OP 07 August, 2024 - 11:51 AM
I need some advice on how to build up a personal cash reserve from my monthly salary without dipping into it. I have around $40,000 saved up in the bank from work and some luck, but I want to create a separate cash reserve of about $10,000.
The challenge is that in my country, cash is quite commonly used, and I tend to spend cash in hand more quickly than money in the bank. I'm looking for strategies or tips to save cash without spending it too quickly. Should I consider alternative ways to store the cash or any specific methods to manage this better? Any advice would be greatly appreciated. Thanks!
The challenge is that in my country, cash is quite commonly used, and I tend to spend cash in hand more quickly than money in the bank. I'm looking for strategies or tips to save cash without spending it too quickly. Should I consider alternative ways to store the cash or any specific methods to manage this better? Any advice would be greatly appreciated. Thanks!