Do you save cash in case of emergency? - with poll -

Do you save cash for a rainy day?

  • I do save cash

    Votes: 32 58.2%
  • I don't save cash

    Votes: 15 27.3%
  • I'm not telling you

    Votes: 5 9.1%
  • yet another stupid poll

    Votes: 5 9.1%

  • Total voters
    55

Thebobo

Lifer
Jun 19, 2006
18,574
7,672
136
Was thinking about what happened in Puerto Rico where all you could use was cash and there was no way to get to your cash. So assuming there is a disaster of some sort be it a huge solar flare/CME or some other natural disaster that wiped out the communications and power grid in your area. How much would you want to set aside to make life more comfortable until normalcy is restored? We're not talking apocalyptic here.

So the question is would you or do you save cash out side the bank in case of emergency?

How much do you think is sufficient assuming a local disaster?
 
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Nov 8, 2012
20,842
4,785
146
No - Puerto Rico is a shithole, why in the mainland US would we have a disaster so large that they can't accept electronic payments for more than say... a week? I'm guessing the issue in PR is the fact that 99% of electricity is out.

Personally I keep ~$200 hidden in the house (mostly use it for yard service but replenish it because it's nice to have), and ~$50 in my car (unexpected gas/parking emergency). Other than that, I'm never carrying $500+... ever.
 
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disappoint

Lifer
Dec 7, 2009
10,132
382
126
Those damned solar flares! Always happening in my neck of the woods! What part of the effing universe do I have to go to where there's no solar flares!? Also I don't have cache but I suggest you all keep your Patek watches where the sun don't shine. You wouldn't want any solar flares takin that bad boy out.
 

Thebobo

Lifer
Jun 19, 2006
18,574
7,672
136
If you're talking power outage like Puerto Rico, you are talking apocalyptic. I would be more worried about gas and clean water than cash.

I am primarily interested in the cash aspect.
 

dullard

Elite Member
May 21, 2001
26,120
4,769
126
No - Puerto Rico is a shithole, why in the US would we have a disaster so large that they can't accept electronic payments for more than say... a week?
I read that over and over and still keep reading it as if you think that Puerto Rico is not in the US. I'm sure that isn't what you meant, but it really comes across that way. You might want to make a slight tweak to the wording.
 

Thebobo

Lifer
Jun 19, 2006
18,574
7,672
136
Those damned solar flares! Always happening in my neck of the woods! What part of the effing universe do I have to go to where there's no solar flares!? Also I don't have cache but I suggest you all keep your Patek watches where the sun don't shine. You wouldn't want any solar flares takin that bad boy out.

They do happen and they do couse grid outages and satellites to fail. And there are a bigger ones we just haven't been in the target. Do you remember the March 1989 geomagnetic storm?

The Day the Sun Brought Darkness
https://www.nasa.gov/topics/earth/features/sun_darkness.html
 
Nov 8, 2012
20,842
4,785
146
I read that over and over and still keep reading it as if you think that Puerto Rico is not in the US. I'm sure that isn't what you meant, but it really comes across that way. You might want to make a slight tweak to the wording.

Thanks, certainly not what I meant - but after re-reading it I can see how it can be perceived that way.
 

allisolm

Elite Member
Administrator
Jan 2, 2001
25,342
5,010
136
In preparation for Irma we got extra money in case we had to stand in line for ice or anything else and pay cash but no, we don't normally keep a cash stash in the house.
 

highland145

Lifer
Oct 12, 2009
43,973
6,338
136
Went through McDs last Sunday night and their cc machine was down. I had cash but I'm not sure if that was a good thing or not....
 
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RockinZ28

Platinum Member
Mar 5, 2008
2,171
49
101
Usually have no more than $20. And that's only more recently as there are a bunch of cash only restaurants in the bay area.
 

disappoint

Lifer
Dec 7, 2009
10,132
382
126
They do happen and they do couse grid outages and satellites to fail. And there are a bigger ones we just haven't been in the target. Do you remember the March 1989 geomagnetic storm?

The Day the Sun Brought Darkness
https://www.nasa.gov/topics/earth/features/sun_darkness.html

Sorry I was just havin a go. Thanks for the link. I know they are real but very rare to have one knock power out. According to NASA there's a 12% chance of getting hit by a CME in the next decade. Admittedly I thought they were more rare than that.

http://www.businessinsider.com/solar-storm-effects-electronics-energy-grid-2016-3

This has come close to happening before. In 2012, a monstrous CME barely missed Earth. And in 2014, NASA reported that we have a 12% chance of getting hit by a CME sometime in the next decade.

"If [the 2012 CME] had hit, we would still be picking up the pieces," physicist Daniel Baker said in a NASA press release.
 

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
We can always borrow from highland145 if we need cash. We know he has plenty.
 

snoopy7548

Diamond Member
Jan 1, 2005
8,274
5,348
146
I've got about $200 in cash in a lockbox in my house. That covers me for almost three weeks of grocery shopping. If there's a disaster in my area, I'll just drive a town or two over and go shopping. If there's a disaster that prevents me from even driving on the roads and we're all stuck, I'm sure we're all gonna be relying on FEMA to help us out and I'll just eat whatever is in my house, starting with the refrigerated stuff.
 

AMDisTheBEST

Senior member
Dec 17, 2015
682
90
61
I plan to have at least 10k worth of todays cash, adjusting for inflation each year, in my bank account for emergency.
 

BurnItDwn

Lifer
Oct 10, 1999
26,353
1,862
126
I have a gun, tools, matches, and booze in case of emergency.
Cash wil be useless/worthless.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
If you're talking power outage like Puerto Rico, you are talking apocalyptic. I would be more worried about gas and clean water than cash.

You are absolutely correct, gas is king. I do keep $400 on hand during the hurricane season but I keep a shitton of gas because all the cash in the world won't buy you a gallon of gas when SHTF.
 

BudAshes

Lifer
Jul 20, 2003
13,992
3,348
146
I keep a couple hundred grand in my mattress in case of emergency. I may need a large quantity of hookers and blow if the worlds ending.
 
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BurnItDwn

Lifer
Oct 10, 1999
26,353
1,862
126
I don't think we're talking about the zombie apocalypse here. :eek:
Neither am I, since Zombies are fictional :)

Tools help to clear debris or fix things
Gun can help to protect yourself
Matches are good for making a fire
and Booze is especially valuable as it can be traded, used to disenfect, drank, or various other things.