[Kathy]

I’m using YNAB, and I have money “assigned” for bills that aren’t due for 60+ days. I keep thinking there’s a better place to “store” the funds until the actual payment is due, but maybe the juice isn’t worth the squeeze.

[Karen]

I usually only leave money in my checking account that will be paid out for bills within 30 days. Longer terms- I transfer to my ally account which is paying 3.85%.

[Aletta]

I have about a dozen accounts linked in YNAB. You can absolutely put funds you don’t need for a while in a savings account or the like. YNAB doesn’t care what accounts the funds are in.

[J.C.]

My checking account holds a couple months worth of bills, plus all the funds accumulating for the ‘True Expenses’, like Auto Insurance and such. It just sits there not earning much at all. But I use my bank’s Bill Pay Service to pay all my bills, so it’s convenient. I don’t want to have to transfer funds around from HYSA to checking in order to pay those bills. The convenience out weighs the poor return.

[Angelo]

You could open a brokerage account at a place like Vanguard and put the short term saving there in a money market fund. Money market funds are currently paying 5% return.

[Mark]

I use my credit cards to pay for everything. I keep all my short term savings buckets w fidelity and use their MMF. 4.8%. Once a week I transfer money to my credit cards and take it from the appropriate bucket

[Bill]

Honestly, we don’t worry about stuff like that. 4% of $5k is worth not having to pay attention to due dates etc for us. Obviously you don’t want a ton of money in a checking account earning nothing, but a small cushion just makes life a lot easier.

[Author]

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