▲ 446 r/personalfinance
How much is recommended to have sitting in checking account?
Basically what the title says. I have almost $20k just sitting in my checking account for spending & emergencies, and I know I should probably invest some more of that. Is there a good rule of thumb on how much to keep there & how much of it to invest? For context I have no debt, possibly getting a new car soon, I’m 24, and make roughly $96k.
u/Mammoth_Musician2773 — 5 days ago