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There's not much point in investing less than $1000. People are getting hung up on the "savings" part of this. It could be a checking account, it could be cash
by caymanjim 8y ago
There's not much point in investing less than $1000. People are getting hung up on the "savings" part of this. It could be a checking account, it could be cash in a jar. The point is that it's the amount of money available that isn't tied up in material assets like real estate, a car, etc. or isn't invested in something like a 401(k).
- frockington 8y agoThan I have ~$500 most of the time. Why would anyone willing lose money every year by hoarding it in a savings account/in a jar
- vonmoltke 8y ago> People are getting hung up on the "savings" part of this. It could be a checking account, it could be cash in a jar. People are "hung up" on it because, per the linked article, the survey literally asked about savings accounts. I have more money sitting in cash at home than I do in my savings accounts. The only reason my wife and I have savings accounts is Bank of America's Keep the Change thing.