GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
But the amount ofmoneykept in the bank matters since some accounts dont pay rates that help you beat inflation.
Herrecent YouTube videooffered some guidelines tohelp you avoid keeping too little or too much cash.
This shows the importance of having easily accessible money ready for emergencies.
According to Cruze, you should start with a $1,000 emergency fund.
While having more emergency savings, like one years worth, might seem smart, Cruze advised against it.
Youd likely miss out on higher-earning opportunities.
However, you should have enough to cover bills drafted from the account.
Cruze gave tips that can help you work out an amount.
She recommended budgeting so your checking account funds have specific purposes and adding a miscellaneous category for unexpected expenses.
Plus, she advised keeping a paycheck-sized cushion so youre less dependent on your next payday.
Watching your transactions and ending checking account balance can help you determine adjustments.
More From GOBankingRates
Share This Article:
