We took limited precautions last week and made a modest withdrawal just to play it safe.

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This is one of the objectives of these hoarders, have to make a quick profit, use for barter currency later.

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I’ve got an ex-wife that I’m only legally separated from. I figure I could barter her off for a couple of goats, some chickens, and maybe a mad-max truck.

Now I just need to get a gang on meth-heads that wear leather and I’ll be set. It’ll be just like in any good post apocalyptic movie.

She left me to go pursue a relationship with a guy who was a high school crush of hers nearly 30 years ago. They reconnected on Facebook. We were married 2 months short of 14 years.

About 10 years ago she turned nasty and mean and became straight up abusive both mentally and physically to me and our kids. I was going to stick it out until my kids graduated from school as I was the sole source of income and without me, their mother wouldn’t have health insurance and pretty much live in poverty. Despite her having a masters degree in sociology and anthropology, she’s incapable of making more than $15 an hour.

I couldn’t be happier that she left me when she did. My life has done a full 180 degree turn for the better - and I don’t feel guilty for saying that because she’s the one who initiated the divorce.

Insured, means like life insurance. If something happens, and the bank runs out of money, then you get your money. ........ period, nada, end of discussion.

and YES, THE FDIC IS HONEST (NOT LIKE TRUMP)
...BANKS HAVE GONE BROKE, STOLE MONEY, ETC......AND ............................................

......all people who had money in the bank got all money back, up to $250,000.

..........again, this is ...NOT.. Mr. Trump......let me say again...(short form)... ALL IS ALL

....WHY?...This was passed to prevent ........RUNS ON BANKS....There is something similar at Savings and Loan institutions.. Insured up to $250,000

Is if the computer system is attacked, say by a foreign power, getting access to those fully insured funds may take a while.
I am not overly concerned about that, but it is not beyond the realm of possibility.

In a week to ten days, our country is going to be in the most vulnerable position it has been in since the Civil War. What a grand time for one of our many enemies to play with our infrastructure. You can bet that some of them are thinking about it. It would bring a great deal of satisfaction to many people in the world to see the Great USA brought down a notch or two.

As long as that lasts it's not really a worry

Haven't been to the ATM in quite a while.

After they print that 2 - 3 trillion to pay for the stimulus package

The fed will just poof up mystery cash to prevent any actual collapse.

adding zeros on the screens.

A shocking amount of people barely know what cash looks like anymore, never mind how to count it and use it. Some places, they look at the stuff like it's a forgotten civilization's ancient relic that has a plaque nearby that reads: Use unknown.

Anybody spotted a cashier who knew how to count back change to you? Think that last happened in, oh, 1995 or so.

I don't have a debit card, pay my bills by check and buy whatever I may need during the month with cash. The thought has occurrvd what if I need food and can't get any money out of the bank.

To bribe people in the ICU to give you the ventilator. They don't take cards.

So cash is of relatively limited value. That's not to say a small stack for the bug out bag isn't apropos.

Their bank in Kansas failed in the 70's.
My husband died 3 years ago from a stroke. I took care of him at home for 6 months before he passed. He was profoundly deaf and couldn't communicate at all. My income is social security as I'm a disabled widow with 2 kids. My concern is genuine. The markets crashed during the depression and then the banks failed. Not so long ago the safeguards to prevent this were weaked by Trump and etal.
My parents were born in 1928 and 1929 and passed some of their thriftiness to me. I already had a stash of food and supplies. I live 12 miles from town so I try to stay stocked up .
I believe you owe me an apology.

I guess they removed their post but felt an apology wasn't appropriate!

What are they running on the bank to get?

Most Americans have less than $1,000 cash in the bank. Rich ones will be buying up corporate stock on the cheap with their liquid cash as this bottoms out. Anyone that paranoid about a banking collapse wouldn't trust the banks to hold their money begin with.

Drive up only but they have tellers you can see by video, you can make a appt if you need to come in. I wouldn’t want to touch those canisters though so i will do everything online.

I normally take out cash on the first, easier for me not to spend it all with ATM, but next month going back to CC and ATM with wipes in my purse.

Thank god we can do most bills online now.

I keep cash on hand because I live in the boonies and if we lose power, it's sometimes for over a week.
A lot of stores without backup power then switch to cash-only sales because their card readers and cash registers don't work.
You'd be surprised how many cashiers don't know how to figure out how much change you should get back without the register telling them.

The meat departments are whipped out in the four I went to today. I needed eggs big time. Finally the fourth store had some. I had to go through two cartons before I found one without a cracked egg.

Physical triplicate forms that they can fill out if the power goes down. Used to, the CC companies required retailers to retain a supply of them for power outages, or when computers get glitches, but I’m not sure how true that is anymore.

Had a power outage at my husband’s store a couple of years ago, and the mgmt had those old forms in the cashiers’ hands within five minutes.

...What does that mean? It means if the bank looses all its money for any reason, if your account is less than $250,000, the federal government will replace your loss....by law it must

...After the run on the banks in the 30s they passed this law....Gradually they have raised the amount that will be replaced. As far back as I can remember, in the 50s, it was $50,000...Now it is up to $250.000.

