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Cold Hard Cash
Old 06-09-2006, 02:27 PM   #1
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Cold Hard Cash

Couple weeks ago a congressman got caught with $80,000 in his freezer. :

Well, it got me to thinking about what was the most cash hot or cold I've had on me or in the house - never in the freezer - if I ever do get a big payoff I'll know now not to hide it there

I don't think I've ever had more than like maybe $2,000.
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Re: Cold Hard Cash
Old 06-09-2006, 02:38 PM   #2
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Re: Cold Hard Cash

I don't think it hurts to have at least a couple of weeks worth of cash on hand. Catastrophic events (natural and otherwise) often make ATMs and credit cards useless.
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Re: Cold Hard Cash
Old 06-09-2006, 02:39 PM   #3
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Re: Cold Hard Cash

My dad has always been self employed (in my living memory, anyway) and usually in a cash business. *Hates credit cards, etc. *You would not believe the wads of cash I have seen him toting around (let alone the inventory for his jewelry business).

Me, most I have is usually a hundred bucks or so. *Dad doesn't get it.
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Re: Cold Hard Cash
Old 06-09-2006, 02:54 PM   #4
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Re: Cold Hard Cash

True confessions:

I cashed my last paycheck in 1999, just in case. Oh, the shame!
Normally we keep $100-200 around, and we carry that much between us, too. But none in the freezer
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Re: Cold Hard Cash
Old 06-09-2006, 02:58 PM   #5
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Re: Cold Hard Cash

As we saw last fall, during natural disasters and the like it can be very hard to get cash.


I like to keep a good supply handy just in case, along with lots of ammo


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Re: Cold Hard Cash
Old 06-09-2006, 03:03 PM   #6
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Re: Cold Hard Cash

.
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Re: Cold Hard Cash
Old 06-09-2006, 03:09 PM   #7
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Re: Cold Hard Cash

Way back I used to have stock certificates in my apartment - under the mattress
I came home one friday night to find the place ransacked - mattress turned over - certificates still there.
I believe the burglar evaluated them, realized that they were just about worthless :P and took the tape deck instead.
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Re: Cold Hard Cash
Old 06-09-2006, 04:33 PM   #8
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Re: Cold Hard Cash

my ol'man used to keep gold coins and about 5-10k cash in 100s in safe deposit box. somehow mom discovered it mid-alzheimer's. she'd have the aide drive her to the bank where mom would raid the box. she was like a kid with this seemingly endless supply of money. it was very funny.

but then she started carrying too much and at stores she'd get confused and hand the cashier a couple o'hundreds for a $4 item. she was making herself a target so we had to take her piggy bank away from her. so sad. no more monopoly money for mom.
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Re: Cold Hard Cash
Old 06-09-2006, 07:18 PM   #9
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Re: Cold Hard Cash

A few years ago I started collecting $100 bills. I was bringing in a lot of cash at the time and I was also selling a few collectibles. Every time I took the money in 100's.

Then I sold a car for a few thousand and had more 100's. I kept them in an old file cabinet.

When I got to somewhere over $15,000 in $100 bills I decided that it was too much cash to have at home. I took it to a couple of banks to deposit so I could keep each deposit under the $10,000 cash limit they have to report.

When I slapped all the bills down, a young male teller let out a soft yelp.

I never understood that. He must have seen more cash than that working in a bank. Maybe he thought I was a drug dealer.

Anyway that was fun for awhile.
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Re: Cold Hard Cash
Old 06-09-2006, 07:29 PM   #10
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Re: Cold Hard Cash

Quote:
Originally Posted by boont
When I slapped all the bills down, a young male teller let out a soft yelp.
He was probably the junior teller assigned to checking all those serial numbers for counterfeits.
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Re: Cold Hard Cash
Old 06-09-2006, 07:51 PM   #11
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Re: Cold Hard Cash

In the early 80's when DD was just learning to walk I sold a car. The guy paid me with 14 crisp red/orange Canadian 50's. I stashed it in a drawer planning not to have to visit the bank for a month or so. Then one day I'm changing DD's diaper, what do I find but bits of red/orange paper.

