Author Topic: How much do you keep in cash?  (Read 22806 times)

snellbert

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Re: How much do you keep in cash?
« Reply #50 on: March 19, 2013, 12:03:57 AM »
Very interesting spread! I think I may settle on keeping around 10k of expenses in cash, because I'm a bit of a wuss, but still thinking. :)

Ozstache

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Re: How much do you keep in cash?
« Reply #51 on: March 19, 2013, 12:14:31 AM »
I've got over $100K in cash, but that's because I'm staying cashed up for a potential property investment. If the share market takes a big tumble, I might just divert the money into that. At least here in Oz, my cash account attracts just over 5% and is in my low income wife's name so tax is negligible.

Freedom2016

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Re: How much do you keep in cash?
« Reply #52 on: March 21, 2013, 08:13:51 AM »
We have close to $30k sitting in various basic savings accounts, though some are sinking funds for taxes (I'm self-employed) & planned expenses. I prefer having a bigger cash cushion because my income is quite variable month-to-month. I'm working on smoothing out my income so we don't have as many highs and lows but until we do, I'm unlikely to do anything differently.