thaidyed
Dryer sheet aficionado
I enjoyed reading everyone else's responses too much not to share the norm over here in my neck of the woods (the land that CCs forgot):
-I keep up to $1000 in US100s in my wallet or at home at any one time. Entirely depends what's going on that month and how long its been since I went to the bank.
-My hubby often gets cash advances from work of say $800 US equivalent in local currency (biggest local bill is ~$5, and sometimes he doesn't get the biggest!).
-When work needed to pay villagers for land clearance, the team headed outta the office with $16,000 in local equivalent in their backpacks
Usually everything is good. Robbery is rare, but it does happen: team's driver is a pretty solid local middle class rice farmer with the driving job plus a family rental car/tourist business (minivan + driver for rent). He and his wife were both away from home one night and the house was robbed--they lost $10,000 in gold and $4000 in cash. He took one day off work to talk to the police and then showed up like nothing happened. Life savings. Gone. We have now opened him a bank account, but...
Puts CNN's rush to make us lose sleep over Indymac in perspective!
So would you say American's don't keep cash in the house because it's:
a) not earning interest
b) not safe
c) not needed?
-I keep up to $1000 in US100s in my wallet or at home at any one time. Entirely depends what's going on that month and how long its been since I went to the bank.
-My hubby often gets cash advances from work of say $800 US equivalent in local currency (biggest local bill is ~$5, and sometimes he doesn't get the biggest!).
-When work needed to pay villagers for land clearance, the team headed outta the office with $16,000 in local equivalent in their backpacks
Usually everything is good. Robbery is rare, but it does happen: team's driver is a pretty solid local middle class rice farmer with the driving job plus a family rental car/tourist business (minivan + driver for rent). He and his wife were both away from home one night and the house was robbed--they lost $10,000 in gold and $4000 in cash. He took one day off work to talk to the police and then showed up like nothing happened. Life savings. Gone. We have now opened him a bank account, but...
Puts CNN's rush to make us lose sleep over Indymac in perspective!
So would you say American's don't keep cash in the house because it's:
a) not earning interest
b) not safe
c) not needed?