What to Do With That Extra Cash in Your Checking Account

Because of inflation, that money is losing purchasing power, so don’t let it sit on the sidelines. Here are three ways to put it to work for you.

A young man smiles as he looks at his laptop screen and his smartphone in his living room.
(Image credit: Getty Images)

Many people are wary to invest, but if you have extra cash sitting around, you can still make it work for you.

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Kelly LaVigne, J.D.
Vice President, Advanced Markets, Allianz Life

Kelly LaVigne is vice president of advanced markets for Allianz Life Insurance Co., where he is responsible for the development of programs that assist financial professionals in serving clients with retirement, estate planning and tax-related strategies.