Three forms of “cash” get tossed around interchangeably, but they have slightly different implications. The first is actual physical cash. The second is easily accessible savings. The third is a cash reserve account. For today’s post, we’re looking primarily at #2, though #1 also qualifies. The idea is to draw a line between investments that earn interest and cash on hand. You can spend immediately on anything from living expenses, medical bills, and leisure purchases.