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Thread: Emergency Fund

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    Daily Abuser SquirrelBait's Avatar
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    Question Emergency Fund

    I have been reading about emergency funds for when Brown hits the blades. I decided to initiate a fund of $100 of each denomination in small bills.

    Too much? Not enough?

    BTW: I have been really good about not spending the $5 I have in there...
    Last edited by SquirrelBait; 07-29-2014 at 03:56 PM. Reason: BTW
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    Little Miss Chatterbox 1moretoy's Avatar
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    That's a tough question to answer since there are so many variables to consider. How many in your household would you be saving for, how long you are planning for, etc. Whatever your decision, make sure to invest in a fireproof safe and have it permanently mounted.

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    Having some cash on hand for emergencies is wise. I keep for fives in the vehicle just incase. Would get me enough gas for 100 miles.

    My emergency money is basically my credit card though.

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    Dinky Dau Just Sayin''s Avatar
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    It's a good idea to always have some emergency funds or cash money available. If the SHTF though and the event is long lived, paper money is probably going to have a limited shelf life. It's going to be a hard call on how long to try and keep the money before it's time to convert it to hard goods (silver, gold, bullets, flour, etc.). If you wait too long, the value of the paper money will be next to nothing. I'm personally not a big fan of gold or silver, I've got a little bit, but if things get that bad, I don't know what will be really valuable. I wouldn't go overboard on it, myself. A thousand dollars ought to be a fair target. It'll get your sister in law out of jail late at night when she gets a DUI here in Miss. lol
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    Quote Originally Posted by SquirrelBait View Post
    I have been reading about emergency funds for when Brown hits the blades. I decided to initiate a fund of $100 of each denomination in small bills.

    Too much? Not enough?

    BTW: I have been really good about not spending the $5 I have in there...
    Excellent question squirrel. I'm thinking along the lines that we will have some notice before everything breaks down. Cash will be king in this transitional period. I'm betting that 1000 in small bills would be a good amount so you will be able to make change on last minute deals. This way you can stretch your funds out more strategically. More bang for your bucks. It sounds like a lot of money to po folks like us but it could make the difference between comfort and misery. JM2C

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    I keep a fair amount of cash properly stored in a Mason jar or two or three which are then stored inside a sealed PVC tube which is then stored inside another sealed PVC tube underground! I'll give you a hint, it's in the pecan orchard out back (but it's a big orchard and has a brace of Rottweilers patrolling 24/7/365. Only the Mrs., me, and GOD now the exact locale. I know it's not drawing interest but it also isn't available for the "CLOWNS" in D.C. to grab so easily if they should so desire!
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    Quote Originally Posted by Arklatex View Post
    Excellent question squirrel. I'm thinking along the lines that we will have some notice before everything breaks down. Cash will be king in this transitional period. I'm betting that 1000 in small bills would be a good amount so you will be able to make change on last minute deals. This way you can stretch your funds out more strategically. More bang for your bucks. It sounds like a lot of money to po folks like us but it could make the difference between comfort and misery. JM2C
    So, two fifty in each denomination should do it?
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    Quote Originally Posted by Reptilicus View Post
    I keep a fair amount of cash properly stored in a Mason jar or two or three which are then stored inside a sealed PVC tube which is then stored inside another sealed PVC tube underground! I'll give you a hint, it's in the pecan orchard out back (but it's a big orchard and has a brace of Rottweilers patrolling 24/7/365. Only the Mrs., me, and GOD now the exact locale. I know it's not drawing interest but it also isn't available for the "CLOWNS" in D.C. to grab so easily if they should so desire!
    Good to go! Rotties are not to be despised...
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    I think you're on the right track SB. For all the stuff that I have done to be prepared, I really am lacking in carrying extra cash in my get home bag or around the house for that matter. I think this will motivate me to do so. Good thread SB, thanks.

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    Quote Originally Posted by Slippy View Post
    I think you're on the right track SB. For all the stuff that I have done to be prepared, I really am lacking in carrying extra cash in my get home bag or around the house for that matter. I think this will motivate me to do so. Good thread SB, thanks.
    It's been eating at me for a while now. As much as I despise the fiat, It's another tool in the box.

    Thanks Slippy.
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