Do you save cash in case of emergency?
10-18-2017, 04:26 PM
#1
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Join Date: Oct 2002
Location: Hartford CT
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Vehicle: 2004 elantra
Do you save cash in case of emergency?
Like under your mattress or in a safe? I have 2 weeks worth of pay saved up in random hidden spots in my house just in case. Dont get me wrong, I keep my money in the bank like everyone else but I feel better knowing that I have that cushion saved up in my house if I cant ever get access to my money in the bank.
10-18-2017, 06:46 PM
#2
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Join Date: Apr 2011
Location: Churubusco, IN
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Vehicle: 84 VW Rabbit, 01 Audi A8L, 08 VW GTI
No large bills... but I do have a 6 gallon glass jug I'm filling with change. I'd say it's about 1.5-2gal full lol
10-19-2017, 05:41 AM
#3
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No, not readily accessible. It does not good sitting in a savings account with next to zero returns. I either keep enough in my checking to use on a daily basis, use a credit card for bigger purchases and pay it off by next month, or put extra into a retirement fund where it's not only making a lot of returns but is accessible by the next day should a REAL emergency hit. Of course I'll take a 10% penalty on it if I do.
10-19-2017, 09:17 PM
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Vehicle: 14 EGT 2.0
I got 4 cents (not kidding) from my insurance. Time to put a new roof on.. so I did have some saved. Not anymore. Glad I pay them as much as I do per year.
