Stash Some Cash
Posted on | July 19, 2007 |
One of the must-have items in any emergency kit has got to be cash. Why? Well, if the power’s out in your town, you won’t be able to use an ATM and you won’t be able to use your credit card at some stores (those card-swiping machines won’t work!).
So how much cash should you have? That’s up to you. Most recommendations we’ve heard have been between $100-500. If you’ve got a family of eight, however, you might need a lot more than that to meet your immediate needs.
Where should you store your cash? We recommend that you store it in or with your emergency kit. One blog, The Simple Dollar, has a list of 20 great hiding places for extra dough (besides your mattress!). No matter where you hide your cash, make sure you can quickly grab it in an emergency. And you’ll have to remember where you put it!!
How much is enough? And where would you hide it? Write your thoughts in the Comments section below!
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