Different Types of Saving Strategies

Your Cheddar hosts Kristen Scholer and Tim Stenovec explore the 4 different types of saving strategies: emergency fund, short-term, mid-term, and long-term. The most important aspect of the short-term strategy is that the money is liquid. You want to be able to have access to the cash as soon as you need it. In terms of mid-term strategies, you might want to consider a CD, as the goal is to save for 10+ years down the line. Plus, for the long-term saving strategy, you need to be thinking about retirement. Some experts suggest putting money into an IRA or 401(k).

More In Business

The Housing Market Is Getting More Expensive. What Should Buyers Do Now?

Mike Miedler, CEO of Century 21 Real Estate, breaks down rising mortgage rates, climbing home prices and what buyers and sellers should do next.

The AI Spending Frenzy Could Hit a Political Roadblock After the Midterms

Emily Peck, Axios reporter and co-author of Axios Markets, breaks down AI funding, Anthropic’s IPO and how the midterms could threaten data center investments.

AI’s Biggest IPO Yet? Inside Anthropic’s Massive Wall Street Gamble

Jim Neesen, Managing Partner and Founding Executive at Connor Group, breaks down Anthropic’s IPO, soaring revenue, massive losses and investor risks.

Are Artists Getting Paid What They’re Owed? Inside the Fight to Recover Millions in Music Royalties

Tim Luckow, Co-Founder and CEO of Notes.fm, discusses $10 million in missing music royalties, AI’s impact on artist payments and the future of music ownership.

Big Business This Week: Why the Fed Paused On Another Rate Rise

With inflation still above target, what does the Federal Reserve’s decision this week to hold the federal funds rate steady at 3.75% to 4% mean?

Could the Fed Raise Rates Again in December? Inside Wall Street’s Biggest Question

Thomas DiFazio, ETF Strategist at Roundhill Investments, breaks down the Fed’s rate decision, inflation risks and what comes next for stocks and small-caps.

Load More