Business
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:NickAllie JeffDrewToday’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, anyReferences:https://www.cnbc.com/2019/01/23/most-americans-dont-have-the-savings-to-cover-a-1000-emergency.htmlhttps://www.federalreserve.gov/publications/files/2018-report-economic-well-being-us-households-201905.pdfhttps://www.bankrate.com/banking/savings/financial-security-january-2019/