Reported about 1 year ago
Deciding how much money to keep in your checking account is essential to cover monthly bills and prevent overdrafts. While there is no specific rule, experts recommend having one to two months' worth of expenses in your account as a buffer. It is advised to consider putting extra funds in high-yield savings accounts, certificates of deposit, money market accounts, or investments to prevent losing money due to inflation and to help savings grow.
Source: YAHOO