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3375: Should Cash Be Part of Your Emergency Fund? By Honey Smith with Get Rich Slowly on Smart Emergency Planning

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Manage episode 522558805 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3375:

Honey Smith explores the practical and psychological benefits of keeping physical cash as part of your emergency fund, especially in times when digital access to money may be disrupted. Weighing the pros and cons, from peace of mind and preparedness to lost interest and security risks, she offers clear guidance on how much cash to keep, where to store it, and why doing so could be a smart addition to your financial safety net.

Read along with the original article(s) here: https://www.getrichslowly.org/should-cash-be-part-of-your-emergency-fund/

Quotes to ponder:

"You'll never be out of money when you need it."

"Cash can't be garnished like a paycheck or bank account, and it isn't easily traced."

"If you lose the money, it gets destroyed, you are robbed, etc., you may have very little recourse."

Episode references:

Mint: https://mint.intuit.com/

Capital One 360: https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4179 episodes

Artwork
iconShare
 
Manage episode 522558805 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3375:

Honey Smith explores the practical and psychological benefits of keeping physical cash as part of your emergency fund, especially in times when digital access to money may be disrupted. Weighing the pros and cons, from peace of mind and preparedness to lost interest and security risks, she offers clear guidance on how much cash to keep, where to store it, and why doing so could be a smart addition to your financial safety net.

Read along with the original article(s) here: https://www.getrichslowly.org/should-cash-be-part-of-your-emergency-fund/

Quotes to ponder:

"You'll never be out of money when you need it."

"Cash can't be garnished like a paycheck or bank account, and it isn't easily traced."

"If you lose the money, it gets destroyed, you are robbed, etc., you may have very little recourse."

Episode references:

Mint: https://mint.intuit.com/

Capital One 360: https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4179 episodes

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