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Cash

(12 Posts)
FusionChefGeoff Tue 05-Jun-18 16:05:00

Thinking on cyber attacks and we'd be seriously screwed if banks and online transfers etc went down.

Anyone keep a stash of cash??

silverysky Tue 05-Jun-18 16:14:16

Would cash mean anything if banks 'went down'? Wouldn't you be better off with things to barter?

FusionChefGeoff Tue 05-Jun-18 16:17:19

See that's exactly the sort of thinking I was hoping to find on my first foray into the Preppers board!!

Good point.

I guess I was more thinking if cyber attacks either crashed the whole internet (is that even possible??) and although banks are theoretically still functioning, I can't get to my money.

silverysky Tue 05-Jun-18 16:21:20

Most banks have regular backs ups and do regular disaster recovery. I personally keep some cash available anyway. I reckon if everything seriously went down the government would probably have to ration resources.

AuntieStella Tue 05-Jun-18 16:26:41

I would certainly aim to have enough cash to see me through a few days. How much difference it would make in some scenarios is moot.

But enough to cover food and other essentials during an interruption to banking and card payments (say 3-4 days worth).

Also, I still have a cheque book.

FusionChefGeoff Tue 05-Jun-18 18:56:45

Mmm yes I think we probably do need a stash somewhere then - do you think the loft would be a good place to deter any would be burglars?? That's obviously the downside of holding large amounts of cash in your house..

silverysky Tue 05-Jun-18 19:14:53

You don't want too big a stash, really. Otherwise when notes/coins are discontinued and out of date you have to take them all to be changed.

FusionChefGeoff Wed 06-Jun-18 11:03:41

Another good point! Will use the new £10 then as surely they've got a bit of life left in them yet!

BiddyPop Wed 06-Jun-18 12:54:57

I built up a stash of cash when the recession hit in 2007 or so - there seemed a serious danger of banks collapsing at short notice here at the time. So I got in the habit of keeping enough on hand to last at least a fortnight (doing large grocery shops and filling petrol tank etc) as I reckoned they would have to sort it out within that period of time.

I don't anymore. I generally have some in my wallet all the time, in case machines don't work. But I don't keep a large amount on hand. It seems more trouble than it's worth (in terms of people targeting us if we were seen to have it) - I prefer to make sure we have food and other supplies on hand instead.

InfiniteSheldon Wed 13-Jun-18 19:14:36

We don't hold much cash but plenty to barter with: wine, whiskey, candles, matches, batteries solar chargers and lights.

flopsyrabbit1 Sun 17-Jun-18 15:23:10

yes i am but always have had some cash that i can access straight away

auntiebasil Sun 17-Jun-18 19:44:41

I don't stash cash but have a couple of emergency notes - no more than a couple of 20s in my person at all times.
Focusing more on barter.

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