How to Calculate the Exact Minimum Amount you Should Have in Your Checking Account | GOBankingRates

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Summary

As a rule of thumb, Gary Golden, CEO of BHCU, recommends keeping a cushion of 20% of what you’ve calculated to be your minimum balance. “Keeping a month’s worth of expenses, plus a little extra so that you can avoid overdraft charges if you make any mistakes, will ensure timely payments of your monthly bills,” he said. GoBankingRates