investor wrote:.....for emergencies such as an earthquake. During such times ATM's & credit cards probably will not work.
tbradnc wrote:I was wondering if others keep cash on hand in cash of an emergency or something too good to pass up comes along. If so, what do you consider a good amount?
I try to keep $1000 in $20s and $100s stashed away. The biggest problem I have is keeping my spouse from raiding it but for the most part it's there...
As far as walking around money I seldom carry more than $50-$100 in my wallet because I charge pretty much everything.
twacapt wrote:A chief of police told me once to carry $80-$100 on you in case some dude puts a knife or gun to your gut. If it's less than that, they might get mad and then you have a real problem. Believe me, a robbery can occur at anytime at any place. You don't have to be in a bad neighborhood.
investor wrote:always carry $100+ on person and keep perhaps $1K, in small bills, in the home for emergencies such as an earthquake. During such times ATM's & credit cards probably will not work.
RonV wrote:Never feel the need to keep more than about $10-$20 on hand, if that. Why would I? Our bank's ATMs are very conveniently located and rewards credit cards are preferred by us anyway.
Checks.filmtheory wrote:Several K in 5s 10s and 20s in an undisclosed location. During an extended power failure (we were in one a few years back) credit cards are useless but merchants will take cash of course.
natureexplorer wrote:I'm pretty sure most casinos have ATMs.Sheepdog wrote:... trip to a casino
And, thinking of it, it might actually be a good idea to walk into such a place with cash only and to leave all cards at home. (By the way, I didn't know there are Bogleheads that still don't get their ATM fees reimbursed.)Sheepdog wrote:I budget $100 at the most to lose....and I am cheap enough not to want to pay an ATM fee there or anywhere.natureexplorer wrote:I'm pretty sure most casinos have ATMs.Sheepdog wrote:... trip to a casino
Sheepdog wrote:The wife loves just getting some cash out at will, so I keep it us for her as well. (She's never used an ATM and won't.
Exige wrote:I hate cash it does not give me rewards money and if its stolen I am SOL where as when my CC was stolen it was refunded closed and got a new one a few days later!
Jordana wrote:What about the theory that you need a few thousand dollars in cash on hand in case of a disaster (financial or natural) and the banks and ATMs are closed? I do not do that but I think it is a good thing. I figure I won't need my gold bullion for the first couple months of the crisis