If the answer is more than $100, then you have too much cash in your house.
We
all keep a little money on hand for those rare occasions – like the
times you need cash because the neighborhood kid offers to shovel your
driveway or mow your lawn. You want to help the enterprising young child
but don’t want the hassle of driving to an ATM, so you keep some cash
around the house. But if you’re hiding money in your home because you
don’t feel it’s safe in a bank, you’re making a huge mistake.
During
the recession, when everyone was panicking because banks were failing,
lots of people decided their cash was safer in their home and out of the
bank. In reality, that’s not true.
