Do you have cash on hand for emergencies? What if, with all the craziness that we are experiencing, there really is a bank holiday and you can’t get to your money in the bank for a few days or a few weeks? What would you do?
I had a conversation with a friend recently, who is not into preparedness, about how having food at home and cash on hand is a good idea and just makes sense. I made a mention that most people don’t have enough food for three days much less for a week. And, if there was an issue with the banks, most people don’t have cash on hand to buy necessary items. She said, “You just described my life perfectly.” Hopefully, she makes some good decisions regarding preparedness.
I can’t tell you how much cash to have on hand. That decision is up to you and more importantly, your financial situation. Some are better off than others. But I do suggest you keep some.
If you are having a hard time financially right now, you might want to do some things to bring in some extra money:
My son is tutoring for extra money right now. He is making decent money for just 2 hours a week. You could cut some grass, offer to do someone’s chores, pet sit, etc… If you keep a clean house and you are good with kids, people are always looking for good baby sitters and individuals to provide daycare. I know several teachers who use one specific person because they feel they can trust her. Word spreads and eventually you can have a list of references to provide to parents. The local paper might offer some other potential small job employers.
Yes, we have a lot of stuff. I found two different fire place grates in my garage not too long ago. I placed them on Craigslist and sold them very quickly. I’ve done this with other stuff too. You can also have a garage sale, people are always looking for good deals!
My wife makes jewelry. She sells the heck of it! Because we work in schools, she started making magnet badge holders. She sells those like hot cakes too. One lady who visited my school, made hair bows. She had all kinds… She told me that she made $800 in one day at one of the schools. She sets up in the teacher lounge. She also told me that she made $600 in 2 hours when she sold during one of the schools “Meet the Teacher” event.
Take a Walk
I recently linked to one of Jack Spirko’s classic shows. On the podcast, Jack recounted an email that he had from one reader who couldn’t afford food storage. This guy started taking walks during lunch and finding money. As he continued, he realized that he could find the most money by walking around parking meters. He was able to buy 30 pounds of food in one month from just the money that he found on the ground!
Ok. So there are many ways you can make money…if you want to! What do you do with it when you have it at home? Are you worried that the bad guys can come in and take all your hard earned money? The best thing is to have a heavy safe that his bolted to the ground. But not everyone can afford or have one of those. The next best thing is to hide it!
With hiding your money, you will need to be creative. Most thieves are looking for easy finds in the bedroom: jewelry, money, guns, medicine and small electronics. The first two places they will look are the bed and dressers. Knowing this, it is a good idea to hide money somewhere else! Another thing to remember is that thieves want to get in and out as soon as possible.
Freezer - When my grandmother died, her sister stayed at her house while the family figured out what the next move was going to be . One day she opened up the freezer, looking for some meat to defrost. In one foil package, she found a lot of my grandmother’s jewelry.
Pantry – You have food storage right? A thief isn’t going to go through every piece of food storage that you have stored. You could always take a box of “whatever,” open it from the bottom, place your valuables in it and glue it back. You could also open a can of “whatever” from the bottom, drain it out, clean it out and place your valuables in that. You’ll just have to secure a false bottom.
Washer & Dryer – These two items are heavy and hard to move. This is another option for you.
If your kids are like mine, any thief who opens up their bedroom will close it afraid of the monsters under the bed! If thieves do go in there, they are going to be looking for small electronics. Think about their closet and any old toys that they don’t play with any longer. The key is that they won’t play with the items where you will hide your valuables.
My grandfather used to leave the register open with about $40 and some change in it when he owned his store. A thief wouldn’t have to bust it open and think they took all the money. Misdirection would keep a thief busy while letting them think they got the goods. You might want to keep$20-30 in your dresser under some clothes. It might be a good idea to have 2 bottles of medicine laying around in your bathroom cabinet with 1-2 pills. Think like someone trying to break in and steal your stuff!
Fireproof & One More Thing
Lastly, you want to make sure that where ever you put your valuables or cash on hand, you use a fireproof container or minimize the possibility that fire destroys your cash. You also want to spread your cash on hand out in different places so if one stash is found, there are others for you to depend on.
Do you have any ideas that you would like to share?
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