I will caveat what I said previously--it's not a bad idea to have some cash at home for emergencies... I grew up with 4-5 typhoons every year. When ATMs and electronic banking services go down, having cash on-hand is a must. However, even then it should only need to be enough for maybe 2-3 weeks of expenses. If everything is cutoff for that long, having cash onavailable is the least of your worries, and you should have gotten yourself out of the area by then. So yes, holding some emergency cash is GOOD. It just concerns us that you want to hold ONLY cash.
__________________
"Praestantia per minuti" ... "Acta non verba"
|