Tag: Savings account

According to a recent survey, nine out of ten consumers have checking accounts. Despite this familiarity, the subject of how much to save in one's savings account remains a personal finance enigma for many. If you reach $5,000, it's feasible that some of the money in your checking account can be put to better use elsewhere. Here are six alternatives to consider. Don't Worry If Your Expenses Are Lower Than $5,000 To provide yourself a 30-day cushion, Northwestern Mutual recommends storing around a month's worth of take-home pay in your checking account....