Let’s talk about float. As I’ve defined it before, float is the money in your checking account that is above and beyond your paychecks. It is a cushion for your day-to-day balance changes. Having adequate float in your account is … Read More … Read More
float

Why overdraft charges are okay (but unecessary)
Overdraft charges are the great irony of banking. You get charged a fee when you try to make a purchase and you don’t have sufficient money in your account. It would almost be a joke if it weren’t so … Read More … Read More
Tags: banks, emergency fund, expenses, finances, float, overdraft, sinking funds

Why it may be worth spending more for simplicity
(Meta-note: 100th post!) I was having dinner with a friend recently, and at one point we started reeling off the “obvious” pithy financial wisdom we knew. Things like “spend less than you make” “invest in index funds” “avoid fees,” … Read More … Read More
Tags: car insurance, float, simplicity

Draw your money graph

How much float do you need?

Why you need float in your account
If you’re most people, you have a single checking account that you use as your primary reserve of money. (If you don’t have a checking account and live out of the contents of a cookie jar, that’s a little … Read More … Read More
Tags: budgeting, checking account, float, money