Withdrawing money from bank account

[bal_ny]

I am putting together a down payment for a car. I can either let the money accumulate in the bank until the right car comes along and withdraw the full $1500 then, or I can start withdrawing smaller amounts each time I get paid and let the money accumulate in my sock drawer. Does it matter which I do?

[getouttadebt]

It really depends on your situation. Smaller withdrawls are also less likely to cause any red flags, but this is just my opinion.

[Dollar Bill]

How much car are you buying? If it is inexpensive enough, see if you can exempt it somehow.

[bal_ny]

We're aiming for around 5K. I'll pay $1500 of that in cash and finance the rest. I'm trying to owe at least book value so there's no equity in the car that the trustee might want.

[keepmine]

Nothing in the code says you can't write a check to make a downpayment for a car. A car is a reasonable and necessary expense. You've nothing to hide.

[bal_ny]

Ok, thanks. That's what I thought but it never hurts to check.