Ep. 172: 9 Ways to Use Your Extra Cash

Many Americans were able to build up their savings accounts during COVID and now have extra cash at their disposal. With inflation on the rise, sitting on cash isn’t the best long-term strategy so what should you do with this extra money? Dan Cuprill will share nine different ways to use your cash and explain the pros and cons for each.

 

Key points on this episode:

2:26 – Spend it

3:24 – Put it in the bank  

5:02 – Buy annuities  

6:03 – Address an exposure you have in your plan

8:13 – Invest in an iBond

8:59 – Take advantage of discounted stocks/bonds

9:44 – Pay off debt

10:21 – Give it away

10:58 – Ask yourself this question

 

For more financial resources, visit us online: http://moneyandclarity.com