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Post by whereiwant2b on Nov 29, 2015 16:08:00 GMT
Thinking not of societal collapse but of ordinary getting along.
How do you determine how much cash to keep on hand at home for emergencies? Enough to cover a months spending? Enough to pay tax bill? A truck repair? Just a bit for emergencies? In what form?
I just dipped into what my mom used to term "mad money" (ie enough to do what you wanted if you suddenly decided you wanted something) because after a huge vet bill, a water system electrician call and a tooth capped in one month, I had drained my emergency savings account. So I wasn't as prepared as I thought I was.
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Post by Ozarks Tom on Nov 29, 2015 16:43:08 GMT
I doubt there's any reliable rule of thumb. Our emergency cash on hand is usually what we'd expect to see us through a couple months if the banks decided they needed our money worse than we do. Unexpected expenses are just that, unexpected, and we don't see them coming. Our main fridge isn't making ice, and the ice cream is melting as of yesterday, so we're probably looking at an "unexpected" drain of around $1k. That will come from a bank account.
I guess we're more prepper thinking than most people's way of handling money. It seems like every day I see something somewhere and wonder if it could snowball into a bank holiday, or stock market crash with a huge "bail in" to the banks. We're not rich by any means, but we do keep funds in 3 credit unions, as they're not as likely to be involved in the more risky financing.
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Post by sawmilljim on Nov 29, 2015 17:14:36 GMT
We keep just what it takes to pay the bills each month in the bank . Any over that is in silver coins cash or other hard assets .A good heavy safe is a good thing to have too.At one time before I gave them all to my son I had a large gun collection those things have tripled in price over what I paid for them years ago.
Banks are for with drawls not deposits !
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Post by whereiwant2b on Nov 29, 2015 17:18:07 GMT
We keep just what it takes to pay the bills each month in the bank . Any over that is in silver coins cash or other hard assets .A good heavy safe is a good thing to have too.At one time before I gave them all to my son I had a large gun collection those things have tripled in price over what I paid for them years ago. Banks are for with drawls not deposits ! So itxs more banks being the danger than the currency itself? |
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Post by sawmilljim on Nov 29, 2015 17:35:12 GMT
At this point I would say both you can't separate one from the other . The folly of 2008 never was fixed it was just put down the road . The petro dollar is dying .There are over a quadrillion in dirivites out and about most never know about .A good war would hide the real reason for the economic collapse that is sure to come .Most can't see it but the country was sold out when the Fed was created, that gave the bankers the power to steal real wealth using cheep paper and ink.
Your excess labor is now stored in a piece of paper backed by faith and guns only, should one choose to keep their excess labor in such a form..
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Post by blackfeather on Nov 30, 2015 0:40:51 GMT
I keep enough always on hand to pay a large car repair bill. The rest goes into tin cans in the back yard till I need it for taxes or home owners/ car insurance. Oh and before you go and buy a new refrigerator, unplug the poorly running one and let all the ice melt out of it. I'm told ice gets built up where the fan is supposed to run in the freezer section causing it not to work right and sometimes all you need it to let it melt out. Then plug it in. We had this happen once, bought a new one, then later plugged in the old one to see what would happen and it worked fine. Ended up giving it away.
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Post by farmerga on Dec 30, 2015 18:35:00 GMT
Silver and gold from mints not run by the Federal Government. Enough paper money to get by for a couple of months.
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Post by themotherhen on Dec 31, 2015 8:56:24 GMT
I doubt there's any reliable rule of thumb. Our emergency cash on hand is usually what we'd expect to see us through a couple months if the banks decided they needed our money worse than we do. Unexpected expenses are just that, unexpected, and we don't see them coming. Our main fridge isn't making ice, and the ice cream is melting as of yesterday, so we're probably looking at an "unexpected" drain of around $1k. That will come from a bank account. I guess we're more prepper thinking than most people's way of handling money. It seems like every day I see something somewhere and wonder if it could snowball into a bank holiday, or stock market crash with a huge "bail in" to the banks. We're not rich by any means, but we do keep funds in 3 credit unions, as they're not as likely to be involved in the more risky financing. Tom, follow blackfeather's advice and also try vaccumming the coils in back and the spot underneath the front, behind the plastic grate. We have saved a fridge several times by doing this combination. |
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Post by Ozarks Tom on Dec 31, 2015 20:34:55 GMT
I doubt there's any reliable rule of thumb. Our emergency cash on hand is usually what we'd expect to see us through a couple months if the banks decided they needed our money worse than we do. Unexpected expenses are just that, unexpected, and we don't see them coming. Our main fridge isn't making ice, and the ice cream is melting as of yesterday, so we're probably looking at an "unexpected" drain of around $1k. That will come from a bank account. I guess we're more prepper thinking than most people's way of handling money. It seems like every day I see something somewhere and wonder if it could snowball into a bank holiday, or stock market crash with a huge "bail in" to the banks. We're not rich by any means, but we do keep funds in 3 credit unions, as they're not as likely to be involved in the more risky financing. Tom, follow blackfeather 's advice and also try vaccumming the coils in back and the spot underneath the front, behind the plastic grate. We have saved a fridge several times by doing this combination. I did follow his advice, and sent him a PM thanking him for saving us from buying a new one. Ironically, it started acting up right after we'd vacuumed the underside! Gave me a chance to vow "Well, I'll never clean that again". |
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Post by paisley on Dec 31, 2015 21:16:59 GMT
Tom, did you move the unit to clean it.
I was told that to wait a day with the unit right where i wanted it because fluid for refrigeration needed to settle.
Now, when I pull it out and shuffle it around I wait half a day ...note original hauling up and down three hundred miles of rough roads...where I know how jostled it got.
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