How Much Emergency Cash Should You Keep at Home? | WSJ Your Money Briefing

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21 Comments

  3. If the power is out across a geographic area (natural disaster), how would the gas stations or grocery stores accept payment?

  4. If the power is out registers,gas pumps don't work having cash would have very limited use

  5. If you are driving a car later in the evening and have a problem ( such as
    mechanical or accident) and a wrecker is summoned : I GUARANTEE THE
    DRIVER WILL NOT ACCEPT A CHECK OR CREDIT CAR .
    ONE LOCAL WRECKER SERVICE WILL
    ONLY REQUIRE THE VEHICLE BE TOWED TO HIS LOT AND KEPT BEHIND
    FENCE UNTIL THE CREDIT CARD
    CLEARS IN HIS OFFICE.
    I HAVE $300. CASH WELL HIDDEN IN MY AUTO….NAMES /PHONE NUMBERS OF TWO "24 HOUR WRECKER SERVICES".

  8. He does not mention RENT or
    MORTGAGE PAYMENT are $1,200 or
    $3,000…..and he suggest $200.00.

    Avoid this moron's words.
    …………

    SIX MONTHS MINIMUM!!?!

    Some of us have two+ YEARS

    ( Thirteen or more countries have
    nuclear weapons…currently, there
    are four wars in action. THINK !!
    Also, if the banks are closed and your car needs towed (accident or mechanical ) will NOT accept credit or
    check, And you are 100 miles from home …ya better have 3 or 4 hundred
    safely stashed in you vehicle.

  9. 💨 Dear c🤭ntent creat👋🏼r w👀h👀.
    Itz a new day.Plz revisit thz questi💥n.

  11. These guys mention gasoline? When power goes out, gas pumps stop working. Stores are likely damaged or stripped of essentials/or limiting purchases. The WiFi damage may make credit cards impossible for weeks or months depending on the disaster.If you didn’t evacuate for a major storm, you should have a full tank for leaving the area in case damage is extensive. Money pays for hotel or travel expenses to a family member’s city. If you stay, have a grill and propane to cook proteins already in the fridge. You have too much? Share with neighbors who didn’t plan as well. That food is not edible the next day.
    Keep large and small bills as well as rolled coins. I suggest a month of living costs, since you may have unexpected expenses.
    Hiding cash in a RICE or TEABAG box is fine if you tell somebody so they are aware of the stash. You don’t want visiting kids or grandkids dumping your pantry into the trash while they “help” by tossing expired food. Cash shaken feels very much like rice bags or tea bags.

  12. I feel like this cash needs a term, so people know what it is. If it’s not an emergency fund, is it a storm fund?

  13. Some of this is unavoidable, but food storage ain't. When you shop, buy extra of things you'll need; can/dry goods, pet supplies, sanitary products, medical stuff too. The more you can sack away like a freakin' squirrel the better. For years (before Covid) we "stocked up" on stuff we'd need during fall to avoid having to go out on the frigid cold/icy/snowy days of winter. That's providing you have the space for storage and finances to Buy in Advance. This has worked for us for the past twenty years. Yup, extra cash is essential too. Good video with interesting perspectives.

  16. Interesting as a super majority of businesses are now not taking cash, If we lose the grid, will everything be free?? because there will be no cashiers.

  17. I am a retired widow – I have $75,000 in emergency cash – that is all I can manage.

  18. Think of having both dollar and yuan at home. For yourself because you could use ATMs off bank.. Seriously!

  21. In Florida hurricane season we try to have $2,000 cash in the house. Power can be off for 1 – 2 weeks.

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