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Mr. Austerity

wrote:
On Mon, 16 Apr 2012 17:26:30 -0400, Duesenberg wrote:

On 4/16/2012 4:34 PM, HeyBub wrote:
Kurt Ullman wrote:
Which is largely why only my emergency money is in the bank. The
stuff I can not lose.
Bank? BANK?

That means you can access it only about 50 hours out of the 168 hours in a
week, or less than 1/3rd of the time. You probably can't drain more than
$500 from your account via an ATM machine.

Credit card. Many people have $5000 to $25 000 available on credit card
then just pay back the money out of the bank to pay it off when it's
convenient later in week or whatnot.

You can't use a credit card at all places but still it allows for
emergency flexibility.

These days, credit cards don't work if the data line is down. In any
serious emergency, that is likely. Same with any kind of plastic or
even the ATMs.
These days they are becoming reluctant to cash a check a lot of places
if they can't scan it back to your bank.
A lot of times, the actual check is superfluous. You get debited as
soon as they scan MICR off the check. Some merchants will hand it
right back to you.

Junk silver if you are worried about the end of the world.