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

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.