How much cash should you carry in your wallet?

With the advent of digital payment apps, cash may seem less useful to have on hand. Zenith Wealth Partners Chief Financial Planning Officer Chelsea Ransom-Cooper joins Wealth! to give insight into how much cash consumers should keep in their wallets.
Ransom-Cooper offers the following advice to consumers: "We want to think about how much we have in our checking account. So the cash in our checking account is really a vehicle where we only want to have 1 to 2 months of expenses there so we can cover our bills, any of our necessities. But it's just a transition place. When we think about that high-yield savings account, that's where we want to have our emergency savings. "
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