this post was submitted on 30 Oct 2024
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Yup, I keep a fair amount of cash on hand at home in case there's some kind of mass outage so I can at least get essentials to last until power is restored. Oh, and I also use it for my kids' allowance and for baby sitters, but I have larger denominations as well in case of emergencies.
That said, I have been considering using cash more often because I really don't like all the tracking that already goes on, and I certainly don't want the government having that data as well. But cash is super inconvenient because of small change, so I haven't made the switch yet. If we could get rid of the small change and just round prices a bit, I would seriously consider going back to cash.
Just a note, high denominations are not great during emergencies, unless you mean big purchase emergencies. Buying food and gas with high denomination bills may end up in seller not accepting the bill because they have no change. Or happily accepting that bill despite having no change.
For small change, you could take the jar to your bank and make a cash deposit (and see the cashier die inside). In some branches they have machines for counting change.
Yup, exactly that. I'm in the US and keep a few hundred in $100 bills, with the rest being smaller denominations. I usually have about $1k in cash in a safe, with lots of small bills. So that should be plenty to handle a couple weeks worth of groceries, or a couple large purchases (e.g. paying someone cash to move a tree or something).