Your Cash Stash...

[Zombie Axe]

With the way the economy is going, banks are closing and the POSSIBLE inability to access your money, it is making more sense to store some funds accessible to you in the case of these problems.

When the power goes out and the ATM's don't work do you have some cash to get those items you may need???

If the banks or government declare a bank holiday and you got bills to pay, how are you gonna do it if your funds are LOCKED UP???

So if you have not considered keeping a few $ where you can get to them, might not be an idea in today's changing climate:eek:

[Vicious Ignernt]

ZA,

One thing you never see in someone elses BOB list is quarters. I keep 2 rolls of quarters in the vehicle, and 4 rolls in the BOB.

One of my BOB scenarios includes having to move out to a shelter due to chemical spill at a nearby interstate. So the quarters will come in handy if any vending machines are around.

Another scenario, being at/nearby a hospital, due to personal illness or being there for someone, again vending machines.

Not a shtf scenario, but a "get out of dodge" scenario, if I have to, (please, Heaven forbid) go North, quarters will be good for toll booths.

Also, it's rare to see anyone list cash in their BOB list. If it's going to be a long term Bug Out, cash is a great multi-tool.

[pathfinder3081]

My wifes family in the Ukraine has been in the hurry to go to the bank and exchange Grevnas' to us Dollars.. the bank will not let them have them. Or their own money in Grevnas. The say "Wait two, three days".. It will be better.
I have been there many times. The US dollar there is crazy. Consective #'s on 50 and 100's? no problem. The USA is Realing in the USA dollar to avoid the "infaltion Impact".. We are off the Gold standard and have a pack with the other countries. Just a little paper.
My wife used to get paid half of her pay day In US & the other Half In Grevnas (local $) I am starting to think that it will be a real problem in the Fall of this year.. Perhaps? Just a thought. If it hits, paper will be nothing, Gold and silver will mean very little until the later years. Industrial grade gold and silver (computers, switches?) these days are trash to us and the small economy. I don't think that there will be a demand for it, It has already been met.

[snal]

Several months ago, I started keeping cash from my paycheck deposit that I thought I'd need to spend that week for weekly things, rather than depositing the whole check and using checks/debit card. I'm also more frugal now, so I'm letting the weekly leftovers add up as cash in hand. At work...we're now making monthly cash deposits instead of weekly, so there's more than usual cash on hand.

[Brosia]

Until a recent emergency that depleted my funds, I was hiding money in the house. Cash to have on hand "in case." I'd like to get it back up to a couple of hundred dollars at least.

Rolls of quarters could also make a handy self-defense weapon on the run, put them in a sock.

[Vicious Ignernt]

Rolls of quarters could also make a handy self-defense weapon on the run, put them in a sock.

Now you're in my head! Welcome.

Don't worry, all those voices you hear, they're friends of mine.:D

[Loshali]

Pennies and nickels are now worth more for metal than face value anyway. I never spend a penny or a nickel. Getting that way with dimes and quarters too.
Hey, if they can do the 'round up and keep the change' at banks (where they round up the purchase to the next dollar and deposit the change in a savings account for you), then why cant I do that on my own? Amazing how much change will add up and how fast.

Loshali

[Lostinoz]

Several months ago, I started keeping cash from my paycheck deposit that I thought I'd need to spend that week for weekly things, rather than depositing the whole check and using checks/debit card. I'm also more frugal now, so I'm letting the weekly leftovers add up as cash in hand. At work...we're now making monthly cash deposits instead of weekly, so there's more than usual cash on hand.

This is what we do as well. We never put in more than what is needed to cover the bills for the week and we also pay cash for anything extra.

A few months ago, I did start throwing all of my one dollar bills into a hiding place with the mindset that perhaps larger bills could not be broken in an extreme situation.

We also keep rolls of quarters in our BOBs. :)

[TheUnboundOne]

Zombie Axe,

I'm ahead of the game. I don't bank and I haven't in years. I use a fire-resistant-water-resistant safe for anything I don't carry for immediate use. If I ever do re-establish a bank account, say, for business purposes, I won't keep any amount in the account that I can't afford to lose.

[Vicious Ignernt]

I use a fire-resistant-water-resistant safe for anything I don't carry for immediate use.

I made a great score an a fire safe a couple weeks back. Ace Hardware had those small Sentry fire safes on sale, and I got one for $20. Good insurance for coins, cash and documents.

[herbalpagan]

We got a small Sentry safe that is fire and water proof. We keep all the important papers in there, along with a copy of all our account info for the bills and morgage. I also keep tucking envelopes of twenties in it whenever I can. We also keep our change...I got hubby one of those battery operated coin rollers and we just tuck all rolled coins in a box and store them.
Once in a while the bank will offer $1.10 for rolled pennies and when that happens I'll take them in. We do all coins though, not just pennies.

[Loshali]

I made a great score an a fire safe a couple weeks back. Ace Hardware had those small Sentry fire safes on sale, and I got one for $20. Good insurance for coins, cash and documents.

I always worried about those things being too easy to carry off if I ever got burgled. The ones I've seen even have a handle for ease in carrying. Who's gonna carry it anywhere??

[unswydd]

Pennies and nickels are now worth more for metal than face value anyway. I never spend a penny or a nickel. Getting that way with dimes and quarters too.
Hey, if they can do the 'round up and keep the change' at banks (where they round up the purchase to the next dollar and deposit the change in a savings account for you), then why cant I do that on my own? Amazing how much change will add up and how fast.

Loshali

I also do this. I have a Huge jar at home that I dump all my change in to and extra dollar bills. I pretty much live pay check to pay check but I'm always able to put something in there. I knew all those wheat pennies might come in handy some day. :)

[Vicious Ignernt]

I always worried about those things being too easy to carry off if I ever got burgled. The ones I've seen even have a handle for ease in carrying. Who's gonna carry it anywhere??

Yes, it does help with carrying, I use the handle to chain it to the -----, inside the ---------, down in the -----------. Secure? Well, obviously not as secure as a safe bolted to a cement floor. But, the contents are now somewhat protected from fire, and the key and chain and placement make a smash and grab very hard to do. Hey, it's the best I can do right now.

[TLM]

I try to keep $200 in my BOB, but I occassionally borrow from it.
I try to be good about replacing it.

I used to keep money stashed in the back cover of my Bible...
but I robbed Peter to pay Paul!! ;)

Peace
TLM