Ok Anons,
So where are you guys putting your cash now?
Most of my money has been reinvested into my business via debt and personal cash.
My cash account only has money for bills, food and entertainment.
I am looking to park my cash into a "Safe Space" lol :)
What are your thoughts?
I want to setup a transfer on Chase. So if the shit hits the fan.
I can pull it out.
Where should I park my money for bills, food and entertainment?
Pulling out the physical cash isn't going to help because this is for paying bills.
Thoughts?
Keep only enough funds in your bank account to cover the bills you cannot pay with cash in person. Safely get as close as you can to a zero balance each month after your bills are paid, or a buffer amount that wouldn't ruin you of you lost it.
Everything else is cash money. Budget cash use with an envelope system or something that works for you if you need. Pay off debts to decrease the amount you need to hold in a bank. Keep cash on hand for when SHTF to pay bills with money order.
Thanks for this.
This is kind of what I am doing now. I am going to pay off some other debts with my tax returns.
After that.
I will be stock piling some cash. I need to get a safe.