Keep Some Emergency Cash In Your Home

Keep Some Emergency Cash In Your Home

A lot of people no longer use cash in favor of debit cards. Or even credit cards. However, this is not a good idea if you are making preparations for an emergency.

You shoudl keep some emergency cash in your home, just in case you can’t access your bank account. Think that will never happen in America? Think again. All you have to do is look to what is happening in Europe right now. There are banks that have had emergencies and closed for a period of time. If that happens here, you won’t have any cash to operate.

There are other reasons too. If the power goes down, ATM machines may not be working. Computer systems definitely will not work without power. So, having some cash on hand just makes sense.

You would need to store enough cash to handle your everyday needs, for a short period of time. Things such as food, fuel and supplies can all be bought with cash. Needless to say, you will have to find a great hiding place in your home. And most importantly, KEEP YOUR MOUTH SHUT! This is something you don’t need to tell the whole world about.

One thing you can do is save all your change in a jar. Every one in a while, exchange the coins for cash and add that to your emergency stash.

This is something you will be so glad you did when an emergency comes around.