Cash for your Vital Records Binder
When people think about having all of our important documents and information all in one place, they sometimes forget about an important part of this step, having cash on hand. In the event of an emergency would you have cold hard cash to use? Or would you have only a debit card, credit card, atm card, or checks? These may not always work, depending on the emergency or even natural disaster. What would happen if there was no electricity in your area for days or weeks? The only form of buying anything would be cash.
An idea that has been really helpful for me, actually came from our CEO, Tricia. She created a Family Preparedness Bank to store her cash on hand for her family. The reason why I really like this, is because I have no idea how much is in there. (see photo below) Everypaycheck I put $20 – $50 in there before I do anything else. No excuses. By forcing myself to do it this way, I am saving money, without it tempting me to spend it. The only way to get the can open is with a can opener. I am not about to ruin my good looking can for some petty item. So my cash remains, safe and tight, ready to be used in case of a real emergency. I have even given each of my children one to put there future savings into. Out of site, out of their mind. It has worked like a charm.
CHALLENGE: Your challenge this week is to find a safe container to start storing your cash on hand in. Make it something that won’t tempt you to spend the money. Sit down with your family and decide how much you can put in each time. Even starting with $5 is a start. Remember no amount is too little. In the end, it will make a difference, no matter how much you have in there.
BONUS: We thought it would be fun to give away a few of our Emergency Preparedness Banks to some of the first people who share a comment about this post and how our Vital Records postings have helped you get your family better prepared. After the first few banks we will put the names of all the other people who comment into a basket and draw names for the other banks. Our Banks are also available for sale (pick up only or at our boutique on the 14th of April), watch for our email for further details. If you would like to be on our email list, go to our website, listed on the left of our blog and sign up for our newsletter. (Just a small note. All comments will go through us to be approved. Then it will show up on our blog. We do this to cut down on spammers.)
Posted on April 8, 2009, in Emergency Preparedness, Food Storage & Emergency Preparedness, Step Seven and tagged 3 months supply, banks, cans, cash, credit, debit, emergency, families, Family, home, money, Organizing, planning, savings, vital records. Bookmark the permalink. 10 Comments.