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Is it smart to keep only a small amount of money in my checking account?
Is it smart to keep only a small amount of money in my checking account? I've been following a strategy where I purposely keep only $300-500 in my checking account at any given time. I use my credit card for most of my day-to-day purchases and pay it off in full every month. After paying my bills and rent, I transfer the remaining funds to my savings account. This way, I minimize the risk of losing all my money if my...
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