<prompt> Human: Im having a conversation with my wife. We have an emergency fund and savings and our own spending accounts. I like the idea of keeping 200-400 in cash around the house in case of emergencies needing cash. She would rather keep it in a secure place like a bank account. Thoughts?  <response>: In some cases like storms power can be knocked out to atms or atms can run out of cash. Cards might stop working. Keeping a small amount of cash on hand, like 200 to 500, can be helpful in these kind of emergencies. However, you should be able to afford losing it, like if you house burns down. It shouldnt be the majority of your emergency fund. Of note if you do this dont keep anything larger than a 20. Have a good mix of bills. But honestly this is more of a prepper move than a financial move. The only financial part is that it can be harder to spenddip in to if youve got it stashed away out of reach. 