Comments on: Should You Keep “Emergency Cash” At Home?

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By: John Reilly

John Reilly — Sun, 04 Dec 2011 23:59:45 +0000

A fire proof safe built into the wall or floor is a great idea. More people today are doing this. Professional safe’s for jewelry and money run about $5000.00. Buying a safe at Staples will do nothing for you and really aren’t safe’s, just something for a thief or some worker in your house to steal. Cash in a safe deposit box is a good idea too.

By: Dillard

Dillard — Sat, 26 Nov 2011 20:10:03 +0000

Even cash is not worth much if the stores are MT in a day or two. A several day supply of food and water is worth even more than silver or gold. It could be that your utilities could go down for several days. Sad but true.

By: andy

andy — Sun, 18 Sep 2011 12:16:08 +0000

enought to live for 2 months

By: Ghodna

Ghodna — Sun, 04 Sep 2011 10:33:18 +0000

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By: Jason @ M$M

Jason @ M$M — Tue, 09 Mar 2010 22:07:20 +0000

I agree, a couple hundred max. If you need more than that, odds are the economy has collapsed along with those banks, and it won't matter anyway!

By: G.Patterson

G.Patterson — Tue, 09 Mar 2010 01:41:31 +0000

A few hundred bucks may be all that you would need. Just enough to cover the basic necessities for two weeks at the max.

By: Ken

Ken — Sun, 07 Mar 2010 02:35:59 +0000

Yeah maybe a couple hundred dollars at the max.

By: LeanLifeCoach

LeanLifeCoach — Sat, 06 Mar 2010 17:25:05 +0000

We lived in California for a time. While we were not impacted the quake at Northridge changed our opinion about keeping cash on hand. In a Haiti like situation gold is not as valuable as cold hard cash!

By: 20smoney

20smoney — Fri, 05 Mar 2010 20:35:48 +0000

Yes, there is definitely risk with keeping cash at home, but even keeping $500 or so at home might be a good idea if a major emergency occurs. If your house explodes, you might lose that $500 though

Yeah, I'm not saying you should keep like $5,000 at home or anything, altho maybe some people do?