I have decent savings. Hopefully by January I will have enough for a comfortable living in Moscow, plus
a down payment on a house/condo stateside when I return
. I suspect a comfortable living might end up taking a bit more money, but no one ever said a down payment had to be "x" dollars
It stays in the bank, where, until about two month's ago, I kept it all in checking. Now transferring it to savings as I go. When you are investing small amounts of cash (I do not know what I would qualify as small, but I would call even $10,000 small) there is no
investment that will pay well without huge
risk. I put it into savings mostly so I can have a definitive count of what I have "saved". Checking is too fluid for that.