August 17, 2010

Having a supply on cash on hand may seem like an antiquated practice, but you can never be too careful. With all of the recent volatility in the global economy and questions about the viability of the banking industry, frankly I’m a little scared to put all of my proverbial eggs in one basket. In case of an emergency, I want to have instant access to some of my funds.
Of course, having a cache of cash out into the open isn’t advisable, so I’ve invested in a money safe for my home. I certainly don’t keep my life savings in there, and I still have a well-diversified portfolio, but it’s nice to know that if the banking system comes crashing to its knees, I’ll have a Plan B.
Leave a Reply
You must be logged in to post a comment.