
With tariffs creating economic uncertainty, many Americans are rethinking their emergency savings — and whether to keep some physical cash at home.
Not every financial planner thinks physical cash is essential, but some say it’s wise to keep a small amount on hand in case of power outages, natural disasters or payment disruptions.
“I would be comfortable with $500 to $1,000 in cash for unforeseen issues” like a hurricane, says Matthew Saneholtz, a certified financial planner at Tobias Financial Advisors in Florida.
Keeping $300 to $500 at home for emergencies or unexpected cash-only expenses is reasonable, says Crystal McKeon, CFP at TSA Wealth Management. (...)
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