Wealth Management | Plancorp | Cash Flow

By the time many of us graduated high school, we had mastered algebraic formulas and memorized state capitols. Yet few of us understood how to manage a paycheck, evaluate tradeoffs, or think intentionally about money’s role in our lives. Read more…

The Short Answer: Where should I save cash? For most people, the best place to save cash—especially for emergencies or short‑term goals—is a high‑yield savings account (HYSA) because it’s safe, liquid, and typically offers the most competitive rates with no fees or balance requirements. If you need Read more…

A recent study by Bankrate found that more than 20% of Americans have zero cash set aside for life’s inevitable emergencies. That same study showed that 35% of Americans would be forced into debt when faced with an unexpected expense over $1,000. That’s roughly 1 in 3 people who could face serious Read more…

Earning capacity and money management skills don't always go hand-in-hand. If you're a high earner with high levels of debt, you aren't alone, but there are key steps you should be taking to get on the path to financial independence. Once you understand your comprehensive financial picture, the Read more…

Creating a budget and sticking to it is difficult for most people because the process is time consuming and restrictive. Traditional budgeting forces you to make every decision as if you live in a spreadsheet. But guess what? You don’t live in a spreadsheet. Read more…

Pick a dorm. Sign up for classes. Buy a laptop. As a recent college graduate, I can remember going through my checklist of everything I needed prior to my college move (on top of all the pieces of advice my parents were attempting to engrain in me). Read more…

“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.” Read more…