{"id":11711,"date":"2024-02-26T11:12:10","date_gmt":"2024-02-26T16:12:10","guid":{"rendered":"https:\/\/myratecompass.ca\/blog\/?p=11711"},"modified":"2024-02-26T11:12:14","modified_gmt":"2024-02-26T16:12:14","slug":"how-much-to-keep-in-a-chequing-account","status":"publish","type":"post","link":"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/","title":{"rendered":"How Much To Keep In A Chequing Account"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#How_To_Determine_How_Much_You_Should_Keep_In_Your_Chequing_Account\" title=\"How To Determine How Much You Should Keep In Your Chequing Account\">How To Determine How Much You Should Keep In Your Chequing Account<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#Monthly_Expenses\" title=\"Monthly Expenses\">Monthly Expenses<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#Emergency_Fund\" title=\"Emergency Fund\">Emergency Fund<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#Consider_your_spending_habits\" title=\"Consider your spending habits\">Consider your spending habits<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#Consider_your_saving_goals\" title=\"Consider your saving goals\">Consider your saving goals<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#The_Risks_Of_Keeping_Too_Much_Or_Too_Little_In_A_Chequing_Account\" title=\"The Risks Of Keeping Too Much Or Too Little In A Chequing Account\">The Risks Of Keeping Too Much Or Too Little In A Chequing Account<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#Alternatives_To_A_Traditional_Chequing_Account\" title=\"Alternatives To A Traditional Chequing Account\">Alternatives To A Traditional Chequing Account<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/#Conclusion_Finding_The_Right_Balance_For_Your_Chequing_Account\" title=\"Conclusion: Finding The Right Balance For Your Chequing Account\">Conclusion: Finding The Right Balance For Your Chequing Account<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11711\" class=\"elementor elementor-11711\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b2cbb82 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b2cbb82\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b75f8b8\" data-id=\"b75f8b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d24845 elementor-widget elementor-widget-text-editor\" data-id=\"7d24845\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>A chequing account often plays a crucial role in managing your finances. It acts as an everyday account, allowing you to deposit your income and access your money immediately. But have you ever wondered <b>how much money you should keep in your chequing account? <\/b>The answer will depend on your income, emergency funds, and daily spending habits.&nbsp;<\/p>\n<p>In this article, we outline how much you should keep in your chequing account based on your monthly expenses, emergency funds, account fees, and spending habits.<\/p>\n<p>Determining how much you should keep in your chequing account is a straightforward process. Below, we walk you through the most important considerations.&nbsp;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32a5021 elementor-widget elementor-widget-heading\" data-id=\"32a5021\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Determine_How_Much_You_Should_Keep_In_Your_Chequing_Account\"><\/span><b>How To Determine How Much You Should Keep In Your Chequing Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a84bf66 elementor-widget elementor-widget-text-editor\" data-id=\"a84bf66\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In general, you should keep<b> enough money for your monthly expenses in your chequing account<\/b>. This includes funds for rent, purchases, and leisure expenses. Below, we go over the things to keep in mind:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e405a99 elementor-widget elementor-widget-heading\" data-id=\"e405a99\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Monthly_Expenses\"><\/span><b>Monthly Expenses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9253205 elementor-widget elementor-widget-text-editor\" data-id=\"9253205\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To begin, take a closer look at your monthly expenses. Analyze your budget and calculate how <b>much money you typically spend each month.<\/b> This will give you a starting point for determining the appropriate balance for your chequing account.&nbsp;<\/p>\n<p>You should aim to have enough in your account at the start of each month to cover:<\/p>\n<ul>\n<li><b>Rent or mortgage payments.<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>Insurance costs.&nbsp;<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>Monthly Account fees.&nbsp;<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>Any debit orders.&nbsp;<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>Monthly groceries.<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>Fun activities. <br><\/b><\/li>\n<li><b>&nbsp;<\/b><\/li>\n<\/ul>\n<p>Once you know your monthly expenses, let\u2019s examine what other elements could determine how much to keep in your account.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e295ae elementor-widget elementor-widget-heading\" data-id=\"2e295ae\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Emergency_Fund\"><\/span><b>Emergency Fund<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-585d0ed elementor-widget elementor-widget-text-editor\" data-id=\"585d0ed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While it&#8217;s important to cover your monthly expenses, it&#8217;s equally crucial to have a safety net for unexpected financial emergencies. We recommend setting aside at least 3 to 6 months of living expenses in a separate savings account. <b>Try to keep your emergency fund separate from your chequing account, as this might lead you to spend it<\/b>. Your emergency fund will also ensure you don\u2019t dip into your chequing account and maintain a stable financial position.&nbsp;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05c6996 elementor-widget elementor-widget-heading\" data-id=\"05c6996\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Consider_your_spending_habits\"><\/span><b>Consider your spending habits<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d40b6f elementor-widget elementor-widget-text-editor\" data-id=\"0d40b6f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You should take a frank look at your spending habits and goals and assess any things you struggle with. If you spend impulsively or struggle to budget, it can help to keep the <b>minimum amount of money<\/b> in your chequing account to ensure you don\u2019t spend more than you can afford or live above your means.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb9fe56 elementor-widget elementor-widget-heading\" data-id=\"fb9fe56\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Consider_your_saving_goals\"><\/span><b>Consider your saving goals<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e2952de elementor-widget elementor-widget-text-editor\" data-id=\"e2952de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you want to save, keeping too much money in your chequing account can hinder your progress. It can be far more beneficial to move your extra funds to a <a href=\"https:\/\/myratecompass.ca\/savings-accounts\/high-interest\">high-interest savings account<\/a> where it can accumulate value.\u00a0<\/p><p>To help you save, consider <b>automating your savings and bill payments.<\/b> This will allow you to put aside money each month without thinking about it and prevent you from overspending.