How Much Cash is Too Much? Navigating Surplus Savings
“We do like to make sure our clients are really balancing the living for today while protecting their future selves as well.”
Your emergency fund should cover three to six months of expenses. But how should you adapt your financial strategy when your savings account balance keeps growing beyond that target? Our hosts, Natalie and Dan Slagle, tackle this surprisingly common problem that leaves many people psychologically stuck.
The Federal Reserve data reveals interesting contrasts: while the median savings account holds just $8,000, the average sits at $62,410. For couples with kids, those…
The skinny
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