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Reasonable amount of cash to keep on hand?

Posted on 8/1/14 at 12:34 pm
Posted by DucksnBucks37
Dallas
Member since Dec 2013
158 posts
Posted on 8/1/14 at 12:34 pm
Not talking about in a savings account or anything.

Just cash at the house for hurricanes, good deals on _______, money the wife won't see you spend, whatever

I keep 1k. Just curious if that above/below the norm

Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 8/1/14 at 12:45 pm to
I keep around $300.
Posted by 4LSU2
Member since Dec 2009
37382 posts
Posted on 8/1/14 at 1:01 pm to
I don't typically keep any cash on hand, but am about to start doing so. 1K is a good number, IMO.
Posted by Lsut81
Member since Jun 2005
80350 posts
Posted on 8/1/14 at 1:02 pm to
Usually have 500-1k in the safe for an emergency. Or if I want to buy something and not feel guilty about it seeing it pop up on my cc statement
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 8/1/14 at 1:47 pm to
I would think @ 10% of all savings liquid and at hand would be a good number.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 8/1/14 at 1:47 pm to
$0?

Posted by LSUFanHouston
NOLA
Member since Jul 2009
37246 posts
Posted on 8/1/14 at 2:03 pm to
As part of our budget, we use cash envelopes for groceries (and related non-food items) and for "fun" money.

Otherwise, we don't usually keep cash in the house. My wife keeps $20 tucked in the back of her wallet, hidden. It's something she has done apparently since she was a teenager and her dad taught her to do that.
Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 8/2/14 at 9:01 am to
Guess it depends on the person. I never have more than $20 on me.
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