3 reasons I'm keeping cash at home thanks to the pandemic - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Singapore News News

'When the pandemic swept New York City, I hit full panic mode and wondered if I should start keeping more cash at home for emergencies. So I talked to a financial planner to see if this was a good idea'

, I decided to do something I've never done before: stock up on cash and store it in my apartment. Here are three reasons why.At the start of the pandemic, I found myself getting a little too cozy with online shopping as a nightly ritual. Even with stores closed, e-commerce websites never slept, and I spent more than I usually would buying things out of boredom.

This advice was what made me turn to cash in the first place. I decided to pay for my daily expenses in cash, making it a goal to withdraw cash at the start of the month,My at-home emergency fund means I can cover my daily expenses no matter what When the world paused in March, as the pandemic got worse and sheltering in place began, I realized that I didn't have more than $20 in cash at home. That made me wonder if stocking up on cash was a good idea in case another wave of COVID forces us back into lockdown and access to cash is limited."Having an at-home emergency fund that is denominated in $20 bills and equal to roughly two to three weeks of living expenses makes a lot of sense," said Exelby.

Exelby said that it could be good to prepare for something like that, so I decided to keep a separate cash fund in my apartment just for emergency storms or power outages with another $400 in it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Only in the US, Commonly Credit Card = Wallet, Not in Asia, Europe, Africa, Australia, not even in America the rest of the continent itself 🤔

that $600 will soon be worth 6 cents

Cash at home ? Where do you live ?

You should take the Turks as an example in this regard

thank you very much for your work

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines