Friday, March 15, 2013

Bogleheads • View topic - Cash - do you keep a stash on hand?



travellight wrote:wow, I thought I had things covered but gr8's post about quarters makes sense. In a calamity, I can always raid vending machines with change. Will add to my to do list. (I don't think I need to bury it in my yard though.)



I didn't quite get it.


First, why bury it? That would only make in inaccessible 5 months of the year where I live, and pretty conspicuous the rest of the year if it had to be accessed.


Second - vending machines? In a calamity, while looters are breaking into stores and mobs are in the streets, taking a bag of quarters down to the local 7-11 to purchase from an out-of-power vending machine might not be effective.


Lastly, while gr8 is right that you're not going to find change for a $20, I also doubt it's a time to be frugal, and I doubt much will be for sale for less.


Naturally, it depends on the emergency. I don't believe in predicting markets or emergencies, so I prepare and diversify for both.




Source:


http://www.bogleheads.org/forum/viewtopic.php?f=2&t=87748&p=1642501






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