In an era of investing apps, crypto buzz, and online wallets, Registered Financial Planner (RFP) Marion Evangelista still sticks to a timeless principle: “Cash is king and it is best to have the king by your side.”
But make no mistake—this isn’t about stashing bills under the mattress. For Evangelista, managing cash today means being smart about liquidity, accessibility, and security across both physical and digital platforms.
“There are many ways to store cash,” Evangelista shared with Financial Adviser PH. “The most liquid is to have it on hand, or through your ATM or e-wallet.”
With more people turning to digital payments, he emphasizes the importance of knowing when and where to keep your money. “Limit your physical cash if you are a daily commuter,” he advised, pointing out both safety and budgeting as reasons to go light when on the move.
For everyday expenses, Evangelista recommends relying on e-wallets and ATM cards, which provide immediate access without the risks of carrying too much cash. But if you want to grow idle funds without tying them up for the long term, digital banks can offer a compelling solution.
“If you want to go for higher interest earning accounts, consider digital banks,” he said, highlighting their competitive rates and ease of use. He also pointed out that for people with medium-term goals, traditional time deposit products still have a place. “If you do not need cash for a few months, there are time deposit products from traditional and digital banks.”
Evangelista’s advice reflects the changing nature of liquidity in a cashless world. While traditional advice may have focused on cash under the mattress or savings accounts with brick-and-mortar banks, today’s cash management is about strategically balancing physical money and digital funds.
His practical tip? Let your financial behavior match your lifestyle needs.
Going on a trip later this year? Save monthly in a separate digital account. Have recurring bills? Use your e-wallet to streamline payments. Want peace of mind during uncertain times? Keep some amount instantly accessible through your ATM or cash on hand.
Ultimately, the modern world hasn’t replaced cash—it’s just redefined how we hold and use it. Evangelista’s message is clear: “Cash is king,” but managing it now requires savvy use of digital tools, not just envelopes or drawers.
Whether you’re saving for a short-term purchase, building an emergency fund, or looking for liquidity in volatile times, the timeless lesson remains: Having the king by your side still gives you control.