She's been costing me money ever since.
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Re: Cold Hard Cash
Old 06-09-2006, 08:06 PM   #12
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Re: Cold Hard Cash


$1,000, and replaced when used. Part of my asset allocation.
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Re: Cold Hard Cash
Old 06-09-2006, 08:31 PM   #13
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Re: Cold Hard Cash

This thread has got me thinking about keeping more cash onhand. I usually have no more than $40 available since I always assume I can get more at any atm machines.
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Re: Cold Hard Cash
Old 06-09-2006, 08:43 PM   #14
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Re: Cold Hard Cash

Quote:
Originally Posted by vagabond
This thread has got me thinking about keeping more cash onhand. I usually have no more than $40 available since I always assume I can get more at any atm machines.
Same here. The only time we have cash piled up is when we're scouting a Craigslist purchase. We can get money from an ATM in five minutes from our house... plenty of time when the hurricane/tsunami sirens start wailing.
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Re: Cold Hard Cash
Old 06-09-2006, 08:59 PM   #15
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Re: Cold Hard Cash

Maybe, but when Rita seemed to be heading for the Texas coast enroute to Houston, DW said there was a run on the ATMs and she was simply lucky she found one she could pull out her daily limit on...and that was on a Wednesday before the storm was not due to hit Galveston until Friday.

The local branches could not resupply the ATM's because traffic jams had shut down armored services. You cannot wait too long.
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Re: Cold Hard Cash
Old 06-09-2006, 09:05 PM   #16
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Re: Cold Hard Cash

Quote:
Originally Posted by Nords
Same here.* The only time we have cash piled up is when we're scouting a Craigslist purchase.* We can get money from an ATM in five minutes from our house... plenty of time when the hurricane/tsunami sirens start wailing.
But aren't you limited to a max of a few hundred dollars per day from an ATM? Last time I checked the max was $300, but that was a few years ago.
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Re: Cold Hard Cash
Old 06-09-2006, 10:33 PM   #17
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Re: Cold Hard Cash

Quote:
Originally Posted by IBWino
I don't think it hurts to have at least a couple of weeks worth of cash on hand. Catastrophic events (natural and otherwise) often make ATMs and credit cards useless.
I agree, a couple days after Katrina we were in Biloxi and cash was king (and nothing bigger than a twenty dollar bill was being accepted). Because of my experience I keep a few hundred dollars readily accessible, a 55 gallon drum for potable water and a 55 gallon fuel drum. I may never need them again but I already did need them once!
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Re: Cold Hard Cash
Old 06-09-2006, 10:38 PM   #18
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Re: Cold Hard Cash

Quote:
Originally Posted by retire@40
But aren't you limited to a max of a few hundred dollars per day from an ATM?* Last time I checked the max was $300, but that was a few years ago.
Depends on your bank. I actually deliberately have asked my bank to limit the amount of withdrawals from the ATM to $200 /day. This in case the card is ever stolen and PIN compromised. This was from a bit of advice I read in a financial article some months back. I figured I would never need to draw more than $200/day using the ATM, and I never keep more than $200 in the house anyway (apart from November, 1999 when I kept $500 in case of a rush on ATM's over the millenium panic).
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Re: Cold Hard Cash
Old 06-09-2006, 11:02 PM   #19
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Re: Cold Hard Cash

I have about $5k in cash at home. There is a kind of comfort in actually having it around .....just in case. Another one of those sense of security issues for me.
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Re: Cold Hard Cash
Old 06-09-2006, 11:07 PM   #20
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Re: Cold Hard Cash

Quote:
Originally Posted by AltaRed
Maybe, but when Rita seemed to be heading for the Texas coast enroute to Houston, DW said there was a run on the ATMs and she was simply lucky she found one she could pull out her daily limit on...and that was on a Wednesday before the storm was not due to hit Galveston until Friday.
The local branches could not resupply the ATM's because traffic jams had shut down armored services.* You cannot wait too long.
Good point.* We'd probably start our hurricane prep list when the Red Cross called to ask if spouse was still available to staff the shelter...
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