How Much Should I Keep in a Financial Reserve? | Essential Tips

Avoid financial stress with a well-planned primary reserve! Learn why maintaining a reserve of living expenses—and factoring in unique life circumstances—is key to financial security.

From unexpected expenses to job stability, this video breaks down how to calculate your reserve and explores the best places to keep your savings, be it a checking account, savings account, money market account, or a CD. Don't let life's surprises catch you off guard—plan your reserve today!

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.