There is a specific kind of comfort in seeing a large number in your checking or standard savings account. It feels safe. It feels accessible. For those of us who have lived through recessions or financial instability, cash feels like the only thing we can trust.
We tell ourselves that we are being responsible by hoarding it where we can see it. However, the financial systems we live in are not designed to reward hoarding. In fact, by keeping large sums of money in a traditional low-interest account, you are actively losing purchasing power every single day. The system is quietly eroding your hard-earned safety net while you sleep.
