Poll - Coronavirus - How much cash do you keep home?

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Streptococcus
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Poll - Coronavirus - How much cash do you keep home?

Post by Streptococcus » Tue Mar 17, 2020 10:37 am

How much cash do you keep home during this crisis that could end in 2 months or be the gateway for the next great depression?

A. No cash at home; e-fund is your portfolio which has no cash
B. No cash at home but Yes cash in your bank accounts
C. Less than $1000 at home
D. $1000-$3000 at home
E. $3000-$5000 at home
F. More than $5000 at home

I pick D

Planner01
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Planner01 » Tue Mar 17, 2020 10:41 am

I grew up in a time when cash was not so common so I don’t like having a lot of liquid money around. But I did take out some money just in case the machines go down for some reason.

C. Less than $1000

oxothuk
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by oxothuk » Tue Mar 17, 2020 10:54 am

C. <$1000

This is normal for us. My primary use for cash these days is paying the barber.

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Ramjet
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Ramjet » Tue Mar 17, 2020 11:08 am

Option D

runner3081
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by runner3081 » Tue Mar 17, 2020 11:12 am

Less than 1K. Not sure how cash would help at all right now.

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VictoriaF
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by VictoriaF » Tue Mar 17, 2020 11:24 am

I have cash at home as follows:
$730
€400
£100
~$500 in Czech kronas
Small amounts in other currencies.

I had these levels of cash for a long time, well before Covid-19. This is a part of my antifragility strategy.

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

obgraham
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by obgraham » Tue Mar 17, 2020 11:26 am

D
Most of it in the form of pristine cash I hang onto for when I travel to undeveloped countries.

(As if that will happen soon!)

rjbraun
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by rjbraun » Tue Mar 17, 2020 11:33 am

I meant to get a bit more cash recently to keep on hand, but every time I was going to the timing wasn't convenient (wasn't going straight home say, and didn't want to be carrying too much money on me). I suppose I could hit an ATM the next time I go out -- exact date/time tbd. Will see.

I just placed a Whole Foods order yesterday that is scheduled for delivery tomorrow. I liked that there was a place to enter a tip (which I did, even increased it above the default option). I liked even MORE that apparently one can "edit" the amount up to 24 hours after the delivery. Brilliant. I wish more places would do that!

All of this is to say that I feel less wary about not having loaded up on cash, as I figure I don't really want to be handling cash anyway, and it's also a helpful reminder to "physical / social distance".

Answer: C - less than $1000 -- that includes the euros I still have from a trip to Rome in January :shock:

Grt2bOutdoors
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Grt2bOutdoors » Tue Mar 17, 2020 11:36 am

Enough to tide me over for a while if systems fail.
D.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

Isabelle77
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Isabelle77 » Tue Mar 17, 2020 11:39 am

Maybe $20? About a year's worth of expenses in cash in an e-fund.

While I don't see this as the type of emergency that will crash our banking system, I've never understood the rush to take out cash during a crisis. In a true critical emergency, it seems to be that bartering would become the default and cash would be useless.
Last edited by Isabelle77 on Tue Mar 17, 2020 11:39 am, edited 1 time in total.

atdharris
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by atdharris » Tue Mar 17, 2020 11:39 am

Actual cash sitting in my apartment or cash in an FDIC insured bank account? I have maybe $100 in actual cash but about $40k in various FDIC insured bank accounts

7eight9
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by 7eight9 » Tue Mar 17, 2020 11:41 am

I picked up $2,000 more this morning from Wells Fargo. They are running low on cash. --- viewtopic.php?f=1&t=307715&newpost=5104 ... d#p5104592
I guess it all could be much worse. | They could be warming up my hearse.

friar1610
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by friar1610 » Tue Mar 17, 2020 11:50 am

D

Have had it for a few years with the period immediately following hurricanes or blizzards in mind. Lotsa small bills to prevent "Sorry, but I don't have change for that $100 - shall I just keep the change?"
Friar1610

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Sheepdog
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Sheepdog » Tue Mar 17, 2020 11:52 am

Grt2bOutdoors wrote:
Tue Mar 17, 2020 11:36 am
Enough to tide me over for a while if systems fail.
<$1000 for kids selling cookies, school fundraisers. barber, system shutdown from storms, earthquakes, etc, to take to a casino for the slots ( never more than $100 gambled for each of us), very small purchases,
“One moment of patience may ward off great disaster. One moment of impatience may ruin a whole life.” — Chinese Proverb

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VictoriaF
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by VictoriaF » Tue Mar 17, 2020 11:52 am

Does cash qualify as toilet paper?

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

Isabelle77
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Isabelle77 » Tue Mar 17, 2020 11:53 am

VictoriaF wrote:
Tue Mar 17, 2020 11:52 am
Does cash qualify as toilet paper?

Victoria
TP is the new tulip mania of 2020.

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willthrill81
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by willthrill81 » Tue Mar 17, 2020 11:54 am

D but planning to move to E in a few months.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

Grt2bOutdoors
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Grt2bOutdoors » Tue Mar 17, 2020 11:55 am

VictoriaF wrote:
Tue Mar 17, 2020 11:52 am
Does cash qualify as toilet paper?

Victoria
Only at great expense! :moneybag :wink:
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

smitcat
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by smitcat » Tue Mar 17, 2020 11:55 am

We have always had more than $5000.

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VictoriaF
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by VictoriaF » Tue Mar 17, 2020 11:56 am

Isabelle77 wrote:
Tue Mar 17, 2020 11:53 am
VictoriaF wrote:
Tue Mar 17, 2020 11:52 am
Does cash qualify as toilet paper?

Victoria
TP is the new tulip mania of 2020.
TP = Tulip Preparedness.

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

terran
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by terran » Tue Mar 17, 2020 12:05 pm

$20.

Serious question: what are the possible mechanisms by which corona will mean I won't be able to use a credit card or get cash from an ATM or bank teller, but will still be able to buy things like groceries? Can anyone convince me I should go take out cash?

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Misenplace
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Re: Poll - Coronavirus - How much cash do you keep home?

Post by Misenplace » Tue Mar 17, 2020 12:12 pm

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