If you’re using a credit card for most purchases, you still likely pay the bill with a checking account. You might also have to pay rent/mortgage from this acco

If you’re using a credit card for most purchases, you still likely pay the bill with a checking account. You might also have to pay rent/mortgage from this account, so keeping a ~$3,000 buffer seems pretty healthy. (Let’s assume $1,500 for rent/mortgage[1], $1,500 for other monthly expenses, emergencies, plus any other buffer the account holder is comfortable with.) 1. Average rent seems to be around $1,100, and median mortgage payment is about $1,600 based on a quick search.