Posted: 1/7/2010 11:34:40 PM EDT
|
How much cash do you keep on hand, "just in case"? By cash I mean legal tender, not you hoard of silver and gold coins.
Not for SHFT-TEOTWAKI, I mean something more like short term problems like the big power outage a few years back. What is your rationale for the amount? I keep $200, but I am thinking that is not enough. Probably 1 week worth of gas and groceries, + some for medical supplies or unexpected expenses, in case of a short term SHTF. |
|
Quoted: Do you miss the interest you could be earning (right now, admittedly not much) if you keep >$2000 in cash? Back in the day, 4% would lose you $80/year. I don't. The problems that were solved by having that cash on hand, far exceeded the value in interest that could have been paid to me. I also don't keep all my eggs in one basket. I keep funds spread across high yield savings (or what they call high yield these days), checking accounts, and the safe. |
| $400 in the safe, I decided on that amount because our home owners insurance only covers $400 in cash in the case of theft or fire. Didn't make sense to have $2,000 sitting in a safe uninsured, we have an alarm and the safe is heavy and huge, but everything else is in it well insured. |
|
Quoted:
i keep about $10K in the safe typically. i've recently run into some issues that have taken a piece out of that (paid off a medical bill, put new transmission in my jeep, and then had the transfer case go about 2 weeks later...), but i'll re-supply as needed. Wow. $10k is a lot of money to keep around. Even if you have a safe, I would be nervous keeping more in cash than I could comfortably lose if my house was broken into. Based on that, $2-$3 would be my limit. |