With all these economic uncertainties we hear on the news lately, how much cash on hand or at the bank, should a person (in good health) have with him/her at a time like this to be consider "ready" for when the s hit the fan for a period of say.... 2 months? $5K? $10K? $20? $25K? $50? $100K???
Of course many considerations would have to be taken before a final decision can be made on how much $$$ this individual should have on hand or at his/her bank. Lets say that this person lives by himself/herself in an apartment, have $30K in debt, have his/her own car, family lives out of town, have enough food and water to sustain himself/herself for only 2 weeks. The emergency cash on hand or at the bank is just for uncertain situations only --- such as to buy more food, clothes, weapons, etc... if needed.
It doesn't matter how much debt a person has, in a shtf situation who would want to think about paying bills?
Sorry if this is a little vague as I'm trying to get this done in a rush and tired at a relatives house. Didn't get enough sleep last night as I stayed up all night last night watching the EQ in Japan. Don't want to forget about it tomorrow when I get home.
Please feel free to throw in other considerations before concluding with the amount. If you will... how much $$$ would a family of 3, 4 or 5+ need on hand for a similar situation? Thanks! Heading off to bed now. You all have a safe night.
Of course many considerations would have to be taken before a final decision can be made on how much $$$ this individual should have on hand or at his/her bank. Lets say that this person lives by himself/herself in an apartment, have $30K in debt, have his/her own car, family lives out of town, have enough food and water to sustain himself/herself for only 2 weeks. The emergency cash on hand or at the bank is just for uncertain situations only --- such as to buy more food, clothes, weapons, etc... if needed.
It doesn't matter how much debt a person has, in a shtf situation who would want to think about paying bills?
Sorry if this is a little vague as I'm trying to get this done in a rush and tired at a relatives house. Didn't get enough sleep last night as I stayed up all night last night watching the EQ in Japan. Don't want to forget about it tomorrow when I get home.
Please feel free to throw in other considerations before concluding with the amount. If you will... how much $$$ would a family of 3, 4 or 5+ need on hand for a similar situation? Thanks! Heading off to bed now. You all have a safe night.
