On Mon, 16 Apr 2012 18:25:35 -0400, "Stormin Mormon"
wrote:

Having your emergency money in a bank is like having your fire extinguisher
in a storage unit, across town. Which storage unit is only accessable during
business hours.

Dumb.

Christopher A. Young
Learn more about Jesus
www.lds.org
.

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.





Depends on what you consider "emergency" money. Need to quickly
replace a failed appliance? There is a reserve in the bank to cover
that easily. Need actual hard cash? I keep a minimal amount in the
house and never had need to have a pile of it. I can get $800 from
the ATM pretty much 24 hours a day. If I see an impending storm and
want cash, I get it beforehand.

Never had a car break down where a credit card did not work.