|
|
10-21-2016, 04:45 PM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
|
Stash of Cash?
I've never held onto a large amount of cash, but the targeted attacks today (denial of Internet service) and a lot of grumbling of 'it's going to get worse before it's better' by some pretty smart IT folks (like Krebs) has me thinking that having some cash on hand may not be a bad idea. I'm not a conspiracy theory kinda guy, but I like to be prepared too...so, I am curious as to what some of the fine folks here are thinking.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
10-21-2016, 04:59 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
|
You mean in the bank or in the mattress?
|
|
|
10-21-2016, 05:26 PM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,972
|
I have a few hundred "under the mattress" and about 2 weeks worth of food.
So even if the internet died, besides all the free time I'd have
we would survive until the grocery cashiers learned how to add without cash registers.
|
|
|
10-21-2016, 05:30 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,960
|
I've always kept a few hundred in the house just on general principle. And that means always. Going back decades. Because Ya never know
|
|
|
10-21-2016, 06:08 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
|
Quote:
Originally Posted by Sunset
I have a few hundred "under the mattress" and about 2 weeks worth of food.
So even if the internet died, besides all the free time I'd have
we would survive until the grocery cashiers learned how to add without cash registers.
|
I suspect you'd starve before that happened.
I've got a couple thou stashed. I got it during the 9/11 worries, and have just kept it since. The only time I ever think about it is when one of these threads come along.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
|
|
|
10-21-2016, 06:17 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
|
Dunno. We tend to have cash stashed here and there, but it isn't shown as a tracked item in Quicken and it only gets counted when we look. 5-15k
usually.
|
|
|
10-21-2016, 06:31 PM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
|
I usually keep a couple or three hundred in cash in the house just in case. It has come in handy on occasion and it would be an easy months worth of gas and groceries in an extended power outage or internet disaster.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
|
|
|
10-21-2016, 06:33 PM
|
#8
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
|
Quote:
Originally Posted by ExFlyBoy5
I've never held onto a large amount of cash, but the targeted attacks today (denial of Internet service) and a lot of grumbling of 'it's going to get worse before it's better' by some pretty smart IT folks (like Krebs) has me thinking that having some cash on hand may not be a bad idea. I'm not a conspiracy theory kinda guy, but I like to be prepared too...so, I am curious as to what some of the fine folks here are thinking.
|
Good idea! I don't think it would do any harm to get a few hundred from the ATM tomorrow, and to fill the car with gas. Right now I have $20. That won't last me long.
Also, I am way overdo to go grocery shopping. Meant to go today, but just didn't. My refrigerator and freezer are almost empty at the moment. I suppose I could survive for a few weeks on what I have in my pantry, but survival and eating well are pretty far apart.
It's odd - - last night I asked F if he had had trouble with internet connections (since we have the same cable provider). It was that noticeable to me. But from what I gather, from Reuters, supposedly it didn't start until this morning.
__________________
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!
|
|
|
10-21-2016, 06:45 PM
|
#9
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
|
It is interesting that the habit of stashing cash was big with those who were adults during the depression. (likley the period around the time FDR took office and the banks were all closed). Recall that it took a couple of weeks for them to reopen at the time. (and some had been closed for weeks before hand)
|
|
|
10-21-2016, 06:48 PM
|
#10
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
|
Quote:
Originally Posted by calmloki
Dunno. We tend to have cash stashed here and there, but it isn't shown as a tracked item in Quicken and it only gets counted when we look. 5-15k
usually.
|
Oh, you are PREPARED!!! I like that and probably should think about doing the same in the future. It must be hard to know where to put it, though if one gets that little issue figured out then it would be handy after a hurricane or whatever.
__________________
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!
|
|
|
10-21-2016, 08:43 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Sep 2007
Posts: 1,195
|
You should always have a comfortable chunk of money close at hand. We have an account at a nearby bank for that very reason, even though our main bank is an internet bank.
