How Much Cash Should You Hold In Your Bank Account?

Jason Gabrieli and Tyler Reedman get into some of the purposes for your overall financial plan of holding cash, review some concepts on how to set your “cash comfort” level, and discuss some ideas and strategies for what to do with excess cash. This is a question we’ve been getting more and more, especially since many people ended up spending a lot less than normal over the last year or so staying home, as well as paying down some debt, or maybe even selling a property or a business. It’s important to understand how to determine the “right” amount of cash for your personal situation and when it might make sense to look to invest cash in pursuit of your mid and longer term goals. Like what you’ve heard…Learn more about HFM HERESchedule time to speak with us HEREOpen an HFM Ignite account HERE