How much cash do you keep available for emergencies? (outside of the bank)

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[ARCHIVED THREAD] - How much cash do you keep available for emergencies? (outside of the bank)

Kevin993 Joined Sep 2004 Posts 109 EE Offline CT, USA	Posted: 2/23/2007 1:10:41 PM EST [Last Edit: 2/23/2007 1:10:52 PM EST by Kevin993] I was thinking about my how much cash I had at home today. I only keep around $200 in cash. If a disaster were to occur ATM machines, credit card processors, and banks could all be unavailable. Which would leave me in trouble. So the question is, how much cash should one keep on hand?

M4MikelA3 Joined Oct 2004 Posts 231 EE Offline OK, USA	Posted: 2/23/2007 1:11:56 PM EST I keep trade goods instead.

falaholic1 Joined Jun 2005 Posts 3267 EE Offline TX, USA	Posted: 2/23/2007 1:13:02 PM EST It would be a mass disaster to keep you away from a working ATM. At that point, $200 isn't worth shit, it's who has the most ammo and friends.

Kevin993

Joined Sep 2004
Posts 110
EE Offline

CT, USA

Posted: 2/23/2007 1:15:51 PM EST

Originally Posted By falaholic1:
It would be a mass disaster to keep you away from a working ATM. At that point, $200 isn't worth shit, it's who has the most ammo and friends.

Well during hurricane Wilma in Florida the power was out everywhere for a week. No ATM machines worked and no banks were open.

Primos

Joined Jun 2006
Posts 2256
EE Offline

UT, USA

Posted: 2/23/2007 1:22:15 PM EST

Originally Posted By falaholic1:
It would be a mass disaster to keep you away from a working ATM. At that point, $200 isn't worth shit, it's who has the most ammo and friends.

Though the arfcommers wet dream, i doubt it.

Have cash on hand.

MrClean4Hire We miss you Wayne Joined Mar 2004 Posts 21366 EE Offline TN, USA	Posted: 2/23/2007 1:27:44 PM EST I keep 15k in the safe. Small bills mostly. In a disaster, cash is king most of the time.
	And when I vest my flashing sword and my hand takes hold in judgement I will take vengeance upon mine enemies And I will repay those who hate me O Lord, raise me to Thy right hand and count me among Thy saints.

Kevin993

Joined Sep 2004
Posts 111
EE Offline

CT, USA

Posted: 2/23/2007 1:31:05 PM EST

Originally Posted By MrClean4Hire:
I keep 15k in the safe.

Small bills mostly.

In a disaster, cash is king most of the time.

Small bills huh? Holy cow, that must be one nice looking stack of cash.

packnru Joined Oct 2004 Posts 1023 EE Offline VA, USA	Posted: 2/23/2007 1:32:45 PM EST When the tax refund gets here, I'm going to put $1,000 in the safe. I'm going to attempt to add to that each payday.

Taffy223

Member

Joined Jan 2005
Posts 5113
EE Offline

GBR

Posted: 2/23/2007 1:33:34 PM EST

Originally Posted By MrClean4Hire:
I keep 15k in the safe.

Small bills mostly.

In a disaster, cash is king most of the time.

I admit to being ignorant in these matters but...

I'd have thought food or water would carry more value in a SHTF situation.

Cheers
Taffy

I know I'm not going to understand women.
I'll never understand how you can take boiling hot wax, pour it onto your upper thigh, rip the hair out by the root, and still be afraid of a spider.

كافر

fxntime Member Joined Jan 2003 Posts 8638 EE Offline MI, USA	Posted: 2/23/2007 1:34:23 PM EST "Enuf"
	I do not have a license to kill, but I do have a learner's permit. Ammo's? We don't need no steenking ammo's!!!!!! Hey Jimbo!!! Read the U.S. Constitution, it says NOTHING about hunting.

ED_P Member Joined Dec 2001 Posts 3447 EE Offline NH, USA	Posted: 2/23/2007 1:35:26 PM EST I think the key is to have it in several places. 1. In your house. A reasonable stash for extended power outtage when cash is king. 2. In your car. Same reason as above, but for gas/hotel, food. 3. In your BOB. Same reasons as above.

