quarta-feira, 16 de abril de 2025

How much cash to keep in your home right now, according to money experts

 
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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