I always suggest putting money back in all my food storage challenges, well a while back I received this question in one of the comments.
Could you please explain a bit more about the money stash. Food storage challenge is a brilliant help to me and have just been through them all again to see what else I may have missed. Cannot find original post about money stash though. I take it this is different to an emergency fund and rather if banks were not open or chaos prevails. Thank you for all your ideas and help you provide here.
I thought instead of just answering her I would do a small post about this.
In all my food storage challenges, I recommend putting back money every week, however much you can afford. For a few different reasons.
# 1 If the power is out for an extended time and you can’t get money out of your bank, then you have some cash on hand to get by until the power comes back on.
# 2 If the banks have a bank holiday once again you have cash on hand.
# 3 If at all possible I do recommend having enough cash for 3 to 6 months of bills and living expenses. I know this is difficult for a lot of people, that is why I say to try and put back something every week, even if a very small amount, it all adds up. I would hope that we would never have bank holidays, but they have happened in other countries.
#4 And it is also nice to have if you are a little short and need a few extra dollars for whatever ( especially if you have teens) Just be sure to try and replace it.
#5 Peace of mind. Just knowing that you have that little back up helps to give a little peace of mind. Back when I was a single parent and very broke I would scrounge everywhere all over the house looking for change just to get something that the girls needed. I don’t want to ever have to do that again, that is a feeling that I will never forget.