Posted: 4/4/2012 11:17:43 AM EDT
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Do any of you guys vacuum seal your cash? Looking for options for long term storage of cash in my safe. Rubber bands seem too ghetto, not sure if you can buy the cash bands the banks use? Any other options out there?
Currently my cash sits in a small fireproof safe within my gun safe. It is in there with other important docs and every time I remove the small safe to retrieve something the cash gets all mixed up with the other docs. I guess I could use paper clips, rubber bands, or binder clips but there must be a better option out there. |
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Do any of you guys vacuum seal your cash? Looking for options for long term storage of cash in my safe. Rubber bands seem too ghetto, not sure if you can buy the cash bands the banks use? Any other options out there? Currently my cash sits in a small fireproof safe within my gun safe. It is in there with other important docs and every time I remove the small safe to retrieve something the cash gets all mixed up with the other docs. I guess I could use paper clips, rubber bands, or binder clips but there must be a better option out there. there is. APMEX.com TXL ETA, really, not a joke. Yes, keep some cash around obviously. But cash is doing nothing but losing value, so I would place a chunk of it in pm's and keep them in the safe. |
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Keeping some cash on hand makes sense, but large amounts is stupid. You aren't earning any interest on it, and if it gets stolen or destroyed in a fire/storm then you are screwed as no insurance company replaces cash.
If you want to protect them from water/weather try a Loksac. Those are inexpensive and work great. |
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Just get a money bag to put it in. You can order them online, or any office supply store will have them.
And I agree with putting it into something that earns a return. Only keep enough to cash to cover emergencies and daily use as needed. You're losing money by hoarding it in a safe. |
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Keeping cash in a gun safe is not a good idea. Nothing to do with the fire protection. 
My gunsafe is fire resistant to a certain degree and the OP said he had his cash in a small fireproof safe within the gun safe. I keep some cash in my safe as you never know when you will need some in a hurry. After 911 all the ATM's were empty so I feel its a good idea to keep some cash just incase. |
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i keep mine in the evelope that the bank gives you. opens from the top and has sticky seal. This is the correct answer. I use "the envelope method" for saving/budgeting for all sorts of small, discretionary things. I label the envelopes and that way have small designated "savings accounts" for things like: weekly budget, gun shows, hobbies, Amazon books, etc. The way I am with my hobbies, if I tried to keep everything in my checking or savings accounts, I wouldn't be able to keep it straight exactly how much money I could safely spend on discretionary/fun stuff. And in an emergency, I have some cash available that I can "loan myself" for other than designated purposes. In this event, I write myself an i.o.u. and put it in the envelope! Hey, maybe it sounds crazy, but it works for me! 
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there is. APMEX.com ETA, really, not a joke. Yes, keep some cash around obviously. But cash is doing nothing but losing value, so I would place a chunk of it in pm's and keep them in the safe. This. I keep all of my silver in a firebox in my gun safe. I have over 100oz right now, and infact I just had some more delivered today from APMEX and that is why I was checking this forum for silver threads. I bought 15 ounces last week after silver dropped from $37/oz to $31/oz in a matter of days. Now it's up a buck today and is worth $30 more than what I paid for it. You can't say that about the cash your saving. If anything, it's worth less... |
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Quoted: I have no cash in my safe...and hardly any in my wallet either. I do have some silver tho. I dunno, having a couple hundy in cash might not be a bad idea, but really, in most imaginable hardcore SHTF scenarios, paper $ ain't gonna be worth stank. This makes no sense to me. First off, there are many more likely scenarios where you have no access to your "electronic money" but cash is still good. A power outage and the store can't process credit/debit cards? That's not too far fetched. What if we are talking about a widespread power outage that lasts more than a few hours or days, such as in the case of a natural disaster? So there are tons of reason to have a decent amount of cash. Second, in the rare case of a real SHTF scenario, you electronic money is gone....poof....gone. Cash will be good for a few days. People are going to be complete morons and still have faith in cash because, hey....everything will be 100% normal in a day or two, no worries! So your cash WILL buy stuff for a few days. Soooo, if we are talking a real SHTF scenario you can loose (or at least loose access to) all your electronic money or you can have cash that you will be able to use for a few days if not longer. That being said, I'm not saying I don't have money in the bank! I'm just saying I'm earning .035% in my savings account at my bank so why not earn 0% on a few thousand in my gun safe and if I need it, it takes me 12 steps and 30 seconds to put my hands on it. My 2 cents. |
