Do you store cash in your home for emergency's?

yes i've heard news about the bank runs. thankfully it has not happened here where i am. i sure hope it won't ever happen here. i don't think i will store cash at home as we have deposit insurance. i don't have a lot of money sitting in my savings account so the deposit insurance more than cover my money. i don't even keep cash at home as ATMs are pretty accessible. we have ATMs all around, always within 10 min. cheers ;p

Well, we haven't quite reached that point yet in canada, but I do keep cash in the house in case of an emergency. I've always had a bit. I guess I'm envisioning a storm or something causing all of tghe power to be out, and needing to buy something at a store.

It's good to read such level headed responses and that people are not rushing to the banks to pull money out. That's the last thing we need. I nearly always keep a little cash stashed away and have increased that a little, "just in case." But most of my money is in the bank.

I have a little on hand. Not much, as I don't have much to put back. We are living paycheck to paycheck. My husband is not even getting a 40 hour week some weeks for the last month.

Even if I could pull out there is no way. With the convience of EFT's it would be impossible for me to try and pull out of the bank my life would really get complicated. I do however try to keep money at home just incase. Never keep all your eggs in one basket so to speak.

I don't store a lot of cash in my home. Usually I go to the bank on Fridays and get $25 in ones to put in the cupboard. I use this money for lunch money for my kids for the week. That is all the cash I ever have in the house. If something happened to my bank, I'd be in trouble.

I know banks are safe. But, over the summer I recently started putting a few bucks aside. NOt because I don't trust banks but so I would have some money that I would not spend. It's locked away so it is hard to get at and easy to forget about. To me, it is just a non-bearing savings account.

I store cash money in home, every since, it's just I'm not used to it stored in the bank, I'm afraid when there's a emergency case that need cash and don't have cash on hand. This thing scares me.

Hi there happythoughts! We do keep cash at home for daily expenses as well as for emergency purposes. Mom, Dad and I keep some bank accounts for money that we do not yet need. It is safer than keeping it at home. We also invest in investment media that is safe. I still have my investments in the stock market but have pulled out my other investments due to a weak market. I maintain those that are still doing well.

With me there is a catch 22 regarding the banks.First, I really feel I don't want nothing to do with them in these uncertain economic times, second, I need my bank account because I receive checks sometimes that I can not cash anywhere and the only way I can cash these checks is by depositing them in my bank account. Thats the only reason why I need a bank.. I'm not sure if were getting to the point to where we all should pull our money out of the banks, but if I had a large savings I wouldn't feel comfortable with my money in the bank right now. Invest in gold I've been told. ( if only!)

That's the panic approach, and people panicking and selling off their stocks is partly what is causing the crisis. I think if I had any money to speak of I'd be withdrawing some of it for "just in case", but if everybody made a run on the bank we'd really be in big trouble. Don't get me wrong, I'm not comfortable with the situation as it is, but I'm not ready to add to the problem just yet.