Lesson: Keep Cash

Keeping cash and having a supply at home are crucial components of disaster preparedness and contingency planning. In emergencies, electronic payment systems may fail due to power outages or network disruptions. Having cash at hand ensures that you can still purchase necessities like food, water, and medical supplies when shops may not accept cards. Additionally, relying solely on digital payments can leave you vulnerable if you have limited access to ATMs or banking services. Having a small stash of cash can provide peace of mind, allowing for quick access, while those without ready access to cash may struggle with unavailable payment methods. Most importantly, in times of crisis, such as war or sudden inflation, credit may become scarce, and prices can fluctuate dramatically. Cash gives you the flexibility to negotiate and act swiftly. In short, carrying cash and maintaining an emergency fund at home are simple yet effective strategies to enhance your resilience in unpredictable situations, enabling you to navigate challenges more effectively.