Of course it depends on the amount of cash a person has available to him or her and on their needs. I would recommend enough to cover expenses for one or two months at least. Prudent business owners need enough to cover expenses and salaries for a similar time frame.
These precautions will help if a run on the banks actually occurs by lowering the panic.
RE: My question: “Exactly how much ready cash do you suggest we safely stash, anyway? Inquiring minds need to know.........”
***
...and your response: “Of course it depends on the amount of cash a person has available to him or her and on their needs. I would recommend enough to cover expenses for one or two months at least. Prudent business owners need enough to cover expenses and salaries for a similar time frame.
These precautions will help if a run on the banks actually occurs by lowering the panic.”
*******
I was thinking I needed to stash enough cash for one or two YEARS, not months — seriously! But if a couple of months would be enough, well, that’s good to know. Thanks.