Cash is King

Wai Mun Fong and Benedict Koh

Chapter 5 in Managing Your Personal Finance:From Start of Career to Retirement and More, 2020, pp 33-41 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Dear David,Last May was an unforgettable month. My car tyres went flat twice, our television broke down, the water heater suddenly couldn’t tell the difference between hot and cold and I was down an entire week because of stomach flu. The meaning of being cash-strapped became clear to me. Everyone from our family doctor to the handyman wanted the bill to be settled in cash. Seldom have I seen my bank account lose so much weight on account of such “petty” expenses…

Keywords: Personal Finance; Investment; Managing Money; Retirement planning; College planning; Borrowing; Buying Bonds; Investing in Real Estate; Estate Planning (search for similar items in EconPapers)
JEL-codes: D14 (search for similar items in EconPapers)
Date: 2020
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