HOW TO MAKE YOUR SAVINGS WORK HARDER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS

with
Thad Ismart | CFP®, ChFEBC, CEPS
 Senior Financial Planner

About This Episode

Saving money is only the first step. Learn how to make your savings work more efficiently toward your long-term financial goals.

Full Description

Saving money is an important habit, but where and how you save can make just as much of a difference as how much you set aside. Many people work hard to build savings, only to leave those dollars sitting idle or earning less than they could over time.

In this episode of Healthy, Wealthy & Wise, the conversation focuses on how to make your savings work harder without taking unnecessary risks. The discussion explores common places people hold cash, such as checking accounts, traditional savings accounts, and short-term vehicles, and explains why some options may limit long-term progress when used incorrectly.

Listeners will learn how aligning savings with specific goals can improve results. Emergency funds, near-term expenses, and long-term objectives all serve different purposes and should be treated differently. This episode highlights why a one-size-fits-all approach to saving often falls short and how thoughtful planning can help improve efficiency.

The episode also addresses the impact of inflation on savings and why earning a return that keeps pace with rising costs matters over time. Small adjustments, such as reviewing account types, time horizons, and risk tolerance, can significantly influence outcomes without requiring drastic changes.

Rather than chasing quick wins or complicated strategies, this discussion emphasizes clarity, discipline, and intentional decision-making. Making your savings work harder is not about doing more. It is about doing the right things with the money you already have.

To learn more about how savings fit into a comprehensive financial plan, visit BWFA’s Financial Planning visit BWFA’s Financial Planning page and explore how thoughtful planning can help you move forward with confidence.