RE: How Much Money Do You Keep In The Bank and For What?
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I tend to keep some liquid cash. My budget includes about $100/mo as a buffer to avoid being crunched when surprise expenses pop up. As the balance grows, I will use the extra to make extra payments. Although I rarely use cash anymore, having extra cash in the bank also helps for those few instances in which I need to pull cash from the ATM.
I mostly spend on credit cards. Then I dump my paychecks into the credit cards.
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When you track how much money you are spending, it gives you information on how much money you need to do different transactions.
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