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Re: How Much Emergency Cash Should You Keep at Home? 

By: ribit in 6TH POPE | Recommend this post (2)
Mon, 13 May 24 2:33 AM | 23 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 53115 of 60008
(This msg. is a reply to 53105 by De_Composed)
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iffen micro is hongry I will send him some grits to carry him thru the hard times.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: How Much Emergency Cash Should You Keep at Home?
By: De_Composed in 6TH POPE
Sun, 12 May 24 8:16 PM 		Msg. 53105 of 60008

micro:

Re: “how much cash would be a good amount at keep at home?

A few thousand dollars in smaller bills? 20's, ten's and fives?”It would vary, perhaps by where you live.

Think about the worst disaster that might affect you and that WOULDN'T spell the end of the United States. How long might the electricity be out? You'd want enough cash to weather whatever that period might be.

As we saw in 2005, New Orleans can go without power for a month or more. Where you live, I doubt the grid could fail for that long. Maybe if a series of bad blizzards hit back-to-back-to-back-to-back.

A war could warrant having even more money. If China invaded the U.S. and your state fell to it, you'd want cash. Your stash might enable you to buy your family passage back to an American state. But I think precious metal would work even better.

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