Submitted by Nice_Historian_3072 t3_z7epwq in personalfinance
Tried to do some research and couldn’t find any advice on this. I generally keep only $300-500 in my checking account on purpose at any given time. I have a credit card that I use for normal day to day purchases for points, fraud protection, credit building, and other pros of using credit cards. After I pay it off every month and bills/rent, I put the difference in saving then keep my debit account relatively low. I’m paranoid that if I lose my wallet or get robbed, someone will try to drain my debit with no recourse from the bank, that’s why I use my credit card as a “debit card.” All of the websites I see say keep 1-2 months of expenses on there, which for me would be around 2-6k. I thought that’s what a savings account was for? Thanks