Why “cash” is King!
For anyone who wants to take advantage of basic “preparedness” skill, saving cold hard cash, is a must.
Today we are told that having cash is not safe. Really? If I’m not mistaken, identity theft is one of the fastest growing crimes in the world today. If you are using cash, it’s pretty tough for anyone to track your purchases and it leaves no trail behind for anyone to steal. What % of violent crimes today, involve stealing cash? Not the majority of them.
If you need to evacuate due to a storm or other emergency, cash will be an essential requirement. Most people live “cashless” lifestyles that depend on plastic. People carry lots of “plastic” money in the form of credit cards and debit cards but normally don’t keep any significant amount of cash on hand for a true emergency. Most, if not all, purchases are made with credit cards, debit cards, or personal checks.
Make sure you set enough aside to counter higher prices that may occur due to needed items being in short supply. Hotel and motel rooms will become very expensive in a short period of time, if any are still available. Gasoline and fuel prices can go up in a hurry and food items, including water and ice, will get expensive due to limited supplies and availability. Don’t count on any of your normal routines working during a disaster or emergency.