...The very last thing we need is a "run on the banks." And yes, banks have gone broke, and Yes, the FDIC has covered all losses up to that limit.


....There is no need to run to the bank, accounts are insured...Your money is covered (up to $250,000)

That is the best near cash option you have for your 401k/IRA retirement savings. Money markets got distressed in 2008, and I heard the Fed took steps to buttress it now.

and ammo.

:/

An attack, or just a failure of the web could have all of your money locked up beyond your reach until the system was up. Everyone has to decide how much cash "insurance" they need. I keep a grand in 20s in my fire safe. It is increasing faster there than in the savings account, because, in my safe, at least it gathers dust.

About $20-50, for minor stuff. Easier to buy Girl Scout cookies with cash. 😁

But there’s also stuff like the occasions when I would be out and about, used up my water bottle and needed a recharge. I hated using my card for one bottle of water at a convenience store, or a fast food soda.

Or when we did takeout and tipped the driver directly.

Cash still works best for all that.

We used to keep a bigger emergency cash hoard tucked away, until we wound up with 3 credit union accounts—mine before we married, his before we married, and then the one that came much later with the car payment after we married. We use mine as the primary account, his as rainy day #1 and the 3rd as rainy day #2, AKA, “Crap we had that unexpected expense, now we’re broke need groceries what do we do—wait a minute! Account #3! I forgot about that one!”

Poor Account#3, our redheaded stepchild of emergency finance.

...just do a shout-out, guys.

A lot of us have more time on our hands now, and it looks like the need for experienced troll-hunters is escalating exponentially, too.

helpfully,
Bright

Now if ApplerPay went down, you might have a real problem

I pay for all of my day-to-day stuff like groceries, restaurants, and the like, with cash.

About a year and a half ago I got caught in an ice storm in Boise City, OK. There was no power in the city, and the roads out in any direction were closed. I was able to get lunch at a cafe which had its own generator. I then drove to one of the two motels in town and pleaded with the manager to let me have a room so I wouldn't be sleeping in my car overnight. As we were talking, the power miraculously came back on. He'd already told me that the owner had advised him to close up completely with no power, but now he knew he could stay open. But his credit card machine still wasn't back on. So, because I always have some cash with me, I offered $50.00 cash for a room, knowing he'd probably keep it to himself. I didn't care. He countered with $60.00 and we had a deal.

So yeah, having some cash is always a good idea.

When I'm travelling I will have a bit more with me than when I'm home.

If you lose your wallet or forget it somewhere, you can call your card company right away and get the card off the grid. Some of us can even turn off our cards ourselves now. And turn them back on again if we find that misplaced wallet under our sofa. Yep, there’s an app for that.

If you had cash in your wallet when you lost it while out of the house, kiss it goodbye. It’s gone.

I wouldn’t pay for anything except the hotel room and the occasional low-dollar fast food/convenience store purchase. Too risky to flash cash.

BTW: I tried to pay cash for a hotel room only last month, but couldn’t. They no longer take cash, for security reasons. So I had to use my debit card, anyway. It’s getting ever harder to find places that accept the stuff.

So while I agree that keeping some cash on hand is a good thing, I get why so many go cashless.

My experience was a rare exception and worked because the manager saw a way to keep some extra money for himself. My offer would not have worked at a chain motel. It worked because it was a small town locally owned one.

I don't spend a lot of time worrying about being robbed or losing my wallet.

I've noticed that the people who are totally cashless wind up squandering money when they want to buy some small item and there's a minimum to use a debit or charge card. So they buy something additional.

What I like about my cash system is that it's far easier to manage my money than in an earlier time when I used the charge card more freely. At the beginning of every week I take a fixed sum out of the bank. About half of it goes into envelopes labelled Entertainment, Clothing, Health & Well Being, Christmas Club, and Miscellaneous. If I want to go to a movie or out with friends, I see how much is in the Entertainment envelope. I can borrow from the Miscellaneous envelope, of course. But if that's empty, too bad for me. The cash that doesn't go into one of the envelopes is my grocery and walking around money.

I started doing this a few years ago when my income was severely limited, and it's been wonderful. I will put certain large purchases (like when I recently got a new computer) on a credit card. Because I think someone who does not have a credit card is probably making a mistake. If you literally never go anywhere, never need to rent a car or get a hotel room, and perhaps don't even own a car so you don't ever have to worry about some sudden repair expense, then you can do without one. Otherwise, even if only for a rare emergency, you should have one.

I listened to the head of one of the Federal Banks on 60 Minutes last night. He appeared to be concerned about it. If he is concerned I wonder if I should be. He tried to be reassuring by suggesting that banks were safe because, if necessary, the Fed could print, (his words, not mine) "infinite" amounts of money to cover bank withdrawals.

(I think I may hit the ATM again today. After all, the money makes as much interest under my mattress as it does in my credit union account.)

Are you trying to start one?

The reality is that many banks have closed their inside branch operations. You can used the drive-through window, though.

TIP: Sanitize your hands with hand sanitizer after handling the document transfer carrier. Both times.