Q3131A PRNJ Escapee Joined Jan 2001 Posts 9225 EE Offline FL, USA	Posted: 2/23/2007 1:35:33 PM EST You should keep 5% of your income as an emergency fund. Do I? Well, not at the moment.
	If it ain't broken, don't break it. Hell even if gas was 35 cents a gallon, North Korea was a beautiful vacation destination, the Muslims loved us, and Jesse Jackson had become a conservative, it would still be time to buy more ammo. - gus

Gunner1X Crusty on the outside, tender in the middle. Joined May 2001 Posts 11278 EE Offline TX, USA	Posted: 2/23/2007 1:35:36 PM EST I keep a roll of quarters in my thong at all times.
	You should have pulled my finger when you had the chance.

MrClean4Hire

We miss you Wayne

Joined Mar 2004
Posts 21368
EE Offline

TN, USA

Posted: 2/23/2007 1:35:45 PM EST

Originally Posted By Taffy223:

Originally Posted By MrClean4Hire:
I keep 15k in the safe.

Small bills mostly.

In a disaster, cash is king most of the time.

I admit to being ignorant in these matters but...

I'd have thought food or water would carry more value in a SHTF situation.

Cheers
Taffy

I have that also, depends on the situation.
I try and be prepared for everything I can think of and I still won't be completely prepared even then.

And when I vest my flashing sword and my hand takes hold in judgement I will take vengeance upon mine enemies And I will repay those who hate me O Lord, raise me to Thy right hand and count me among Thy saints.

tc556guy Member Joined Dec 2004 Posts 10658 EE Offline USA	Posted: 2/23/2007 3:52:53 PM EST Varies from zero to hundreds, depending on what day you catch me.
	post contains personal opinion only and should not be considered information released in an official capacity

greenranger Joined Aug 2004 Posts 1689 EE Offline GA, USA	Posted: 2/23/2007 4:03:26 PM EST Women are born with all the cash and trade goods they need. GR

AZ_Sky Member Joined Mar 2002 Posts 1475 EE Offline AZ, USA	Posted: 2/23/2007 4:03:32 PM EST I presently have $700 in 50's in the house safe. Not because of a SHTF situation, but because many times I just don't like to go to the bank before I go out for dinner (or what ever).
	"Never ascribe malice to a situation that can be explained by ignorance."

MAT-49 Joined Oct 2006 Posts 495 EE Offline GA, USA	Posted: 2/23/2007 4:06:04 PM EST I will wait for FEMA and Red Cross to hand out gift cards. why worry?

albob Joined Feb 2002 Posts 4482 EE Offline AZ, USA	Posted: 2/23/2007 4:07:24 PM EST I have two pennies, one in each loafer. AB

ProfGAB101 2 Arms and Dangerous. Joined Aug 2002 Posts 3003 EE Offline CO, USA	Posted: 2/23/2007 4:11:32 PM EST $200 to $2000 depending on mood and current OT. Being able to present CASH at the critical moment has served me well.
	anything less than 800rnds wasn't worth getting the gun dirty. April 6, 2006 - Has now past... Time to Lawyer up again.

MyakkaVice Member Joined Dec 2005 Posts 952 EE Offline FL, USA	Posted: 2/23/2007 4:12:53 PM EST About $50.-
	Myakka City, Florida.

RckClimber Joined Jul 2006 Posts 880 EE Offline UT, USA	Posted: 2/23/2007 4:23:17 PM EST I'm shooting for 2K in $20's or smaller. Right now, I have almost 1K, not including PM's. I also have the food/water/TP/ammo/medicine/batteries/silver/shelter/cooking supplies/lighting stash as well.

macman37 The One Man Wrecking Machine Joined Mar 2003 Posts 20481 EE Offline MI, USA	Posted: 2/23/2007 4:24:04 PM EST Used to be ~$1500 ... now it's about $30
	Join the NRA It's for the children. "What kind of man was Macman37? The kind of man who demanded the best but obviously had no regard for his personal safety. Why the f*ck did he drive through a mine field?" - Quantum77

C-4 Unrepentant Mosin-Nagant Addict Joined Mar 2003 Posts 9444 EE Offline NH, USA	Posted: 2/23/2007 4:43:30 PM EST It's also great for bribing people. "In God We Trust, All Others Must Pay Cash."
	"Quantity has a quality all its own." --Joseph Stalin

jnojr

Joined Feb 2005
Posts 826
EE Offline

CA, USA

Posted: 2/23/2007 6:19:08 PM EST

I wouldn't be able to bear keeping a lot of cash around. The longer it sits there, the less it's worth.

