No. 85 of 106 Things We Do For Clients
Identify your savings shortfalls and excesses.
Just as it is hard to know when we are under-saving, it’s often just as hard for us to identify when we are over-saving. Saving money is different from investing money. Putting money in savings is basically insurance to provide for known future expenses, emergency expenses, and a loss of employment. Just as it is dangerous to save too little for these emergencies, it can also be harmful to your investment needs to have too much in savings.
