While most PF bloggers have an emergency fund, or are building one, I wonder how many have a stash of cash-on-hand? Other than the coin car and the pennies collecting on the shelf above the dryer, how many people maintain a reserve of cash on hand? I do.
I keep between $200-250 available tucked away at home. It's an emergency fund already in cash. I know it's there if ATMs are down in an actual emergency, if I need to pay for a taxi for a friend, or even if the pizza delivery driver suddenly won't take a check. I don't care a lot of cash with me, to avoid the temptation to spend.
2 comments:
Indie,
Good question. I don't keep much cash on hand. I suppose if we have a bad hurricane soon in NC, I'd learn to do so.
Our small rural town could be out of electricity for days - how would we buy gasoline, food and water?
Great idea.
I think $300 - $500 should be fine.
Regards,
makingourway
www.makingourwayblog.com
Having some cash on hand is a good idea. It will help a lot. But the problem is how to save some money and not to be subject to temptation to spend it.
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