How much cash should I keep in the bank_
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A lot of people question how much they should have in their bank accounts. The answer isn't a general one because each individual is different.
In a proper sense, the amount of money that you need to save is dependent on your financial situation and your saving goals.
It's recommended that you save up to 3-6 months of living expenses. And that's because if you lose your major source of income today, say, your job, that's the general interval of time it will take for you to land another one.
So, if your monthly expenses are worth $10, 000 then you need to have around $60,000 in your savings account.
Your saving goals also determine how much you need to save. You just need to calculate the amount you need to achieve your goals and break them down into considerable and comfortable amounts. Then run the race to reach your savings goals.
Whatever it is you do, check your budget, and work around it, then you will have a substantial amount saved for your expenses and probably certain emergencies
Good luck.
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