If you're going to keep value just sitting and collecting dust, I'd buy bags of silver coins and small gold coins. Those will not lose their value, and will be a huge asset if the disaster is an economic collapse, where FRNs will not even make good toilet paper.

AcidGambit Joined Feb 2001 Posts 3947 EE Offline USA	Posted: 2/23/2007 6:20:19 PM EST [Last Edit: 2/23/2007 6:20:36 PM EST by AcidGambit] 6mo worth of bills and food.

yipykyah_mf

Joined Apr 2005
Posts 283
EE Offline

USA

Posted: 2/23/2007 6:26:04 PM EST

Originally Posted By MAT-49:
I will wait for FEMA and Red Cross to hand out gift cards.

why worry?

Shit, I'd be wadin' through the water wit Lootie! I luvs a muh-fuggin' free Heineken and smokes.

Ranger689 Member Joined Sep 2002 Posts 777 EE Offline WA, USA	Posted: 2/23/2007 6:31:51 PM EST I live in a Liberal "Progressive" city, in the event of a major catastrophe I'll just take what I need
	There is a fine line between being hard and being stupid

krpind Member Joined May 2004 Posts 10107 EE Offline TX, USA	Posted: 2/23/2007 6:38:01 PM EST [Last Edit: 2/24/2007 6:11:17 AM EST by krpind] . drunk post....
	ARFCOM.....Time well wasted. Originally Posted By NAM: Bottom line: I couldn't disagree with you more. But I'll fight to the death that you have a right to disagree.

Teakyman Joined Jan 2007 Posts 71 EE Offline NY, USA	Posted: 2/23/2007 6:38:52 PM EST listen, i consider myself well prepared...ive got a reasonable jar of change...excpet to quarters....cause they turn into beer money...ahh the joy of college...bein broke as hell....grrrr.

aaron_fsp

Joined Sep 2006
Posts 1721
EE Offline

USA

Posted: 2/23/2007 6:39:09 PM EST

[Last Edit: 2/23/2007 6:44:03 PM EST by aaron_fsp]

Whatever you keep on hand in cash,
keep it in FIVES AND TENS! A twenty is useless
when people cant make change for small
purchases. I know people say it loses value under
your mattress , but google fractional reserve system
and you'll understand why its better than a bank.
If we ever have a run on banks in this country,
you be screwed without on hand cash AND barter
supplies. Canned foods, bottled water,
book matches, candles, gasoline, and staples
like rice, oats, sugar, salt, coffee, and cooking oil
will be priceless.

fxntime

Member

Joined Jan 2003
Posts 8651
EE Offline

MI, USA

Posted: 2/23/2007 6:41:53 PM EST

Originally Posted By aaron_fsp:
Whatever you keep on hand in cash,
keep it in FIVES AND TENS! A twenty is useless
when people cant make change.

Well then make it 10 308 cartridges, 9 5.56 rounds, and a 1/2 box of .22s.

Tip em a 30/06 if they are nice.

I do not have a license to kill, but I do have a learner's permit.

Ammo's? We don't need no steenking ammo's!!!!!!

Hey Jimbo!!! Read the U.S. Constitution, it says NOTHING about hunting.

kar98k My Avatar is Staring at You. Joined Sep 2005 Posts 1599 EE Offline TX, USA	Posted: 2/23/2007 6:47:56 PM EST A couple grand in $20s in a small firesafe in the big fire resistant safe.
	No situation is ever so bad that the government can't make it worse.

[ARCHIVED THREAD] - How much cash do you keep available for emergencies? (outside of the bank)

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