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Old 03-10-2009, 09:32 PM   #41
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Generally about $100 in my wallet, plus a couple hundred dollars in storage.

I usually have 100-200 lbs of dog food, so in the event of a bad earthquake I
would have something to eat.
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Old 03-10-2009, 09:45 PM   #42
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I usually have 100-200 lbs of dog food, so in the event of a bad earthquake I
would have something to eat.
YUM.
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Old 03-10-2009, 10:56 PM   #43
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Checking accounts and debit cards are not common here...this is still a cash based society, although in the 7-11s and AM/PMs you can swipe your cell phone to pay. We typically get about $3000-4000 from the bank each month depending on expected expenses that month. About $1000 goes into an account to pay utilities, cell phones, gym fees, etc, that are automatically withdrawn. About $1000, goes into an envelope marked "costco" for the once a month trek, and the rest is for everyday expenses. We each keep a $100 bill and its local equivalent as emergency money, tucked between the photos in our wallets. We also have a piggy bank into which all $5 equivalent coins go (about $600 in there right now) for special purposes. I also have several hundred Euros, several hundred swiss francs, 20 or 30 british pounds, some Singapore dollars, Hong Kong Dollars, etc, hanging around because I travel alot. I also "time the market" to buy dollars for our trips. I have about $3200 tucked away from January or so when the exchange rate was 90 yen to the dollar (it was 98 yesterday, so it was good timing).

When we move back to the states, I intend to have several thousand in various hiding places around the house that I will make sure DW and at least one of the kids knows and knows not to touch except for in emergencies. I am also beginning to prepare an "in case of death" file, which will be kept in a safe or safe deposit box at a bank, that will have the locations and amounts recorded. The bills will be small, $20 and less. Another poster said that only the un-prepared needed cash (during the hurricane or whatever). I have made a bit of a hobby studying emergency preparedness and I would counter that if you do not have any cash, you ARE NOT prepared. If you only have large bills, you are only prepared to pay big bucks when a lot less would be sufficient.

Just my two cents.

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Old 03-10-2009, 11:06 PM   #44
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If you keep large amounts of cash in your home, you need to check your insurance policy. Most companies will insure cash only up to $500 or $1k.
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Old 03-10-2009, 11:11 PM   #45
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Maybe $50 - $60 in what we call "house money" in an envelope. In case we get an urge to buy a pizza or rent a movie on a day when wallets are empty.
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Old 03-11-2009, 06:00 AM   #46
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I am also in the minority here. We do not use ATMs or debit cards. In our young and foolish days, 25 years ago, we used ATM cards to a fault. We had little money to begin with and those fees added up. They say "once bitten, twice shy" and that is true with us. I handle the finances and always have and for some reason only cash seems like real money that hurts to part with. I also feel safer with a quantity of cash in the house. Lots of thought=provoking comments here.
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Old 03-11-2009, 06:32 AM   #47
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Maybe I have an over-active imagination, but if our current economy should go to a possible conclusion of collapse, won't my bank account, money markets, and ATM machines be worthless. I wonder if it wouldn't be prudent to have maybe $10,000 in cash for buying neccesities when the system is totally gone.

Could be I've been reading too much of "Alas, Babylon"!!!!

BTW, what do the stars mean under my name?
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Old 03-11-2009, 07:23 AM   #48
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Originally Posted by sander06 View Post
Maybe I have an over-active imagination, but if our current economy should go to a possible conclusion of collapse, won't my bank account, money markets, and ATM machines be worthless. I wonder if it wouldn't be prudent to have maybe $10,000 in cash for buying neccesities when the system is totally gone.
Unless you keep it dry and use it to start a fire, I doubt cash would have any real value under the circumstances you outlined.

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Could be I've been reading too much of "Alas, Babylon"!!!!
That gets my vote.

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BTW, what do the stars mean under my name?
Related to the number of posts you have. More posts = more stars.
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Old 03-11-2009, 07:23 AM   #49
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$1500 in the freezer.
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Old 03-11-2009, 07:24 AM   #50
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$1500 in the freezer.
Cold cash...
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Old 03-11-2009, 07:40 AM   #51
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Keep $200 in twenties in an envelope in the bills holder. Daughter and son-in-law have visited (they are cashless types) and have needed cash to go out to bars, etc., so they'll write us a check for $100. Worked retail liquor store for 16 years, and collected anything that looked old. Have a big jar of old nickels (that I've never sorted through), probably $25 in pennies (loose and some are rolls of all 1943 zinc's), and a jar with about 100 Susan B. Anthony's, Eisenhower's, and Kennedy halves. Also have an 800 lb. safe (that my boss didn't want anymore-unfortunately 95% concrete with a 2 gallon storage capacity) in the garage with a big bag of odd-ball silver coins I've collected over the years, and some coin collections that came out of my father's estate, wills, passports, etc. Off topic question to people that use credit cards for every purchase--do you go through the statement every month and verify every transaction or just trust that all the purchases are yours? How would you be able to remember if the purchases are yours with transactions over 200+?
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Old 03-11-2009, 07:50 AM   #52
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Off topic question to people that use credit cards for every purchase--do you go through the statement every month and verify every transaction or just trust that all the purchases are yours? How would you be able to remember if the purchases are yours with transactions over 200+?
I don't use credit cards for every purchase (don't even have one), but I'd think that they would have to look at their credit card purchases online every day, just as I do with my debit card purchases.

