Anonymous wrote:About $200 in my wallet (varies between $100-300). About $1k in $20s at home. About a month's worth of expenses in my checking account, and another month's worth of expenses in my savings account (plus savings for some upcoming purchases).

I don't have a local bank, so I'm thinking about increasing my actual cash savings at home.

I will never understand people who don't carry cash with them at all times. Even if they don't use it for regular day-to-day purchases, it can come in handy if there are banking/credit card/electricity failures and would also be important to have if one were to get assaulted and/or mugged (try telling the mugger that you "don't carry cash" and see how well that works).

how often does that happen to you? i'm 60, never happened once to me.

About $200 in my wallet (varies between $100-300). About $1k in $20s at home. About a month's worth of expenses in my checking account, and another month's worth of expenses in my savings account (plus savings for some upcoming purchases).

I don't have a local bank, so I'm thinking about increasing my actual cash savings at home.

I will never understand people who don't carry cash with them at all times. Even if they don't use it for regular day-to-day purchases, it can come in handy if there are banking/credit card/electricity failures and would also be important to have if one were to get assaulted and/or mugged (try telling the mugger that you "don't carry cash" and see how well that works).

$60 in purse
$3k in checking right now
$35k in cash in investment bank waiting for a dip.
$300k in investments-takes 3 days to get out.
Because how easy it is to get cash out nowadays, I'd consider it liquid. It's not in retirement accounts. (Long term, not much tax to pay as I made only $15k this year.)
If I needed cash, I'd take it out of credit cards possibly. My cash advances are quite high -$40k at 4%.

I keep $1000 in cash in house.

Anonymous wrote:In a true emergency I could get my hands on

$100k within 24 hours
$500k within a week
$5M within 30 days

Without causing any taxable events

Please explain how you keep it non-taxable. Thanks!

In a true emergency I could get my hands on

$100k within 24 hours
$500k within a week
$5M within 30 days

Without causing any taxable events

I keep almost all money invested and take equity loans for spending. Have very little actual “cash”. Government taxes income not debt. Buy—Borrow—Die Baby!!

I keep $5K in my house and have a years emergency money in the bank, which is 50K.

Anonymous wrote:I usually try to keep $1k in the house, just in case.

Generally have between $30-40k in checking/savings.

I almost never carry cash. DH likes to have at least $20 in his wallet at all times.

This is the right answer covering all of the potential solutions to the question. There’s a non-invested money answer, there’s a stash of cash in the house answer, and there’s a wallet answer.

We always have at least $20K earning bupkis in checking, because it’s a habit from when we had to pay quarterly taxes. My CPA/CFO dad would be ashamed and tell us there’s something else we could be doing with it but we’re used to having that much at this point.

We have $2000 in a safe in the house. Learned after Superstorm Sandy that gas stations, tree cutters and other necessary emergency services can’t take credit cards without power.

I try to have at least 40 bucks in my wallet but I fail because if I have cash I’ll spend it on small stuff instead of charging. My DH is from Jersey which is much more cash forward than here and almost always has at least a hundred on hand.

$75k, about six months of expenses

$10k or so. We have more than 5 years worth of expenses in non retirement stocks so just sell some when we have major expenses, which in the last 20 years has been a home purchase, a major renovation, and a vehicle purchase.

I have like $1.65

Never less than $100K, which is three years of expenses for me.

In physical cash, maybe a few hundred just because my barber only takes cash. They cost $25 including tip, and I recently found out that almost everyone else in my circle pays $50 now for a men’s haircut. I’ll deal with the inconvenience of cash for that discount.

Anonymous wrote:Not much. Maybe $10k? Just enough liquidity for cash-flow purposes.

Emergency funds are for the poor. I have investments of various kinds and credit lines I could draw on in an emergency.

No, the majority of Americans can’t even cover a $1,000 emergency. Emergency funds are for the middle class or umc who can set aside a bit of extra money for hard times.

You are a jerk

Around $50k between HYSA and I-bonds. 5k cushion in checking. Everything else is invested.