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.
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Joined: May 2001
Posts: 7,166
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From: San Antonio, TEXAS!!!
Vehicle: 01 Tiburon Turbo, 99 Tiburon F2E, 2013 Avalon XLE Touring
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.