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I have no cash in my safe...and hardly any in my wallet either. I do have some silver tho. I dunno, having a couple hundy in cash might not be a bad idea, but really, in most imaginable hardcore SHTF scenarios, paper $ ain't gonna be worth stank. This makes no sense to me. First off, there are many more likely scenarios where you have no access to your "electronic money" but cash is still good. A power outage and the store can't process credit/debit cards? That's not too far fetched. What if we are talking about a widespread power outage that lasts more than a few hours or days, such as in the case of a natural disaster? So there are tons of reason to have a decent amount of cash. Second, in the rare case of a real SHTF scenario, you electronic money is gone....poof....gone. Cash will be good for a few days. People are going to be complete morons and still have faith in cash because, hey....everything will be 100% normal in a day or two, no worries! So your cash WILL buy stuff for a few days. Soooo, if we are talking a real SHTF scenario you can loose (or at least loose access to) all your electronic money or you can have cash that you will be able to use for a few days if not longer. That being said, I'm not saying I don't have money in the bank! I'm just saying I'm earning .035% in my savings account at my bank so why not earn 0% on a few thousand in my gun safe and if I need it, it takes me 12 steps and 30 seconds to put my hands on it.
My 2 cents. I'm not saying... I'm just saying. |
| Here's my view on silver. In the economic collapse of any civilization since the beginning of time, people never bartered or traded with gold, silver, or any other metal, they used goods and cash. After Katrina, I know people who were offered a wedding ring for a bottle of water and a meal. I personally find investing in metals to be well, in my opinion, not very wise - not judging though. |
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Here's my view on silver. In the economic collapse of any civilization since the beginning of time, people never bartered or traded with gold, silver, or any other metal, they used goods and cash. After Katrina, I know people who were offered a wedding ring for a bottle of water and a meal. I personally find investing in metals to be well, in my opinion, not very wise - not judging though. Exactly. Metals have their greatest utility if you have to move between systems or you wait until society comes back from a setback. They have very little utility in post disaster situations, or even Mad Max ones. In the ruins of Katrina, I am quite sure 20 dollar bills had far more utility than gold coins. Besides, most people know the value of a 20 dollar bill. People look at exotic things like gold coins with suspicion. A stash of 20 dollars bills has gotten me out of more than one bind, most recently in Crimea. Money talks... loudly. Only on arfcom is the US dollar shunned. |
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Quoted: Quoted: Here's my view on silver. In the economic collapse of any civilization since the beginning of time, people never bartered or traded with gold, silver, or any other metal, they used goods and cash. After Katrina, I know people who were offered a wedding ring for a bottle of water and a meal. I personally find investing in metals to be well, in my opinion, not very wise - not judging though. Exactly. Metals have their greatest utility if you have to move between systems or you wait until society comes back from a setback. They have very little utility in post disaster situations, or even Mad Max ones. In the ruins of Katrina, I am quite sure 20 dollar bills had far more utility than gold coins. Besides, most people know the value of a 20 dollar bill. People look at exotic things like gold coins with suspicion. A stash of 20 dollars bills has gotten me out of more than one bind, most recently in Crimea. Money talks... loudly. Only on arfcom is the US dollar shunned. BINGO on both of the above posts. I'm not against owning gold or silver, I own some silver right now as a short term investment and I've bought and sold well over thousand ounces in the last couple years. Ya I hear the commercials "Gold has never been worth $0!" True and neither has guns and ammunition and I'll dare to wager that guns and ammo will be a much better investment if it all really did hit the fan. |
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Keeping cash in a gun safe is not a good idea. Nothing to do with the fire protection.
