Cash Money

27/12/2019 30 min Episodio 5
Cash Money

Listen "Cash Money"

Episode Synopsis

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind Making Margin:NickAllie  JeffDrewToday’s topic is all about cash:What’s the right amount to hold?Where should it be held?What should I do if I have too much?What should I do if I don’t have enough?What’s the difference between saving and investing?How come so few people know this stuff?Take Away:Hold about 3-6 months of living expenses in a high yield savings account as an emergency fund, anyReferences:https://www.cnbc.com/2019/01/23/most-americans-dont-have-the-savings-to-cover-a-1000-emergency.htmlhttps://www.federalreserve.gov/publications/files/2018-report-economic-well-being-us-households-201905.pdfhttps://www.bankrate.com/banking/savings/financial-security-january-2019/