Best Place To Keep Emergency Money?

Discussion in 'Financial Planning' started by airfightermax, Jul 17, 2017.

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  1. airfightermax

    airfightermax Member
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    In the event of a calamity, it would be nice to have a chunk of cash on hand.

    Where would be the best place to stash money that would be easily accessible to you in the event of a disaster? Banks are effectively ruled out since you can't have your money on your person immediately.
     
  2. overcast

    overcast Member
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    I'd say keeping them in books is traditional. Most of the thieves don't check that. But make sure you don't give out those books to others. That would be something you need to understand and check out. I can tell you some people have kept the money inside shoes too. But that is not recommended either. So wallet during disaster time should also come in handy. Usually when emergency comes wallet usually remains with us as it is.
     
  3. airfightermax

    airfightermax Member
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    Oh I have never thought about it this way. Keeping them in books is a really safe way to store money. No one would suspect you keep money them there so it's already off of prying eyes.

    I agree with you on storing money on shoes too. It could get quite unsanitary especially in survival situations.
     
  4. GS AutoTech

    GS AutoTech Expert Member
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    You can get very creative with this project. You want easy access to your cash but not make it obvious. A safe or lock box is way too attractive for anyone looking to steal. Think of a place that one would never think to look or expect to find valuables. I'm not about to reveal my stash location, but I can say it's within easy reach at all times, totally concealed & you'd never think to look there.
     
  5. TexDanm

    TexDanm Shadow Dancer
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    I have a hoard of money in coin form. Coins can be buried, put in the back or bottom of your freezer or any other random place. I fill up bags made of the pants leg of jeans and then just put them on a top shelf in the garage or shop. Coins don't rot or burn so they don't have to be treated as carefully as paper currency. I regularly grab a 25 dollar roll of dollar coins at the bank when I make a deposit. I throw some of them in the trunk of my cars under the spare tire. Paper money should be stored in a metal or glass container and in the event of a fire, in the US you can send the container in and they will reimburse you with new paper money. I have my paper money in a heavy gun safe in a fireproof safe in the gun safe.

    Interest rates are currently so low that there is no reason to just let your money sit in a bank. Either invest it or put it in a safe place. I would rather have my money in a safety deposit box in a bank than in the bank itself right now. Almost the first thing that will go down irregardless of the cause will be the banking. Checks credit cards and debit cards are useless if the banks close down. Cash in the hand will have some value for a while but even that will fade unless things get back to normal pretty fast. As soon as you are sure things are going down trade that cash for trade goods. Food, Medicines, Batteries, Ammo, Guns, Honey, Booze, Clothes, Shoes and Camping gear... whatever you think will have value no matter what.
     
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  6. greymanila

    greymanila Active Member
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    It's best to keep money in different denominations in different locations. At home, it's best to keep it in a high end fire and waterproof safe, hidden from prying eyes. Also, have a cheap safe in plain view so a thief will think that is your only safe. Keep some token cash there too. Who in his right mind would have two safes at home, right?

    Keep some in a safe deposit box in a bank. Also have another safe deposit box overseas in a neutral first world country where you can keep most of your gold.

    Finally, keep adequate funds in bank accounts so you can access them anywhere in the world if you need to flee your country due to a major calamity or plaque.
     
  7. Old Geezer

    Old Geezer Master Survivalist
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    Don't overdo it in the realm of keeping cash. Think about refueling your vehicle a few times. Imagine yourself having to make some purchases due to the unexpected -- no one can anticipate everything and in a SHTF situation, we are going to see a bunch of raw chaos.

    For barter "money", have some old scrap silver coins; however as with cash, don't overdo it. It's something to be stolen. Keep it in your own safe. If you flash gold, you had better have some soldiers on your side. Ammo will be cash in a world gone nuts. Ammo, you can use to trade. Ammo, you can use on the fellow who said he wanted to trade, but is now going for his gun. Now that is money, if you ask me!

