Many of us are conditioned to paying for everything by card, but cash still has a place -- especially in the event of a natural disaster. Keeping "emergency cash" at home can be a useful backup if power goes out for an extended period.
Image courtesy of Shutterstock
Noting that many people affected by Hurricane Sandy found themselves without immediate funds, the Consumer Reports weblog recommends keeping a small stash of cash in your home for emergency use. For large sums, you might use a commercial safe; for smaller amounts, something like a DIY book safe might do. I'd recommend keeping at least enough for a tank of petrol and a few meals.
If you know that a hurricane or is headed your way and don't normally keep cash around, consider taking out enough from an ATM to get you by for a few days in case of a power loss.
Hurricane Sandy proves cash is still king in emergencies [Consumer Reports]