Maintain a Constant Amount of Ready Cash for Emergencies
Maintain a Constant Amount of Ready Cash for Emergencies
Many call it an “Emergency Nest Egg”. Others call it their “Cushion”. Whatever name you choose, each conveys the importance of maintaining a constant amount of ready cash; a calculated amount available at anytime. Having too much emergency fund money might mean you’re not maximizing the potential of your earnings. Having too little may mean other assets will need to be liquidated in the event of an emergency. Of course, it is better to have too much ready cash than too little. The amount needed is a very personal issue and varies with each individual. At Hutchison Group, we help our clients determine a proper amount to maintain.
Our Five Points:
Maximize Employer Benefit Plan
Analyze Debt Reduction Opportunities
Maintain a Constant Amount of Ready Cash For Emergencies
