Myth: Leave Extra Cash in Checking - Deepstash

Myth: Leave Extra Cash in Checking

Leaving money in your checking account might make you spend more than you planned, simply because the money is available. The money in your checking is also not earning any return.

Instead, lessen the temptation. Try budgeting carefully enough and transfer the extra money into savings and retirement accounts. By only keeping what is needed in your checking account, you won't feel tempted to spend more.

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"I always say, 'People first, then money, then things.'" ~ Suze Orman

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