Financial Peace and Keeping Your Cash Working for You

5 Steps to Financial Peace and Freedom has been a big hit on this site. That is no surprise since people just want a basic way to get their finances in order. If you have chosen to get your finances and life in a more peaceful state that you can live, with then you have chosen to get rid of your expensive health insurance (if that part was applicable to you) and opted for a high-deductible policy.

With your high deductible policy you probably have already chosen a HSA or Health Savings Account. You will also want to keep some extra cash on hand beyond the HSA just in case you did not figure your annual medical costs accurately. The best way to store that cash is in a cash investment such as a money-market account. My friend has chosen this route and her cash grows more interest than if it was in bank account, and she can write a check from the money-market account in the case of an emergency.

And, I forgot.. Congratulations on taking the first step toward getting your finances and life peaceful again!! If you have not taken that step yet, try it out: 5 Steps to Financial Peace and Freedom