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1dfb17c elementor-widget elementor-widget-heading\" data-id=\"1dfb17c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"The_Risks_Of_Keeping_Too_Much_Or_Too_Little_In_A_Chequing_Account\"><\/span><b>The Risks Of Keeping Too Much Or Too Little In A Chequing Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40fd85f elementor-widget elementor-widget-text-editor\" data-id=\"40fd85f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Now that you have an overall idea of how much money to keep in your account, let\u2019s compare the effects of having too much vs too little money in your chequing account.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77ac9ec elementor-widget elementor-widget-text-editor\" data-id=\"77ac9ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\n<table id=\"tablepress-9\" class=\"tablepress tablepress-id-9\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Having too much in your chequing account<\/th><th class=\"column-2\">Having too little in your chequing account<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">Sense of security<\/td><td class=\"column-2\">Can prevent overspending<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Money for unexpected spending emergencies<\/td><td class=\"column-2\">Can help you stick to a budget<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Missing out on savings<\/td><td class=\"column-2\">Potential overdraft fees<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Striking a balance is key. If you budget correctly, you can aim to have exactly the right amount of money in your chequing account to cover your monthly expenses. Anything extra will do better in a savings account.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76034bc elementor-widget elementor-widget-heading\" data-id=\"76034bc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Alternatives_To_A_Traditional_Chequing_Account\"><\/span><b>Alternatives To A Traditional Chequing Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b95172d elementor-widget elementor-widget-text-editor\" data-id=\"b95172d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you struggle to manage a traditional chequing account, there are alternative banking options worth considering. For example:<\/p>\n<ul>\n<li><b>Online banks and digital wallets.<\/b> These alternatives can provide higher interest rates, lower fees, and innovative features that enhance your banking experience.<\/li>\n<li><b>A standard savings account. <\/b>Although not as accessible, a savings account can help you meet your saving goals and grow your money.&nbsp;<\/li>\n<\/ul>\n<p>Explore different options and choose the one that aligns with your financial needs and goals.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eb7587 elementor-widget elementor-widget-heading\" data-id=\"9eb7587\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Conclusion_Finding_The_Right_Balance_For_Your_Chequing_Account\"><\/span><b>Conclusion: Finding The Right Balance For Your Chequing Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f68709f elementor-widget elementor-widget-text-editor\" data-id=\"f68709f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Ultimately, determining how much to keep in your chequing account is a personal decision. A general rule of thumb is to keep the exact amount you need to cover your monthly expenses in your chequing account and to have the rest in an easy-to-access savings account. Depending on your financial goals, you can choose to keep more or less in your account. This can help you overcome bad spending habits or help you save money. With careful consideration, you can make the most of your current chequing account by precisely determining your budget. Happy saving!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span> A chequing account often plays a crucial role in managing your finances. It acts as an everyday account, allowing you to deposit your income and access your money immediately. But have you ever wondered how much money you should keep in your chequing account? The answer will depend on your income, emergency funds, and daily&hellip; <a class=\"more-link\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/how-much-to-keep-in-a-chequing-account\/\">Continue reading <span class=\"screen-reader-text\">How Much To Keep In A Chequing Account<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":11713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[6],"tags":[21],"class_list":["post-11711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chequing","tag-blog-post-template-1-main-template-to-use","entry"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-300x200.jpg",300,200,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-768x512.jpg",750,500,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",750,500,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-375x250.jpg",375,250,true]},"post_excerpt_stackable":"<p>Table of Contents How To Determine How Much You Should Keep In Your Chequing AccountMonthly ExpensesEmergency FundConsider your spending habitsConsider your saving goalsThe Risks Of Keeping Too Much Or Too Little In A Chequing AccountAlternatives To A Traditional Chequing AccountConclusion: Finding The Right Balance For Your Chequing Account Reading Time: 3 Min A chequing account often plays a crucial role in managing your finances. It acts as an everyday account, allowing you to deposit your income and access your money immediately. But have you ever wondered how much money you should keep in your chequing account? The answer will depend&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/chequing\/\" rel=\"category tag\">Chequing<\/a>","author_info":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-300x200.jpg",300,200,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-768x512.jpg",750,500,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",750,500,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg",924,616,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account-375x250.jpg",375,250,true]},"post_excerpt_stackable_v2":"<p>Table of Contents How To Determine How Much You Should Keep In Your Chequing AccountMonthly ExpensesEmergency FundConsider your spending habitsConsider your saving goalsThe Risks Of Keeping Too Much Or Too Little In A Chequing AccountAlternatives To A Traditional Chequing AccountConclusion: Finding The Right Balance For Your Chequing Account Reading Time: 3 Min A chequing account often plays a crucial role in managing your finances. It acts as an everyday account, allowing you to deposit your income and access your money immediately. But have you ever wondered how much money you should keep in your chequing account? The answer will depend&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/chequing\/\" rel=\"category tag\">Chequing<\/a>","author_info_v2":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num_v2":"0 comments","jetpack_featured_media_url":"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/How-Much-To-Keep-In-A-Chequing-Account.jpg","_links":{"self":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/11711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/comments?post=11711"}],"version-history":[{"count":28,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/11711\/revisions"}],"predecessor-version":[{"id":13298,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/11711\/revisions\/13298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media\/11713"}],"wp:attachment":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media?parent=11711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/categories?post=11711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/tags?post=11711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}