Here is Your Required Cash Reserve in Case of a National Emergency

Large sums of money are not something that many individuals like keeping in their homes because of fear of being stolen or misplaced. It’s dangerous to keep cash on hand, especially in big amounts. If the funds supply is taken, you won’t have sufficient funds for an emergency like a break-in at your house because actual cash isn’t protected and will not likely be reclaimed. You can protect the security of your belongings by strategically hiding your emergency savings; consider it like creating a bank inside your house.

It is common to keep a small amount of cash on hand at home. Prakash advised keeping a $1,000 cash fund at home, although it should be stored in smaller amounts.