- Feb 23, 2014
- GA; (CT escapee)
Cash on hand is simply one more tool for solving problems that range from mundane to critical. My wife got a serious discount on the whole house water filtering system by paying in cash, the sales rep had to call his boss when she walked back into the room with an envelope full of cash.And some us would be stuck until the banks opened if we had bail set at $1772.
There is probably an inverse relationship to the cash you have at your residence and how much you have in the brokerage account.
On the less mundane side, we get hurricanes which shut down communications and the electrical grid at times. We have at least a month's worth of food and water, a generator, a chainsaw, gasoline, camping gear, and cash. When the stores open back up, but the infrastructure isn't running - cash still works.