Comments on: Five reasons to keep some cash http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: CitizenJane http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-153706 CitizenJane Tue, 23 Sep 2008 20:16:55 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-153706 A hurricane or an ice storm can shut everything down for a few days or weeks. I concerned that bank failures and panic may shut everything down for months. So, how much cash if enough? A hurricane or an ice storm can shut everything down for a few days or weeks. I concerned that bank failures and panic may shut everything down for months. So, how much cash if enough?

]]> By: 1000 Bargains http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-153573 1000 Bargains Mon, 22 Sep 2008 20:42:43 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-153573 Another way to save money is to also visit bargains sites like the one i included with my name. This site isn't mine but I thought i would throw it some props as i use it all the time. Another way to save money is to also visit bargains sites like the one i included with my name. This site isn’t mine but I thought i would throw it some props as i use it all the time.

]]> By: ChristianPF http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152711 ChristianPF Tue, 16 Sep 2008 13:35:26 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152711 yea, we started stashing some cash in our safe after Katrina hit a few years ago... New Orleans had a little bit of the "wild west" going on for a few days and it is better to be prepared... yea, we started stashing some cash in our safe after Katrina hit a few years ago… New Orleans had a little bit of the “wild west” going on for a few days and it is better to be prepared…

]]> By: Julie http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152578 Julie Sun, 14 Sep 2008 22:01:58 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152578 I do agree it's important to keep some cash, but I think it's presumptuous to assume cash will do anything for you in a true emergency other than burn up or get wet and be useless. In an emergency: you don't KNOW what will help - there is a difference between preparation and planning. I think it's still a good idea to keep almost ALL of your money in high-interest accounts (for instance, the bank that I work for is giving 3.5% on their savings account: http://shorebankdirect.sbk.com/) - because that extra money you make may end up doing more for you in an emergency than whatever is stored in your mattress. I do agree it’s important to keep some cash, but I think it’s presumptuous to assume cash will do anything for you in a true emergency other than burn up or get wet and be useless. In an emergency: you don’t KNOW what will help – there is a difference between preparation and planning. I think it’s still a good idea to keep almost ALL of your money in high-interest accounts (for instance, the bank that I work for is giving 3.5% on their savings account: http://shorebankdirect.sbk.com/) – because that extra money you make may end up doing more for you in an emergency than whatever is stored in your mattress.

]]> By: Jake http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152442 Jake Fri, 12 Sep 2008 21:35:42 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152442 You can also make spending cash more fun with Where's George?. I now spend cash a lot more because of my fun with the service. (I'm not affiliated in any way, but I will warn you that it can be addictive!) You can also make spending cash more fun with Where’s George?. I now spend cash a lot more because of my fun with the service.

(I’m not affiliated in any way, but I will warn you that it can be addictive!)

]]> By: Sam of Fix My Personal Finance http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152348 Sam of Fix My Personal Finance Thu, 11 Sep 2008 13:59:28 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152348 In our home, as a general rule, we keep 50% of our monthly salary as "disposable-cash" just to ensure we have something to use in case we need it badly. In our home, as a general rule, we keep 50% of our monthly salary as “disposable-cash” just to ensure we have something to use in case we need it badly.

]]> By: Craig Kessler http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152208 Craig Kessler Tue, 09 Sep 2008 20:03:22 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152208 A lot of times I save cash in my room for part of a future wish list purchase. For some reason seeing money grow into a wad over time is more motivation to save smart and slowly put more towards my goal. Not only that when I look at my bank accounts I don't have to worry about mentally subtracting that for my future purchase and know everything in my account can go towards savings and bills. Craig www.budgetpulse.com A lot of times I save cash in my room for part of a future wish list purchase. For some reason seeing money grow into a wad over time is more motivation to save smart and slowly put more towards my goal. Not only that when I look at my bank accounts I don’t have to worry about mentally subtracting that for my future purchase and know everything in my account can go towards savings and bills.

Craig
http://www.budgetpulse.com

]]> By: "Mo" Money http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152188 "Mo" Money Tue, 09 Sep 2008 14:17:36 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152188 Studies have shown that with cash you spend less at the grocery store, for example. It is just easier to spend more if it is plastic, than if you have to use cash. Studies have shown that with cash you spend less at the grocery store, for example. It is just easier to spend more if it is plastic, than if you have to use cash.

]]> By: Budgets are Sexy. http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152181 Budgets are Sexy. Tue, 09 Sep 2008 13:14:08 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152181 Agree 100%. I have stored a roll of $500 in my safe for years now "just in case" (i actually had 5 $100 bills but realized that might not work all that well, so i kept a few and then got 20's, 5's, and 1's). so even if our house burns, that fire-proof safe will still protect it ;) although, i suppose if i'm in a rush to get OUT of the house due to this fire, i might not have the 15 secs to spare to dial the combo... Agree 100%. I have stored a roll of $500 in my safe for years now “just in case” (i actually had 5 $100 bills but realized that might not work all that well, so i kept a few and then got 20’s, 5’s, and 1’s).

so even if our house burns, that fire-proof safe will still protect it ;) although, i suppose if i’m in a rush to get OUT of the house due to this fire, i might not have the 15 secs to spare to dial the combo…

]]> By: Laura http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/comment-page-1/#comment-152175 Laura Tue, 09 Sep 2008 11:57:56 +0000 http://www.mightybargainhunter.com/2008/09/09/five-reasons-to-keep-some-cash/#comment-152175 With hurricane passing by, I should really consider having some cash in our emergency kit. Thanks for the post! With hurricane passing by, I should really consider having some cash in our emergency kit. Thanks for the post!

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