Where to Put Your Money for Short-Term Savings
Saving $100,000 is not easy. It requires a lot of hard work, side hustle, persistence, and sacrifice. It is making me think about what is most important to spend money on and what’s less important. But once I’ve set aside money for my sabbatical, where am I keeping it? The market is roaring right now. If I had bought $20,000 of Peloton stock last March, I would have more than $100,000 today! (Truly, Peloton was a stock I considered investing in when the market was down in March 2020. It was trading around $25/share. In the last few months, it’s been higher than $150/share. Coulda, woulda, shoulda.) But, as a fairly risk-averse person, I keep almost all of my money in index funds. However, this isn’t where I keep my sabbatical savings. Stock…
