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Keeping emergency cash at home
08-17-2018, 08:45 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,341
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Keeping emergency cash at home
Almost all us depend on accessing our money via the internet but what your internet is down or even worst our internet gets hacked and is down locally, statewide or even nationwide for an extended period of time so no ATM or credit card use, how much emergency cash do you have stashed in the house.
PS: To improve my emergency plan, please message me your address and location of any loose cash lying around.
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I look to the present moment because that's where I live my life.
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08-17-2018, 08:50 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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A few hundred bucks.
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Retired since summer 1999.
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08-17-2018, 08:52 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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100 dollars.
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TGIM
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08-17-2018, 08:58 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
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Probably more than enough.
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08-17-2018, 09:02 PM
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#5
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gone traveling
Join Date: Dec 2015
Location: Berkeley, Denver, CO, USA
Posts: 1,406
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$40 USD
€10 EUR
I am ready for the elimination of paper money.
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08-17-2018, 09:03 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,464
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Depends how well I've played poker in the last few months.
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FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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08-17-2018, 09:14 PM
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#7
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Administrator
Join Date: Apr 2006
Posts: 22,923
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$2000 in cash. I've also got guns, so don't even think about it.
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Living an analog life in the Digital Age.
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08-17-2018, 09:57 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,405
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Quote:
Originally Posted by Gumby
$2000 in cash. I've also got guns, so don't even think about it.
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The guns are probably worth more than the cash...
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08-17-2018, 10:28 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,149
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Varies from a few hundred to a few thousand. The planned minimum amount is $500 but we're not very disciplined about it.
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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08-17-2018, 10:57 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Nov 2016
Location: Washington State
Posts: 2,341
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Quote:
Originally Posted by MJ
how much emergency cash do you have stashed in the house.
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A five dollar bill and three ones. That's actually more than I usually have.
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08-17-2018, 11:17 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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A thousand bucks or so. Considering that I generally have 3 to 6 months of food on hand, most of a winter's worth of firewood, etc., if I need more than a thousand dollars in cash we have big enough problems that cash probably won't be much help.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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08-17-2018, 11:55 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Y'all made me look in my wallet just now: $6.
Maybe my wife has more, but I do not know where she keeps her cash.
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"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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08-18-2018, 01:40 AM
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#13
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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I would keep several thousand in the house, but where? I can't figure out a really good place for it.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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08-18-2018, 01:48 AM
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#14
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Quote:
Originally Posted by W2R
I would keep several thousand in the house, but where? I can't figure out a really good place for it.
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In the small fireproof safe where I keep my computer backups. Those are more valuable to me than cash.
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I thought growing old would take longer.
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08-18-2018, 03:52 AM
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#15
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,021
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It varies between £50 and £200.
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Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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08-18-2018, 05:04 AM
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#16
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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I keep $20 in my Tilly hat.
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08-18-2018, 05:12 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by MJ
Almost all us depend on accessing our money via the internet but what your internet is down or even worst our internet gets hacked and is down locally, statewide or even nationwide for an extended period of time so no ATM or credit card use, how much emergency cash do you have stashed in the house.
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We have had Bank of America lock our accounts for 3 weeks, so no ATM, no bill pay, no nothing. We know we can live without using money for almost a month.
We don't have any cash at home.
So rather than stashing cash, have you not bought a single thing nor spent any money for a month? Could you do it?
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08-18-2018, 05:47 AM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,340
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I still pay for many things with cash. If I drop below $500 then I go to the bank and withdraw $1000. Generally go thru about $300/mo but like to have extra for emergencies.
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08-18-2018, 05:49 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,313
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I usually have about $300. If something happened to make cash unavailable for an extended period of time I'm not sure how valuable cash would be. Possibly sky high, possibly worthless.
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Idleness is fatal only to the mediocre -- Albert Camus
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08-18-2018, 05:51 AM
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#20
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Moderator
Join Date: Nov 2014
Posts: 9,070
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Quote:
Originally Posted by USGrant1962
Depends how well I've played poker in the last few months.
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Exactly. My gambling fund is the bulk of our cash on hand. Generally, between that, my household cash envelope and my change bucket, I’ve probably got between $500 and $1,000 cash at any point in time.
Quote:
Originally Posted by LOL!
We have had Bank of America lock our accounts for 3 weeks, so no ATM, no bill pay, no nothing. We know we can live without using money for almost a month.
We don't have any cash at home.
So rather than stashing cash, have you not bought a single thing nor spent any money for a month? Could you do it?
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I could not, not spend money for a month unless you’re talking just cash. I’m sure I could live on a credit card indefinitely. But if you’re saying absolutely no spending, I’d be in trouble. We eat took much perishable food and don’t really have a good stockpile of frozen and canned food in the house. Could I survive for a month, probably, but just do it for fun?, not likely.
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