Cash on hand

[Broken Arrow]

Re: Cash on hand

my concept of emergency fund is like a set of nesting russian dolls!

Great analogy! That's essentially how my EFs work as well.

[LateBloomer]

Re: Cash on hand

It always bugs me when I use cash, write a check or use my bank debit card, because it isn't until I use one of those that I know that I am really spending money. And I think that's a good thing because I am forced to ask myself about the necessity of the purchase. However, having cash on hand (for me) has been a lot like having really good chocolate in the pantry, when you know it's there, you tend to remember and think about it until it's gone. So, until I become more disciplined, I sparingly keep cash on hand. My goal is to have lots of cash on hand (I wish) and to not give it much thought, then I will know that I have arrived and developed the right attitude about money as a whole.

[nanamom]

Re: Cash on hand

i usually have a couple hundred around for emergencies. I figure if the power really went out credit cards would not really do me alot of good since they couldn't scan them. That would also make it hard to access my EF in the bank.

[Ima saver]

Re: Cash on hand

I have been keeping cash in the envelope system for so many years, and I am never tempted to ever use any of it. I have my allowance for the week.

[MonkeyMama]

Re: Cash on hand

I probably should have cash but I dislike it. $20 at most on hand.

Oh well - it's a good point - I might put $200 or so aside for emergency - it probably is a good idea. It is earthquake and flood country and all that - you never know.