logo
episode-header-image
May 2023
24m 20s

What should I do with my cash savings?

Financial Times
About this episode

With inflation running higher than the interest rates provided by most banks, cash accounts can rapidly lose value. What does that mean for emergency savings funds? Brooke Masters, the FT’s US financial editor, speaks to investing columnist Moira O'Neill, and Georgia Lee Hussey, founder of wealth management company Modernist Financial, about how much savings to have in cash and where to keep it - both in the UK and the US.


Want more?

Keep up with the latest from Brooke on FT.com and follow her on Twitter @brookeamasters

https://www.ft.com/brooke-masters?segmentId=09d1c097-c0ef-7dd1-2d95-bfc6eb43e74e

Check out Moira’a latest column here

https://www.ft.com/content/e04ddbf1-bf9c-490c-94ac-657743d55c25?segmentId=09d1c097-c0ef-7dd1-2d95-bfc6eb43e74e


For more from Georgia, check out the Modernist Financial website

If you’d like to talk to Claer about a future episode, please email the Money Clinic team at money@ft.com with a short description of your problem, and how you would like us to help. 

Presented by Claer Barrett. Produced by Persis Love. Our executive producer is Manuela Saragosa. Sound design is by Jake Fielding and Breen Turner, with original music from Metaphor Music. 


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Up next
Apr 1
Investment Clinic: Should I keep betting on Warren Buffett?
Fifty-eight-year-old Margo has amassed a very healthy retirement fund, in part by buying shares in Berkshire Hathaway, the investment company run by Warren Buffett. When even the ‘Sage of Omaha’ is reducing his exposure to certain US stocks, Margo wonders if it’s time for her to ... Show More
35m 16s
Mar 2025
Investment Clinic: I’m 29 – should I still be taking stock tips from my dad?
Matt started investing at just 22 with the help of his financial adviser father. Now, at 29, and with a wedding on the cards, he’s got an extra reason to be diligent about his money. Some of Matt’s stock picks (such as Glencore) haven’t been performing as he might like. Is it tim ... Show More
28m 43s
Mar 2025
Investment Clinic: I’m almost 50 – is it too late to start investing?
Forty-nine-year-old Jane has always been careful to squirrel money away, and a recent inheritance has boosted her nest egg to £125,000. But there’s one problem: it’s all in cash. Now, with half an eye on retirement, Jane wants to start investing but is unsure about how to do this ... Show More
32m 33s
Recommended Episodes
Aug 2021
How community banks were small business saviours during the pandemic
Read a transcript of this episode on FT.comhttps://www.ft.com/content/e03bcc3e-c418-47e6-9037-0f0030529af0 The US tomorrow will withdraw all of its troops from Afghanistan and the country faces a potential economic catastrophe. The International Monetary Fund’s chief economist wa ... Show More
9 m
Nov 2022
Ask HTM - Best Personal Business Bank Combo, Pay Off Student Loans or Invest, & Big Wireless Getting More Affordable #598
We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, w ... Show More
53m 23s
Apr 2023
Ask HTM - Waiting to Pay Monthly Bills, Whether Invested Dollars are Safe, & Buying a Parent's House #658
We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, w ... Show More
49m 44s
Oct 2022
Ask HTM - Buying a Home FSBO to Save, Getting Ahead on a Small Salary, & the Best Vegan/Eco-Friendly Banks #574
We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, w ... Show More
56m 6s
Jun 2022
311: How Do I Handle All of the Bad Financial News?
There's a lot of negativity in the news today when it comes to finances. Whether it's worries about the market failing, inflation, or why you should or shouldn't be investing in cryptocurrency, there is SO much information to take in and process. Kate Dore is back with us today f ... Show More
7m 39s
Jul 2024
Ask HTM - Utilizing Roth Contributions in a Pinch, SAVE Plan for High Earners, & Buying a Home to Save Money #847
Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guid ... Show More
53m 59s
Dec 2023
Ask HTM - Down Payment vs Investing, Financial Calculators FTW, & the Best High Yield Business Account #757
Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guid ... Show More
56m 18s
Mar 2024
What we learned from the collapse of SVB
America’s regulators say new rules will help maintain the dominance of US Treasuries, and there are still weaknesses in regional banking a year after the failure of Silicon Valley Bank. Plus, a new Bain & Co report reveals that private equity groups are sitting on a record of uns ... Show More
10m 41s
Mar 2024
Investing Advice from the Most Powerful Woman on Wall Street
#76: Sallie Krawcheck, is the current CEO of Ellevest and the former Head of Bank of America’s Global Wealth and Investment Management division. She’s potentially the most influential woman on Wall Street, who offers insights on simplifying financial planning and how women can na ... Show More
1h 3m
Mar 2024
144. How to Win the Financial Game: Money Coaching with Tori & Tiffany Aliche
Have you been wondering how to effectively diversify your investment portfolio? Or whether you should prioritize real estate investments over traditional retirement accounts? In this episode of the Financial Feminist, we’re answering more user submitted questions, but this time w ... Show More
51m 29s