My gunsafe is fire resistant to a certain degree and the OP said he had his cash in a small fireproof safe within the gun safe. I keep some cash in my safe as you never know when you will need some in a hurry. After 911 all the ATM's were empty so I feel its a good idea to keep some cash just incase. The reason not to keep cash (or other small precious valuable such as gold/silver/gems/etc.) is only in small part the lack of fire protection, so keeping it in a fireproof 'container' inside a gun safe only helps a little. And while a gun safe is certainly better than a sock drawer, it doesn't offer the greatest amount of security of these kind of valuables. For guns, gun safes are great because really, where else can you safely secure items the size of guns? And in many cases, guns can be covered by insurance. I think the last place I'd want to keep valuable like cash or precious metals/gems is in a giant box that screams "Hey, I got valuables in here". If you've got to store large amounts of cash and you want to have easy access to it, think about something like a hidden floor safe (many of which offer much better fire protection than most gun safes). I know most people believe that their gun safe is as secure as Ft. Knox, and that the only way to get through to them would be over your dead body, or if it's already TEOTWAWKI, but that's really far from the case. This commentary of course is more relevant to larger sums of cash, not just a few thousand bucks to get you by in a pinch. |
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I'm not saying... I'm just saying. I read re-read my comments and then yours several times....I'm confused. Easily confused, but still I have no idea what you mean. 
Sorry. I tried and failed to force that saying into that context. Just meant that I agreed exactly with what you said, and that I may or may not have taken exactly the same approach. |
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Quoted: I'll be honest, I'm not near as concerned with the fire rating of my safe as I am with gun to my head rating. There is nothing in my safe worth dying for and if you put a gun to my head, I'm opening it. I think that's true for most people. The human aspect of gun safes is always MUCH weaker than the physical safety aspect.The reason not to keep cash (or other small precious valuable such as gold/silver/gems/etc.) is only in small part the lack of fire protection, so keeping it in a fireproof 'container' inside a gun safe only helps a little. And while a gun safe is certainly better than a sock drawer, it doesn't offer the greatest amount of security of these kind of valuables. For guns, gun safes are great because really, where else can you safely secure items the size of guns? And in many cases, guns can be covered by insurance. I think the last place I'd want to keep valuable like cash or precious metals/gems is in a giant box that screams "Hey, I got valuables in here". If you've got to store large amounts of cash and you want to have easy access to it, think about something like a hidden floor safe (many of which offer much better fire protection than most gun safes). I know most people believe that their gun safe is as secure as Ft. Knox, and that the only way to get through to them would be over your dead body, or if it's already TEOTWAWKI, but that's really far from the case. This commentary of course is more relevant to larger sums of cash, not just a few thousand bucks to get you by in a pinch. Quoted: I gotcha! Thanks for the clarification. Sorry. I tried and failed to force that saying into that context. Just meant that I agreed exactly with what you said, and that I may or may not have taken exactly the same approach.  |
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Different idea-to consider:
cash is king- I do have some- like every one should -at home. I live in the boonies 20 miles to the atm/bank that I use New Idea-diversify $1 coins- I get some every week at the bank single coins or rolls 30 caliber ammo cans hold the rolls in 3 vertical stacks of 29––-so 87 rolls of $ 25 $2175 in an ammo can 38-39 lbs of coins plus the ammo can Cash at home for Emergencies-not very easy to "borrow" $20 or a $100 from the stack of $20/100 bills Mobile enough if shit hits the fan in a long term emergency that I would have to use cash( job loss- big bills for car repair-mortgage car payment)-go to the bank and turn them in for paper or pay the mortgage payment there or go make the post office live up their idea that they like the $1 coins and get usps money orders 
What say the fire protection specialists on the ammo cans melting with the coins past the ability to turn in damaged coins for new? Another method/idea with a cash + envelope budget system hybrid. For my last deployment- I did a run to the post office. I bought usps money orders in the amount of each bill that I had -electric,water,cell, house payment, any recurring credit card minimums, house taxes, several $100/250 one for general use(groceries-fuel) and put the from with my name on the from: and the TO: blank. I separated out the carbon copies and put them away in a separate fireproof box. Then I had every emergency money need taken care of, and if I needed to use them then I put the payee name in the right place and I was done. If I did need them for something else I took the proper amount one and sent it or just turned it back in to the post office for refund for cash. IF they were stolen/burned up, turn the receipt into the post office and go from there. I think they are good for 1-2 years and they are about $1.25 each- turn them over to new ones every one to two years. I ended up using some for gun broker stuff/EE stuff when I got back. |