How much physical cash do you/should you have on hand?

It seems to vary quite a bit between individuals, often regardless of actual net worth.
When I say "on hand", it's what you carry around, and what's in your apartment/house.

Personally, I have a small stash of USD and CHF (Swiss Franc)- their paper bills are a work of art.
And some physical platinum. All together it's enough to buy groceries for some time :)

I've heard it's a bad idea to have too much physically, something to do with homeowners insurance.
But since I rent, it's a non-issue.

What about you guys / your thoughts?

 

I like to have a hundred minimum on my person in a variety of bills Nothing worse than buying a drink/snack and having to swipe. There is some at home, but not much more than I carry. Definitely get renters/home owners insurance, particularly if you have any nice things.

Only two sources I trust, Glenn Beck and singing woodland creatures.
 
EnergyHOU:
Usually $0. I'll admit it's a terrible habit, not having cash on hand is irrelevant 95% of the time, but those times you get 5%, it's a really poor decision.

Happens to me all the time! :D But thanks for making me feel better I am not the only one.

I did get a discount from my tax declaration this year because I pay everything by card. :D

 

I also carry next to no cash with me. I find it more convenient to use my card, and if I hold cash, I generally feel less aware of my spending. If I hold cash, I feel like there's a need to spend it if I'm carrying it around with me.

With my card, I seem to consider every purchase. It's more of my own bias than anything. But I agree that I should carry around some emergency cash around with me just incase.

 

Wouldn't be surprised if I was. But that's what works for me. I have thought about this though. What would encourage me to better manage my finances, would be to draw out a certain amount of money (£100) at the beginning on the week. If I knew that was all that I had for the week, I would certainly budget a hell of a lot better.

But, there's something about having cash in my wallet that makes me think it's okay to dispose of it. When I use a card, something registers in my brain to consciously think about my purchase.

Again, I probably am an anomaly. And I'm proud to be one. :)

 

All those studies say to me is most people are really bad with their money. I'll average $20-$40 on me in cash and I never use it unless I'm taking a short cab ride or just want a single drink at a bar. There is no psychological effect between cash and credit for me because I don't buy iPhones I can't afford and incur interest for it.

 

But bro, if shit forreal hits the fan, fuck you gonna do with your pretty papers and shiny metals? I'm not a prepper, but I get those guys. You just have a bunch of cash depreciating like why do

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

I usually have around $100 on me and don't keep cash at home other than leftover foreign currency from travels. Why do people keep cash at home? I guess I live in a big city so there's an atm every hundred feet.

Also, similar to others I use my credit card for 99% of my purchases to get points. With tap it's even faster than cash too so using cash makes no sense to me.

 

I sometimes Walk down the Street with a massive Bankroll and withdraw even more when I pass an ATM.

Most don't have the honesty to admit this.

[quote=mbavsmfin]I don't wear watches bro. Because it's always MBA BALLER time! [/quote]
 

i don't have much cash on me, usually 100 or less, a couple 20's in each vehicle. none at home, and have no precious metals outside of whats in my tv and computer. that said, i've got about 10k rounds of 5.56 and 7.62x39, and a host of 12ga, 45acp, etc.

If the glove don't fit, you must acquit!
 
WalMartShopper:
i don't have much cash on me, usually 100 or less, a couple 20's in each vehicle. none at home, and have no precious metals outside of whats in my tv and computer. that said, i've got about 10k rounds of 5.56 and 7.62x39, and a host of 12ga, 45acp, etc.

About right...I keep no real cash. ATMs charge me money; why use them? I have some silver and gold in a safe. Mostly, I have 3 shotguns, an AR-15, an AK-47 and a few handguns, plus a lot of ammo. If things got really crazy, guns, not gold, win the day.

 
TechBanking:
WalMartShopper:
i don't have much cash on me, usually 100 or less, a couple 20's in each vehicle. none at home, and have no precious metals outside of whats in my tv and computer. that said, i've got about 10k rounds of 5.56 and 7.62x39, and a host of 12ga, 45acp, etc.
About right...I keep no real cash. ATMs charge me money; why use them? I have some silver and gold in a safe. Mostly, I have 3 shotguns, an AR-15, an AK-47 and a few handguns, plus a lot of ammo. If things got really crazy, guns, not gold, win the day.

Spoken like a true nut job who has never heard a gunshot fired in anger.

 

I just carry platinum everywhere I go.

//Isn't it fucking bullshit how a sleeve of pop tarts went from 0.0000000000000002 oz/sleeve to 0.0000000000000001 oz/sleeve??

People always look at me like I'm on the spectrum when i break out my jeweler's scale and start weighing nuggets out at the checkout line.

Array
 

Some of these responses are awesome. My honest answer:

On me: anywhere from $20-200, usually around $50 At home: a few hundred dollars in a drawer

I used to carry ~$200 regularly, but I literally never use cash anymore. My office provides drinks and snacks and I swipe/tap food, gas and hookers. I don't really go anywhere that requires a tip that's not on the card. I actually can't think of the last time I had to use cash.

I used to keep ~$1k in my apartment when I lived in the city, but that was mostly because because I played poker.

twitter: @CorpFin_Guy
 

Need to have gold bullion. I'm not sure when you'll need it but I suspect there's a pretty high likelihood that you will. #inflationiscoming

The one I struggle more with is water. Like how much water should you keep on hand for that inevitable earthquake, hurricane, plague, Korean ICBM or zombie apocalypse? Storage is obviously the issue but how many gallons should one have on hand for a family of four?

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