My insurance only covers $200 for cash. I keep $400 cash in the safe. Would probably keep more if insurance covers it. It's just there for unidentified catastrophes that result in the complete breakdown of the ATM system. Gas money to go somewhere else quickly I guess. Don't ask me to rationalize it.
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How much cash do you keep in a safe?
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I keep $2000 cash in the house. I don't think just $200 would cut it in the event of an actual emergency/catastrophe.
I've gone into great detail about this in my blog post, Making Over My Reserves Plan (http://retired-to-win.savingadvice.c...rves-p_106516/).
And how much is or is not covered by insurance is really not the point. (Think about it.)Retired To Win
I blog weekly on frugal living, personal finance & earlier retirement at:
retiredtowin.com
making the most of my time and my money
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Originally posted by Retired To Win View PostI keep $2000 cash in the house. I don't think just $200 would cut it in the event of an actual emergency/catastrophe.
I've gone into great detail about this in my blog post, Making Over My Reserves Plan (http://retired-to-win.savingadvice.c...rves-p_106516/).
And how much is or is not covered by insurance is really not the point. (Think about it.)
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I have no idea what our insurance covers. They can't cover much because how could you prove you had the cash?
We keep cash in the home. I'll just say its more than $200. Heck, I have more than that in my wallet most of the time.Steve
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Originally posted by rennigade View PostWhy have you been referencing your blog post one all of your recent posts?Retired To Win
I blog weekly on frugal living, personal finance & earlier retirement at:
retiredtowin.com
making the most of my time and my money
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I do not currently have a safe.... however, I do want to eventually install one, and my plan has always been to keep about $500 in there. Some of each denomination, like 1x100, 2x50, 10x20's, 5x10's, 7x5's, 15x1's ..... or something like that.
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We never have more than $300 in the house. And we don't keep it in a safe.seek knowledge, not answers
personal finance
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None. I might have about $100 in my wallet. I don't plan for these unlikely scenarios, just like I don't have a plan for the possibility of me getting run over by a bus on Monday which is far more likely than some catastrophic event that will close all the ATMs and bank branches.
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