This year, many investors learned the hard way the difference between a money market account and a money market fund. Do you know the difference?
money market accounts
Everybody needs emergency cash reserves for the unpleasant day when your expenses unexpectedly exceed your income. By stashing your reserves in the right place, you should ideally be able to fund your life – rent, food, transportation, utilities, and any other fixed expenses – for at least three months. The Washington Post has a few tips to keep inflation from eroding the value of your pot of emergency cash.