    International bug-out preppers use precious and semi-precious stones. I've known folk who were non-Muslim who HAD to get out of places like Iran ... or be killed. These folk will do stuff like roll precious stones up inside valuable carpets and head-out. They will concentrate their wealth in the form of 15 carat rubies, emeralds, and sapphires. Yes, I did say 15 carat! We are talking about someone holding his entire life savings in the palm of his hand. Desperate times = desperate measures.
     
  8. TexDanm

    TexDanm Shadow Dancer
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    I have a few thousand dollars in cash because if the power is down your checks, debt cards and credit cards will probably be mostly useless. I also have a hundred and twenty five silver Eagles and quite a few pounds of small silver coins. I used to have gold but decided that it was a very poor investment as an after the world crashes value. When gold was at 1500 dollars and ounce twenty dollars worth of gold was smaller than a BB. I don't see a farmer trading a chicken for a BB size bit of gold so I turned the gold into silver, ammo and trade goods. This is basically money not a part of my normal income so it in no way has affected my ability to do any of my regular business.

    If things go bad I will use that cash fast to fill any gaps that I have in my supplies. After the banks fold up money is going to have a lot more power for a little while. Actually I have seen this before and may see it again shortly. When the last hurricane hit Texas we were without power for about two weeks. Some were without power for six weeks!! The stores wouldn't take plastic because the systems were down and cash on hand kept my wife's car full of gas so she could go to work. My truck at the time had three tanks so I was good.

    Harvey is due to make land fall at around midnight as a category 4 hurricane. They are talking of as much as 36" of rain. that is nearly a meter of water for you metric folks. Survival is about to mean something for a lot of people. I'm on top of a hill 75 feet above the river so I'm fine but a lot of my friends are sweating this tonight. We are not where it comes in but we are on the wet side under the huge rain bands. We shouldn't get any wind over 60 or so miles per hour but we are due a one to two inch per hour rain for the next THREE DAYS!! It makes me think of an old joke about Noah. He asked God how long is it going to rain and did he really need to build this big boat and god replied "I don't know, how many days can you tread water?"

    It is at times like this when my preparations make me way ahead of the game so I'm not scrambling trying to buy things that have already disappeared from the store shelves.
     
  9. Ystranc

    Ystranc Master Survivalist
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    Send all your money to me you guys, I'll look after it for you......honest;)
     
  10. John Davis

    John Davis Member
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    The emergency fund , and congrats on making allocation for an emergency fund, should be kept in two places…a bank account AND A LIQUID fund.

    The bank account could be a savings account or an fd with a sweep in facility and the liquid/liquid plus schemes should have a smart phone interface for easy transaction.

    The benchmark of 6% might be a bit difficult but you should not be very far away from the mark. The ball park for liquid is the current call rate PLUS 0.5% and the savings/fd rates are going to be conveyed to you at the time of your transaction.

    Both are quite safe…..yet would suggest you choose BRANDS over minor rate differences.
     
  11. TexDanm

    TexDanm Shadow Dancer
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    Anything that you have in a bank or invested, no mater how secure the investment is will be GONE in the event of a total economic collapse such as a massive EMP or massive social unrest would cause. When the banks close everything in them is GONE! At this time the return of the savings accounts in my open ion doesn't balance the risk in these uncertain times. If you want to invest, buy silver. Right now it is cheap and lower than it should be in relation to gold. If you want a more pricey investment maybe platinum. It is less than gold right now and that isn't a real value. When gold come down to it;s true value the platinum will hold and offer a good return.
     
  12. Old Geezer

    Old Geezer Master Survivalist
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    Best place to keep any sort of valuables is behind electronic security, backed by a good-sized dog, within hearing distance of a woman you've trained to shoot (my lady will fill a bad guy with wadcutters), and then of course your own lazy a$$ shuffling for the shotgun.

    Dogs have hearing that is unbelievable. My dog, on the other hand, has supernatural hearing. One sound out of place, up or down the road, and this thing is all fangs and death. And if I act like I'm gonna hurt Grandma (the wifer), this dog turns into Cerberus and heads for me.
     
  13. Ystranc

    Ystranc Master Survivalist
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    There is a good chance that your money will become worthless at some point in the future should TSHTF. How much is food worth to a starving man? How much for water when you're dieing of thirst. Perhaps looking into some other unit of exchange or barter that would hold its value would be a better idea. Perhaps common calibers of ammunition would be useful in trade.
     