Over 200+ transactions/month would average around 7/day, a pretty high number for many of us. Still, even if someone had 7 transactions per day, it's easy to remember what you spend each day if you check the account online each day.
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Old 03-11-2009, 08:40 AM   #53
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Maybe I have an over-active imagination, but if our current economy should go to a possible conclusion of collapse, won't my bank account, money markets, and ATM machines be worthless. I wonder if it wouldn't be prudent to have maybe $10,000 in cash for buying neccesities when the system is totally gone.
Why would cash have any value in a Mad Max scenario? I'd think you would want it to be in gold or something.
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Old 03-11-2009, 11:06 AM   #54
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I don't use credit cards for every purchase (don't even have one), but I'd think that they would have to look at their credit card purchases online every day, just as I do with my debit card purchases.

Over 200+ transactions/month would average around 7/day, a pretty high number for many of us. Still, even if someone had 7 transactions per day, it's easy to remember what you spend each day if you check the account online each day.
i use a credit card (i get 2% cash back on all purchases) when/where ever i can (i even charge a couple of utility bills) but i dont come close to 200 transactions a month. i look at all the charges on my statement and if i dont remember what 1 is for i call the CC co and let them remind me what the charge was for.
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Old 03-11-2009, 11:13 AM   #55
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The only assets I keep at home are my I-Bonds, a bag of silver coins, a couple of gold coins and a few diamond rings. I keep $50 to $100 in my wallet.
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Old 03-11-2009, 02:04 PM   #56
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question to people that use credit cards for every purchase--do you go through the statement every month and verify every transaction or just trust that all the purchases are yours? How would you be able to remember if the purchases are yours with transactions over 200+?
Look at them every couple days, both on-line banking (debit card transactions) and credit cards (Master card and AMEX). I use AMEX for most purchases over $25 and any gasoline (5% cash back). Also, AMEX gives extended warranties on purchases like electronics and appliances. They are great if you have a dispute with the merchant. Master card says purchase disputes are between me and the merchant and have never sided with me on a dispute; however, they were good with me on a stolen identity purchase of $3000. I just like a paperwork trail and quarterly, AMEX sends me a recap showing me where all the money went. Also, I look at the store receipt before I walk out the door. You'd be surprised at the errors made by electronic scanners. If you buy something on sale, many times the sale price didn't get into the computer. At Publix Supermarket, if an item is scanned wrong, you keep the item and they refund you the purchase price. They used to give you $5 back but I guess there were so many errors they changed the policy. Same at WalMart. Now they just refund you the difference. Too many errors were costing them a lot. Just look at you receipt before you leave.
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Old 03-11-2009, 02:26 PM   #57
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... Daughter and son-in-law have visited (they are cashless types) and have needed cash to go out to bars, etc., so they'll write us a check for $100. ....
Every bar I've been to has let me run a tab on a credit card.

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Off topic question to people that use credit cards for every purchase--do you go through the statement every month and verify every transaction or just trust that all the purchases are yours? How would you be able to remember if the purchases are yours with transactions over 200+?
It's trivial because (a) the transactions are not 200+, usually around 50 and (b) they are the same ol' ones every month. Furthermore, I use specific cards to get the most cash back. For example, there is one card for groceries and gas. If I see a charge not for groceries and gas on that card, I ask my spouse about it. So it takes at most 3 seconds to check the statement.
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Old 03-11-2009, 02:35 PM   #58
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My EE bonds, winter power out emergency cash $500, summer cash stash $200, several coin filled bottles, less than $100 in purse.
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Old 03-11-2009, 02:56 PM   #59
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we used ATM cards to a fault. We had little money to begin with and those fees added up.
What fees? Can't you use the ATM from your bank for no fee, or use a CU or USAA type thing where they reimburse you for any foreign ATM fees?
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Old 03-11-2009, 03:14 PM   #60
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What fees? Can't you use the ATM from your bank for no fee, or use a CU or USAA type thing where they reimburse you for any foreign ATM fees?
25 years ago our credit union had no ATM and very limited hours which didn't jive with ours. So anytime (which was all the time) we used an ATM it cost $1.50. He made $700 a month as a public school teacher in those days and our house payment was $344. The fees added up so we went cash only and have stayed that way. Not even tempted to do the ATM thing!
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