posted on Feb, 3 2011 @ 04:34 PM
reply to post by atomicn
While I can certainly understand your point of view [who hasn't been impatient with the old lady fumbling through her change purse for ten minutes
trying to find exact change?] you certainly have to think about the what-ifs. I'm not talking "New World Order" or anything [I personally don't
believe in that], but certainly take into consideration what can happen if you rely completely on computers at a bank or credit union to keep track of
your assets. While much more high tech than our standard home and work computers, the system in place at banks is still run by a computer. They are
still subject to viruses, hackers, and plain-old blackouts caused by thunderstorms or back-up generators failing, etc etc.
Imagine if something does happen, a natural disaster like a mass flooding, earthquake, tornado or mudslide. If it were a life/death situation and you
had to get out with nothing but your life, how will you access your funds with no form of identification, much less your debit cards? We all hope
that we will never be placed in such a predicament, but it is a very real possibility. You have to imagine a world that is not always predictable and
Yes, it is more convenient to carry a card and live cashless. I'm guilty of it myself. BUT, I always have an "emergency" stash of money in my
wallet. Its usually $20, but sometimes I'll shove another twenty and make it $40. I learned this from my mother, and it's helped me more than once
- my college town was so rinky-dinky that the local gas station didn't have a way to pay with a card, cash only, so many of my friends had to dive to
the other side of town [which was very far] for a gas station with the option of card-payment. Because of my emergency stash, I was saved having to
walk or call a friend to take me to the other gas station, get a can of gas and go back to my car to fill'er'up, because she was dead on empty.
[Word of advice: never let your car get THAT low on gas, it opens up a huge can of worms, trust me!]
I'm certainly not advocating keeping all your assets in cash either, but what I tend to do is pull about $100 from each of my paychecks [or
everyother] in cash and keep stash in my house. I found this -> [www.tbotech.com...
] in a magazine and thought it was
brilliant [as well as worthy of a few giggles]. This way you can hide small stashes of "just in case" money around your house without it being
obvious [cookie jars, etc]. Also, stashing money around makes for a GREAT little rainy day fund which has helped pay for a weekend away at a spa or
ski resort for snowboarding lessons.