Saving
The quiet cost of keeping cash in checking
Why money that sits still slowly loses value, and what to do instead.
Ava Brooks
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5 min read
A checking account is built for spending, not growing. Most pay close to nothing, while prices keep rising. Over a few years, the same balance buys noticeably less.
How small rates add up
The difference between earning almost nothing and earning a steady rate looks tiny in a single month. Over five years, on a balance of $10,000, it can mean hundreds of dollars.
Keep a buffer, move the rest
Keep one month of spending in checking for bills and surprises. Move the rest somewhere it earns daily, and set a rule so new savings go there automatically.
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