Reply to How much cash should you keep in your house for emergencies?

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[quote=Anonymous][quote=Anonymous]This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash. [/quote]

What kind of cheapskate asks for a discount with a $15 million dollar yearly income.   Our income is not in the millions or even close, I usually have over $10k in the house.  When I go out I take some of it for the day.   I never even thought to ask for a discount and I wouldn’t want to.   They do the work, pay them what you owe.  This isn’t an Asian country.   [/quote]

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