#cash-management

#cash-management

Consider short-term securities and low-risk assets first when facing unexpected expenses.

Roth IRA contributions allow penalty-free withdrawals but may jeopardize retirement savings.

Cash values from life insurance policies can provide emergency funds when needed.

A 401(k) loan, while helpful, could negatively impact long-term retirement savings.

Pay cash for renovations to avoid interest and complications from loans.

Retain a 10% buffer for unexpected renovation costs.

Arrange contractor payments progressively to manage investment risks.

Be cautious with personal loans and credit options.