Cash Money

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:

• Nick
• Allie  
• Jeff
• Drew

Today’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, any

References:

https://www.cnbc.com/2019/01/23/most-americans-dont-have-the-savings-to-cover-a-1000-emergency.html

https://www.federalreserve.gov/publications/files/2018-report-economic-well-being-us-households-201905.pdf

https://www.bankrate.com/banking/savings/financial-security-january-2019/