Reported 1 day ago
Having $12,000 in your checking account may seem convenient for managing monthly bills, but financial experts suggest this amount could be excessive. It’s advisable to keep enough to cover one to two months’ worth of expenses and consider moving excess funds into savings or investment accounts to combat inflation and earn interest. With average checking account interest rates low, investing extra cash in higher-yield accounts or diversified portfolios may be a better option for your financial growth.
Source: YAHOO