Community Chat

[ScrapHappy]

YES!  I always try to have some cash stashed away in the house and it's one of the first things me and my husband did when things started getting bad.  I remember finding cash "hidden" around in my Grandmother's house.  I thought what a crazy thing to do, later in years my mother explained to me why.  She obviously didn't hide it that well.

[SharkE]

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@Anonymous032819 wrote:

People are behaving as if we are living in an apocalypse, like in Mad Max.

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Yep, everyday another horror is gonna hit us. Corona,  run on toliet paper, wild wasps, meat shortage , chicken shortage,  now, banks will be closed.  Ain't life grand .

[happycat]

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@JasoninBoston wrote:

I do keep an emergency bag of ducuments that does have a large amount of cash in it ($2500).

Friday the fire alarm in my large downtown Boston apartment complex went off and I grabbed the bag, my computer and put on my face mask and made my way down the lobby.  I kept thinking if I had to go to a hotel (if one was even open that I could get into) I really had many essentials.

I did have a relative that passed away several years ago that kept a large amount of gold bars under her bed!  While I thought that was a bit extreme then, I reminded that to my mom recently as something to consider!!

I don't want to freak out but I do think it's wise to have an emergency stash with all our essential documents--that we can access quickly!! Especially if my apt building caught on fire and I couldn't return!!

Thankfully the alarm I had in my place Friday was a false one---so I just put the bag back in its special hiding place!!

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My husband has been telling me for a while now we need to have an emergency bag packed. I honestly haven't taken him serious, but I do think it would be a good idea. Isn't gonna hurt anything, and it won't hurt anything to withdraw some more cash out of the bank either. It would be better to be safe than sorry. 

[ALRATIBA]

Nope.  I don't trust one word that's written in the New York Times, including the words "and" and "the."

[Lucky Charm]

Yes.

[proudlyfromNJ]

Checked with my husband who said he heard about that and everything was taken care of. Safe here also.

[vsm]

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@Anonymous032819 wrote:

Every financial advisor worth their salt, would strongly advise against withdrawing money, and causing a run in the banks.

As I said, every account is federally protected up to $250,000 by the FDIC.

And my father was a child of the Depression too.

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Financial advisors often have an interest in your being fully invested in products on

which they get a commission.

FDIC insurance is of no help to you if you need cash in an emergency.  Its purpose is to protect against loss from, for example, a close-down of the power grid, theft or mishandling by the bank, or cyber attacks.

And it's just silly to compare panic-induced runs on banks with the common-sense decision to keep extra cash on hand for emergencies -- especially for one the likes of which we've never seen before.

[World Traveler]

@QueenDanceALot Well, considering I have a licensed gun in the house, I know what I would be tempted to do. 

[proudlyfromNJ]

Guess I'm in the minority with no weapon.

[World Traveler]

@QueenDanceALot 

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@QueenDanceALot wrote:

 I see nothing wrong with releasing prisoners who did not commit violent crime and who are near the end of their sentence.

They weren't sentenced to death.

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I have wondered about the prisoners being released because they have the virus. It seems if they are in cells alone, that is the best protection; better than going outside in the real world. Are the prisoners who are being released ones who share a cell with a bunch of other prisoners? Otherwise, I would think they are safer inside. Just wondering. Haven't seen it mentioned anywhere what the amount of prisoners in a cell is.