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  14. C.J.

    C.J. New Member
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    Ive been fortunate enough to have a father that has a wide variety of friends. Several of them were felons who went away for B&E.

    Long story short, they both said that if there was a bookshelf or a library of sorts in a home they broke into, the books were the first place they looked. Probably because its as you said, "keeping them in books is traditional". Id also imagine that theyd be pretty easy to go through. Unless you have a ton of books.

    But Yeah. Dad always said to keep money on me. And kept a sum of it in the cabinet in the garage that he stored paint in.
     
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  15. Keith H.

    Keith H. Moderator Staff Member
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    We keep ours in one of our safes.
    Keith.
     
  16. lonewolf

    lonewolf Moderator Staff Member
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    Emergency money will only be good for a few weeks post SHTF and only then if you can use it before the sheeple realise something is up!!
    use it to add supplies to top up your preps, but only if it is safe to do so, don't put yourself at risk from the panicking masses.
    I heard of someone keeping a couple of thousand pounds in emergency funds, I think that is a bit excessive, I only keep a fraction of that.
    once the shops are empty money will be useless, use it as tinder to start a fire, that's all it will be useful for.
     
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  17. GS AutoTech

    GS AutoTech Expert Member
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    It all depends on how fast SHTF happens. Paper money will lose its value. So spend it fast but wisely. If we have a few weeks prior to serious deterioration, max your cards out as they will also become worthless. Keep any precious metals or gems to spend later on. I have a cash stash that's so secret that if anything happens to me it will surly be lost to the world. Forgive me for not discussing where. Lol
     
  18. lonewolf

    lonewolf Moderator Staff Member
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    i'd be a bit careful about maxing out ones credit cards, okay if its TEOTWAWKI but what if its isn't? people will be in worse debt than they were before and its all got to be paid back.
    I only use a credit card for online purchases and its paid off in full at the end of each month, other purchases are either debit card or cash, I owe nobody anything.
     
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  19. GS AutoTech

    GS AutoTech Expert Member
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    Agreed, I should have qualified the card usage. I hope we will be able to see the end when it approaches. Also, my emergency stash is enough to pay all my cards off if it isn't the end for real.
     
  20. lonewolf

    lonewolf Moderator Staff Member
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    a denture tablets tube holds 50 £1 coins.!!:p
     
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  21. Morgan101

    Morgan101 Well-Known Member
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    The primary stash, if you want to call it that, is in a safe with other important documents. I keep smaller amounts in a couple of other Bug Out Bags, and in my EDC and Get Home bags.

    I do keep loose change like a pack rat. When it starts to build up I will roll it, and take it to the bank. I am always pleasantly surprised at how much it accumulates. That said, I would need a wheelbarrow if I was going to bug out with it. Maybe throw a jar full in the car, but it is not practical to carry.
     
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  22. TexDanm

    TexDanm Shadow Dancer
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    I keep most of my paper cash in my gun safe in a fire proof box along with my important papers. The bottom of the gun safe is lined with lean pants legs sewn closed full of change. I stopped rolling it and giving it to the bank. I also have a lot of rolls of dollars in there and a bunch of rolls of American Silver Eagles and some silver coins. When gold went through the roof I sold it. I'm not sure how much real buying power a BB size piece of gold will have and with gold in the 1400 dollar an ounce area it is just too valuable for regular use. I bought silver at 8 dollars and ounce and am happier with that.

    I also have a small (under 100 dollars in most cases) money packet in each vehicle and bug out bag. Money will retain some value for a long time even when things crash. When the banks close there is going to be a huge currency DEflation because most "money" doesn't actually exist in the real world and when the cyber world is gone you will only have what you have in CASH. Pure barter only works in SMALL groups with people that know and trust each other. A farmer has very little to trade until his crops come in and then he has almost too much. Money is the only way that people that don't know each other can deal with asset futures and all it really is is an IOU that everyone will honor. I don't think that will end unless people are so few and far in between that there is almost no commerce.
     
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