<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Buffer

Buffer

September 9th, 2012 at 06:47 am

I used to keep a buffer of $1000 in my bill paying account. Kinda baby emergency fund, a la Dave Ramsey. Now that I have almost $10,000 in my FFEF that is unnecessary. I decided to keep $500 in there, as that is roughly the amount of my monthly bills, and transferred the rest to my Financial Independence account.

Posted in Savings | 2 Comments »

2 Responses to “Buffer”

  1. patientsaver Says:
    September 9th, 2012 at 12:16 pm 1347192985
    1347192985

    I'm trying to rebuild my so-called emergency fund in an online account; i think i have a few thousand in there, but in my checking account, I usually feel I'm covered with $5,000 or more in there, which is really more than I need. since i don't earn interest in the checking acct and there are no minimum account balnace requirements, i should really try to minimize the running balance and bring it down to maybe $3,000-$4,000 on average.

  2. Jerry Says:
    September 16th, 2012 at 09:33 pm 1347831231
    1347831231

    Isn't it nice to have developed accounts that lead to a backup for your backup!? That kind of financial redundancy is the best insurance against future fiscal stressors... great job!
    Jerry

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]