'Dead money': 3 financial advisors reveal where they're parking cash as inflation hits a 3-year high
View original at finance.yahoo.com'Dead money': 3 financial advisors reveal where they're parking cash as inflation hits a 3-year high LightFieldStudios/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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Nicholas Bunio has been delaying larger discretionary purchases due to inflation, including a new set of golf irons the prior year and a telescope in the current year.
60% confidenceInflation has definitely changed the way many people think about day-to-day spending and long-term planning.
60% confidenceAndrew Herzog canceled his lawn weed treatment and fertilization service due to inflation pressure, stating that pursuing a perfect lawn is no longer viable.
60% confidenceAndrew Fincher's response to inflation is to focus on cash flow efficiency — reviewing recurring expenses more closely, being more deliberate about large purchases and keeping a higher emphasis on value rather than convenience spending.
60% confidenceFinancial advisors are increasingly seeking places to park cash that can preserve purchasing power rather than letting savings become 'dead money'.
60% confidence
