On Apr 17, 4:14*am, Ed Pawlowski wrote:
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.



That's what most people do.