Wealth Creation: Why having too much cash in your bank account may be a bad idea.

Loading player...
Saving money and putting personal finance tips into practice can be challenging. Tucking away money for an emergency fund, much less a down payment on a house, retirement, or a child's college tuition, can take years of steady saving and a huge amount of discipline. Of course, barring catastrophe, once you establish those emergency savings and develop positive spending and saving habits, staying on top of your finances gets a whole lot easier.

Once you're no longer living paycheck to paycheck and have money tucked away to cover a medical emergency, a job loss, or a vacation, you've reached a state of financial stability—but that doesn't mean you can just stop thinking about where your money is going. Turns out, it is possible to keep too much money in the bank, and tucking all of your savings there can actually hurt your long-term financial goals.
11 Apr 2022 4AM English South Africa Business News · Investing

Other recent episodes

Opportunities and Risks in the Global Commodity Rally

Oil, copper and agricultural commodities are rallying as geopolitical tensions, climate pressures and energy-transition demand reshape global markets. Kaya Biz speaks to Simon Lacoume of Coface about the opportunities for South Africa's mining sector and the risks posed by rising inflation and food prices
27 Oct 1PM 15 min

African Bank's Next Chapter: From Turnaround to Growth

African Bank has spent years transforming itself from a specialist unsecured lender into a diversified retail and commercial banking group. Kaya Biz speaks to Chairman Thabo Dloti about the bank's evolution, the lessons learned from its acquisition-led growth strategy, leadership stability, and whether African Bank is finally entering the value-creation…
27 Oct 12PM 23 min

Pick n Pay trims it’s first half loss over 30%

Pick n Pay’s latest interim results point to encouraging signs in one of South Africa’s most closely watched retail recovery stories. CEO Sean Summers joins Kaya Biz to discuss improved profitability, Boxer’s standout performance, online sales growth, labour restructuring and the milestones investors should watch as the turnaround plan moves…
26 Oct 1PM 16 min

Beyond the Mini-Budget Speech 2026: Decoding Treasury’s Signals

The Medium-Term Budget Policy Statement offers one of the clearest snapshots of South Africa’s fiscal health and economic trajectory. We speak to Deloitte Africa’s Le Roux Roelofse about the key takeaways from Treasury’s latest projections, whether the country is striking the right balance between fiscal discipline and growth, and what…
26 Oct 12PM 16 min

The Mental Health Cost of Financial Stress

Financial stress has emerged as one of the biggest threats to South Africans' mental wellbeing. Dr Rachel Moore, Chief Medical Officer at Mediclinic Southern Africa, discusses the psychological impact of economic pressure, barriers to accessing mental healthcare and what can be done to reduce stigma and improve support.
22 Oct 2PM 12 min