Living in the present crazy times when the economic market internationally is on a rollercoaster and you don’t know what you have at the next turn having a financial plan is an intelligent choice, hence hiding some cash is a good practice as well.
While keeping your savings in a bank account promises profit for tomorrow it may sound old school but practical to keep some cash at hand.
Table of Contents: Hiding Some Cash
💷 Importance of Keeping Cash in Your House
Importance of Keeping Cash in Your House
Safe Amount to Keep
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Cash in Hand can Come in Handy
Pros and Cons of Keeping Cash
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The Bottom Line
Nowadays you can swipe your credit/debit card anywhere, however, you may not be able to use your debit or credit card in a few places. In some places, you need to have cash. Similarly, emergencies need cash.
While it is not smart to keep cash at home and devalue your money it is also unwise to ignore the importance of keeping an emergency cash fund at hand.
As long as you are making enough money to keep yourself fed and sheltered you can create a cash fund to help you out in times of crisis.
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