Graduated Learning: Life after College

I got my degree, I got a job…now what?

7 Responses to “Personal finance confessions: I’m a cash hoarder”

  1. SP Says:

    We also have about 10 months expenses in cash, and 10 months of our current expenses is quite a lot. Some of that is just because I KNOW we need to replace the roof in the next year or so, and that alone will be at least $20k. But that only explains some. I also set aside some money for “having a kid” with a worry that we’d need IVF or to fund a maternity leave, but we needed very little of that to cover my leave (sick and vacation time was used). In my normal emergency fund, I have much less, but I create these other funds that are mostly unnecessary.

    So, yeah, I’m a cash hoarder and always have been.

    Liked by 2 people

  2. latestarterfire Says:

    I am like you – cash hoarder – I used to hide money as a child then promptly forgot where I hid it. Then months or years later, I’d find it and feel rich. Now I’m nearly up to 6 months of expenses in my emergency fund – but for the first time thinks maybe that’s too much cash and I should invest some of it …

    Liked by 1 person

  3. Jackie Says:

    It’s like you were writing my story. Always been a cash hoarder, and always like it spread out in different places too, incase one got too small, that’s okay, there is extra in another one. Loved reading your article, touched home to me!

    Liked by 1 person

  4. Total cash hoarder. I only keep 2.5 months in actual cash, the other 9.5 months are in CDs but those are basically cash. Yet I still want to have another year equivalent for covering home maintenance stuff and am continually resisting my instinct to separate out funds for large expenses coming up.

    Liked by 1 person

  5. Very nice article! I enjoyed a lot Reding it. Thanks for sharing.


  6. we have 15% cash or cash equivalents in our current asset allocation. i think we could live about 9-10 comfortable months off the cash in savings and the rest is in a stable 401k stable value fund (cash equivalent). we’re in our 50’s and closer to retirement and no longer require the returns of a 30 year old type. we also keep a chunk of good ol’ greenback cash in the house in case of emergency where ATM’s or credit might not work.


  7. I take things to the other extreme.
    I try to keep the money in my current account to a minimum as it’s not working for me.
    Instead I put money into investments and in the past P2P lending. I buy/sell loan parts in P2P platforms hoping to buy for say £100 and sell for £105 – and I’ve made decent returns over the years but it’s a lot of work!
    If I needed to borrow money – my overdraft was only 12.9%.
    IRR for everything is around 20%.


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