Entries tagged "cash reserve"
Pay off Credit Card or Start Cash Reserves?
Often we see either young folks just starting out or people who are recovering from tough times who struggle with what to focus on first. Pay off credit card debt or start a cash reserve? There are many opinions out there as to which should be the priority. Many say...
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The Two Checking Account Strategy
I have often recommended clients struggling with cash flow to use a cash flow and cash reserve savings strategy that incorporates simply setting up a second checking account. It seems that by adding extra steps to accessing money, some people end up leaving accounts alone. Inevitably this “laziness” leads to...
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Get Your Cash In Shape
Cash is boring. Especially these days with ridiculously low interest rates. Your grandfather may actually be earning more than you under the mattress or in the tin can in the freezer. Still, cash is king because of the flexibility it provides. Without cash, where do you go for unexpected emergencies...
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