Pay Attention To Your Cash Holding
You can buy anything with cash and do a lot of things. It's easy and convenient. At the same, if you hold too much cash, that will not be good.
The government keeps printing money. Due to inflation, cash loses its purchasing power. You cannot buy the same product with the amount of cash that you would buy last year. You think you will put money in a bank. You can get interest from your savings account as well as you will earn interest from FDR. But the fact is, inflation is higher than that. So you are losing your wealth. Have an emergency fund and hold the cash that you need. You can invest the rest of the money so that your money works for you and generates income.
Let's watch this video. Please feel free to leave your comment. Thank you for watching the video.
Source: 1, and 2.
Image Source: 1, 2, 3, 4, and 5.
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Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.
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I tend to keep the amount in my emergency fund and invest the rest. I do agree that having a budget does make the planning easier
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Yes, it gets easier to plan and manage money when you track your expense and know how much you need each month.
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Great Video! Also, are you brazilian? I found it funny that you used our local currency (Reais / BRL) as the thumbnail of your post hahaha
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