra.

    Post # 4
    1536 posts
    Bumble bee
    • Wedding: April 2011

    We just keep our day-today spending money in chequing. Usually it ends up being that we pay the bills, transfer whatever we’ve decided on for the savings account, and then leave the left over cash in the chequing to spend on gas, eating out, coffee, etc.

    Post # 5
    2829 posts
    Sugar bee
    • Wedding: June 2011

    We try and keep a float between 1500-3k in our chequing account as our savings account is high interest and we get penalized if we make more than one monthly withdrawal or transfer. Excess usually goes into savings. However, we keep the majority of our money in our TFSA accounts.

    Post # 6
    10285 posts
    Sugar Beekeeper
    • Wedding: October 2011

    Enough to cover living expenses and spending money. We normally always have around $1500 in checking (unless it’s that dreaded time if the month that we refer to as “poor week”). The rest of our money sits in various savings accounts or in our new swanky fire safe that Fiance got for Christmas.

    Post # 7
    2714 posts
    Sugar bee
    • Wedding: May 2012

    I keep around $1k in my checking acct to pay the bills and for day-to-day purchases, anything over that gets dumped into my savings.

    Post # 8
    6009 posts
    Bee Keeper
    • Wedding: May 2009

    We just do an auto-transfer of a certain amount into our savings every month and leave the rest in checking.  If we get a ridiculous amount built up in our checking, we make an extra big deposit one month into savings, but we never draw from our savings into our checking account.  It’s only there for emergencies, so we probably keep more in our checking than the average person.

    Post # 9
    2870 posts
    Sugar bee
    • Wedding: March 2011

    I usually keep about 1500 in checking just incase, the rest goes in savings.

    I wish I had more to put in there though!Money mouth

    Post # 10
    6350 posts
    Bee Keeper

    Fi freaks if it gets below 5K. I have my own personal account and I spend til it’s gone. He also has a personal account that he can spend as he likes but he tends to save more of it and then give it to me when I”m broke. I should mention he has a good paying job and I only work mother’s hours.

    Post # 11
    3165 posts
    Sugar bee
    • Wedding: October 2011

    i have a high yield checking acct so i use that as my savings acct and keep it all in there so it’s definitely padded.

    Post # 12
    2867 posts
    Sugar bee

    Most of my cash is in savings, like all but what I need to pay for bills.

    Post # 13
    4802 posts
    Honey bee
    • Wedding: August 2012

    I only keep daily spending money in chequing…so at each paycheque I usually make sure there is $200 in there.  I pay my bills, put money aside for my mortgage, and then put the rest in savings.  I use my credit card for all the purchases I can during the month so I can build up airmiles, then pay it off each month with money from either chequing or savings.

    Post # 14
    1227 posts
    Bumble bee
    • Wedding: October 2011

    I like to keep around $2,000 – $3000 in checking. If there’s something big I need to pay for, I like to have that amount at the ready so I can just use my debit card. But, I recently quit my nice paying job to attend school and work only parttime (unfortunately at a much lower wage). So I expect I’ll start keeping only about $500 in there.

    My Fiance and I haven’t combined finances yet, so this story may change once we do!

    Post # 15
    169 posts
    Blushing bee
    • Wedding: September 2010

    I usually just keep some for bills and a little cushion of like $100-$200 for emergencies, I always use cash so I usually just use my checking account for my direct deposits, and paying bills, and gas, the rest gets put into savings, and I take out a set amount for spending money the beginning of each week.

    Post # 16
    9053 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    We usually don’t dip below $1000.  We have complete automated billing, so $1000 means we don’t have to pay much attention to it, and can cover any bill that comes in any day.

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