Vent: My barber said he just keeps his emergency fund in his checking account and it made me pause.

He argued that moving it to a high-yield savings account for the extra 4.5% APY was 'too much hassle for a few bucks', which really made me question how many people are leaving easy money on the table because of perceived complexity.

3 comments

3 Comments

joel_jones18d ago

Wait, he called a free 4.5% return "a few bucks"? @henryp40 is right, that's literally turning down free money.

sage30818d ago

Guess he's never heard of compound interest, or just really hates free money.

henryp4018d ago

That's leaving free money on the table.