Hello friends I'm Laura Adams, your host and finance author, speaker and consumer advocate

who's been writing and hosting this show since 2008.

My newest book is an Amazon number one new release.

The title is Money Smart Solopreneur, a personal finance system for freelancers,

entrepreneurs, and side hustlers.

I hope you'll check it out.

It's for anyone who wants to build a business

and a secure financial future.

It's on sale everywhere books are sold as an e-book and paperback.

My mission on the show is to give you the knowledge, resources, and motivation to manage your money the best way possible and create a richer life.

New Money Girl episodes are released every Wednesday and when you're subscribed they automatically

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So be sure to hit the subscribe button in the Apple Podcast app or wherever you listen.

Today's show is courtesy of a couple of great emails that I received.

The first one comes from Megan L. who says,

I no longer have any retirement savings because I cashed it all out to pay my debt.

We also sold our home and moved into an apartment just as the pandemic was hitting.

With the sale of our house, the fact that my husband is working overtime, and the stimulus

money, we've saved nearly $10,000 and should have more by the end of the year.

My primary question is, what should we do with that?

Right now I have our extra money in a low interest bank savings, and I'm considering moving it to a high yield savings as our

emergency fund is that a good idea for additional money we save I intend to use it as a

...