For paper cash in your house, make sure you have a hundred or so in each small denomination -- $1, $5, $10, $20. In a SHTF scenario, you don't want to have to pay a chainsaw guy $20 but only have $100 bills. Instead of getting $80 back, your tree removal will suddenly be a $100 job.
|
|
|
10-21-2016, 08:43 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
|
Quote:
Originally Posted by W2R
Oh, you are PREPARED!!! I like that and probably should think about doing the same in the future. It must be hard to know where to put it, though if one gets that little issue figured out then it would be handy after a hurricane or whatever.
|
I've put it in books, a mantle clock, odd places in the attic, up on a shelf behind a sink ... I've also re-found money in the pocket of an old coat. Earns no interest, I'm sure some has been misplaced and lost, so it's kinda dumb. Still, when we bought a used BMW a year ago we just had to bring some piles together and go buy it. A long established habit from when I played savings games with myself - hundreds couldn't be spent, so they just grew into thousand dollar stacks. Still tend to just keep the hundred dollar bills that cross my paw...
|
|
|
10-21-2016, 08:52 PM
|
#13
|
Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Ex-Cali
Posts: 1,231
|
We were on Maui this summer. They had fires that caused loss of power and internet to most of Lahanhia one afternoon. 90% of the stores were still doing business. A few did close down. Our hotel was without internet for a couple days but luckily they were still serving drinks by the pool. Point is I think our society will survive.
__________________
______________________
The plan was September 1, 2022 and I am 95% there. Still working a few hours a week at the real job.
|
|
|
10-21-2016, 09:00 PM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
|
Quote:
Originally Posted by rayvt
You should always have a comfortable chunk of money close at hand. We have an account at a nearby bank for that very reason, even though our main bank is an internet bank.
For paper cash in your house, make sure you have a hundred or so in each small denomination -- $1, $5, $10, $20. In a SHTF scenario, you don't want to have to pay a chainsaw guy $20 but only have $100 bills. Instead of getting $80 back, your tree removal will suddenly be a $100 job.
|
It might not hurt in addition to have some quarters as well.
|
|
|
10-21-2016, 09:12 PM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,194
|
I usually have anywhere from $50 ish to $300 in cash... a few times more if I know I am going to be using some... there are too many times when the DD comes by and says "I need $10 for this"....
My now deceased BIL used to have $10K to $30K in cash in a floor safe he installed in his house... I think it was because he was a contractor for many years and just carried around cash for many things...
|
|
|
10-21-2016, 09:27 PM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,504
|
Have 1000 squirreled away in the wine cellar. Probably not a bad idea to have more. (Not like we'll suffer from the loss of interest available in our BoA checking account!)
Anyone gets into that storage area, the cash will still be safe.
__________________
OMY * 3 2ish Done 7.28.17
|
|
|
10-21-2016, 10:29 PM
|
#17
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,972
|
Quote:
Originally Posted by CaliKid
We were on Maui this summer. They had fires that caused loss of power and internet to most of Lahanhia one afternoon. 90% of the stores were still doing business. A few did close down. Our hotel was without internet for a couple days but luckily they were still serving drinks by the pool. Point is I think our society will survive.
|
One afternoon is nothing.
A better example would the the NorthEast blackout of 2003.
I was there, and gas stations could not pump gas as they didn't have electric power (some got smart and used generators).
Banks were closed.
Large grocery stores were closed as the frozen and refrigerated food spoiled, and their cash registers couldn't work.
And they decided not to sell anything as the stores were dark (dangerous) and grocery stores have an inventory system, when you buy X, the system knows how many more X to order. So selling without using the system would cause them more headaches.
https://en.wikipedia.org/wiki/Northe...ackout_of_2003
"
The Northeast blackout of 2003 was a widespread power outage that occurred throughout parts of the Northeastern and Midwestern United States and the Canadian province of Ontario on Thursday, August 14, 2003, just after 4:10 p.m. EDT. [1]
Some power was restored by 11 p.m. Many others did not get their power back until two days later. In more remote areas it took nearly a week to restore power. [2] .........The outage, which was much more widespread than the Northeast Blackout of 1965, affected an estimated 10 million people in Ontario and 45 million people in eight U.S. states."
|
|
|
10-22-2016, 02:27 AM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,707
|
Quote:
Originally Posted by meierlde
It might not hurt in addition to have some quarters as well.
|
Yep, nickels, dimes and pennies as well. Makes for exact change. Added advantage: Rolled up in a sweat sock, they make a great weapon which, so far, has not been outlawed - helping you to hang onto the paper money.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
10-22-2016, 05:57 AM
|
#19
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
|
I've got about $500 worth of pennies taking up space. I'll consider that my backup stash.
My mother kept about $1000 in $100 bills. I was thought that was silly but looks like she was ahead of her time. Probably a good idea to keep some pigeon holed somewhere.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
10-22-2016, 06:00 AM
|
#20
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,313
|
Now you have me worrying that I don't have a big enough chuck of cash available. Of course, if it gets bad enough that you need loads of cash guns may be in more demand. But that is another thread.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|