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Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance] #886649
02/12/15 04:40 PM
02/12/15 04:40 PM
Joined: Jul 2012
Posts: 2,025
Sandra Investing/HFinance Offline OP
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Sandra Investing/HFinance  Offline OP
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Koala
Joined: Jul 2012
Posts: 2,025
Thank you, Trish. I like the book idea. May have to try it. It would certainly hide well amongst all my books.


Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage


Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance] #886650
02/12/15 04:44 PM
02/12/15 04:44 PM
Joined: Jul 2012
Posts: 2,025
Sandra Investing/HFinance Offline OP
BellaOnline Editor
Sandra Investing/HFinance  Offline OP
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Koala
Joined: Jul 2012
Posts: 2,025
Gordon,

When I wrote about emergency funds, I was thinking along the lines of an unexpected repair or doctor's bill or a job loss. It is true that in the United States we have a stable currency. We, also, only use one type of currency.

I look at the issue of currency wars in a different context as emergency funds. In regards to currency problems, I would definitely agree with your belief in keeping several sources of currency at home. Perhaps gold coins too. As Russia and Switzerland have proven, currency can devalue and fluctuate within a very short period of time. You want to have assets on hand in those cases.


Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage


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