When it comes to money matters, I have to admit I know very little. When I started my career I thought as long as I get my monthly pay check I will be ok. A few years down the line I'm thinking if I can pay all the bill and still stay alive… then I will be ok. Just kidding! I few undergraduate (painstaking grrrr) courses have taught me a little more than that!
Anyway, I am always on the look out to further my knowledge on finance matters. As a result I have subscribed to a few good blogs. That's how I came across an interesting post on Why I Keep Cash Under My Mattress written by Trent.
I believe what the he was trying to get through was to have a stack of money at hand. In case of an emergency this would come in handy. Use Credit card, debit card you say? That's what I thought as well.
However, Trent gives some facts you can't ignore. Hurricane Katrina, tsunami of 2004 are a few examples.
Of course the other side of the coin is interest? You will be loosing some interest on the money you keep under your mattress! So I guess at the end of the day, it is up to you decide whether it is worth having some money "under the mattress". If yes, how much.
All in all, the post was a 'tap tap' on my think tank. As a practice do you have some money "under your mattress"? Or do you think it is a waste?
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