Burying Cash – Yeah, It’s Crossed My Mind
There’s an article by Smartmoney.com on Yahoo Finance about people who are burying their cash. One man from Alabama admits to burying $8,000 somewhere on his 300 acre property.
Personally, I do not like cash. I don’t like how easily it can be lost. Even having a stash in our house gives me pause. In the even of a fire or theft – it could be lost. I like having my money in the bank where it is presumably safer.
With doing that, we are placing a lot of trust in banks and in the FDIC (who insures our money). Trust isn’t a bad thing, but neither is having a back-up plan. We should probably have some cash funds available regardless of the economy right now. After all, if a natural disaster strikes, there’s a good chance or debit or credit cards wouldn’t be accepted. Who knows if checks would either. Cash, on the other hand, is almost always accepted.
So I have thought about having a little stash in the house and then maybe burying some money. I wouldn’t do it in our backyard (too small and too many curious neighbors). But there are other places I know of where we could do it. GPS technology could make it pretty easy to find again. I thought I was going a little overboard with my thoughts, but maybe I wasn’t. It turns out I’m not the only one who has thought about it.
I probably won’t do it because we have long, cold winters here. It would be tough to dig up anything we bury if we needed it during the winter. So I think we’ll keep with the small stash in our house for now.
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