All the Hacks with Chris Hutchins

Where to Put Cash, Saving Money on Gas, Latest Deals/Hacks and More Listener Q&A

17 snips
Jul 13, 2022
The host dives into where to put cash in a fluctuating market, discussing strategies like Series I savings bonds and backdoor Roth IRAs. Listeners learn how to save money on gas using apps like GasBuddy and credit card rewards. The conversation also includes clever hacks from listeners to maximize savings. There's a focus on the importance of tracking finances effectively with tools and advice on selecting a trustworthy financial planner. This mix of personal anecdotes and actionable tips creates a lively discussion on enhancing your financial game.
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ADVICE

Short-Term Cash Management

  • Keep money needed within 3-5 years out of the market.
  • Consider high-yield cash accounts or I-bonds.
INSIGHT

I-Bond Advantages

  • Series I savings bonds (I-bonds) currently offer 9.62% interest.
  • They are a low-risk, short-term savings option.
ADVICE

Dollar-Cost Averaging Strategy

  • Dollar-cost averaging offers psychological benefits.
  • Make a plan and commit to it, adjusting as needed.
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