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Old 09-22-2014, 06:23 AM
 
18,855 posts, read 13,607,134 times
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Quote:
Originally Posted by Escort Rider View Post
Those of us who live in earthquake country, as I do, or in hurricane country such as Florida and other Gulf Coast states, are well advised to keep some cash at home because of the possibility of power outages lasting a week or even more, during which time the ATM's would not function and bank branches would be closed.

The issue is how much cash would be a reasonable amount. In this thread people seem to be suggesting between $200 and $500, which I think is about right. Personally I prefer more than $200, but see no need for, say, $1,000.


Hurricanes aren't surprise so if one narrows in I will go get cash then there is limited need to have it 24-7 for that issue
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Old 09-22-2014, 08:22 AM
 
Location: southwestern PA
20,419 posts, read 37,643,126 times
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Quote:
Originally Posted by cakecakecake View Post
Yeah I mean I currently have about $14K at home in the same and that would DEFINITELY blow if someone stole that safe. Damn I feel so dumb compared to you guys on here.
... and where in Schenectady do you live?
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Old 09-22-2014, 11:13 AM
 
3,269 posts, read 5,051,232 times
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Quote:
Originally Posted by cakecakecake View Post
No I meant risk as in if you want to keep your savings in cash then it's a matter of how much you don't mind losing potentially in the event of a robbery or fire or whatever.
The answer to how much I don't mind losing to robbery, fire, etc. should be nearly zero. I have never kept any more cash on hand than a few hundred dollars at most. The rest of our actual "savings" is in money markets or the stock market.
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Old 09-23-2014, 05:22 AM
 
Location: Schenectady, NY
308 posts, read 402,639 times
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Quote:
Originally Posted by Pitt Chick View Post
... and where in Schenectady do you live?
Hamilton Hill. I know I know lol.
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Old 09-23-2014, 06:31 AM
 
Location: Florida
4,103 posts, read 4,274,812 times
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Savings? I don't understand the meaning of this....savings......
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Old 09-23-2014, 06:59 AM
 
18,855 posts, read 13,607,134 times
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Quote:
Originally Posted by thatguydownsouth View Post
Savings? I don't understand the meaning of this....savings......

Well that's the way to not get ahead
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Old 09-23-2014, 02:40 PM
 
2,235 posts, read 2,378,819 times
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How much cash does a person need if they have a credit card? I see folks all the time taking cash back at the grocery store when making a purchase with their credit cards.

The key is to pay off the balance each month.

Suggest using credit cards for convenience and safety purposes.
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Old 09-23-2014, 06:06 PM
 
Location: The analog world
17,086 posts, read 9,864,636 times
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I keep several hundred in cash in my wallet for household expenses, but our savings is in the bank. I would never, ever keep that much cash in my house.
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Old 09-23-2014, 11:34 PM
FBJ
 
Location: Tall Building down by the river
39,615 posts, read 50,300,864 times
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I decided to get a separate savings account that is not with my bank. I was never ever to save any money because it was so easy to transfer the money
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Old 09-23-2014, 11:38 PM
FBJ
 
Location: Tall Building down by the river
39,615 posts, read 50,300,864 times
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Quote:
Originally Posted by Lowexpectations View Post
Well that's the way to not get ahead
Depends on the poster's income and family size. Some people have nothing left to save based on what comes in and goes out on a monthly basis. I make sure i take my money off the top and send it to my savings before I pay any bills.
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