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How much money should I keep in my bank account ...

How much money should I keep in my bank account for emergencies?


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Don't sweat the petty things and don't pet the sweaty things.

Nearly all financial experts agree that it's important to have one, but none of them seem to agree about how much you should save. I think you need to ask yourself how much you would need to have tucked away to feel secure, and then make that the amount that you save in your emergency fund.


Posted 3 months ago ( permalink )
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It would depend on a lot of things, for instance are you married, own your own home, how many children you have.  I think you should have enough to cover your expenses for at least a year.  But I would put it in savings where I could draw some interest, not in a bank accout.  Each  person would be different according to their monthly bills.


Posted 3 months ago ( permalink )
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Spaceball was invited by Yedda to answer this question.

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Emergencies like health issues should be kept in mind but in case you don't have balance in your account in an emergency situation,  then you can  always make use of  your credit card. Banks have come up with many facilities that will help you in emergency. Citibank has come up with credit card schemes where you can get credit cards online and one good offer with it currently is; you can win a year's salary as many times you apply online for a Citibank credit card, Citibank Ready Credit or superior salary account.

For more information check

https://www.citibank.com.sg/SGGCB/APPS/portal/loadPage.do?tabId=home&path=/promo/det/cb_promo08.htm


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