Bank insiders reminded to leave 230,000 cash at home, which is of great use at critical moments
In this age of digital payments, the mention of cash may seem a bit outdated to many. However, bank experts give another advice: it is better to keep 2 to 30,000 cash at home.
This may seem like a departure from the zeitgeist, but the root cause is far from simple. Cash shows its unique and critical value in specific situations.
Why put this one obviously"Sleep"Money to stay at home? Is this an outdated practice, or an unnecessary concern? What's the point of keeping money in a world where digital payments are easily accessible to almost everyone?
In the era of rapid digital payments, many people consider cash to be an outdated payment method. But it is undeniable that cash still plays an irreplaceable role in certain emergency situations.
Imagine when an electronic payment system fails unexpectedly or internet service is temporarily interrupted, and these notes stored in a drawer suddenly become extremely important.
This is not alarmism, but a reality that could happen. For example, when natural disasters strike, electricity and network services are often the first to be affected.
At this time, whether it is to buy food, water, or other urgently needed emergency items, cash has become the most direct and effective means of payment. In addition, some small vendors or temporary stalls may not have electronic payment devices, so it is even more important to have cash in hand.
The immediacy of cash also shows its unique advantages in case of emergency. When quick payments are required, such as emergency medical services or unexpected transportation expenses, cash payments can avoid the hassle of network delays or payment limits.
In addition, the anonymity of cash transactions provides an additional layer of security for certain payments that need to be kept confidential.
Therefore, while digital payments provide great convenience in our lives, in some cases, the role of cash should not be underestimated.
It's like a first-aid prescription that isn't commonly used, but it can make a huge difference when it matters most. So, even if you live in this digital age, it's a smart idea to keep some cash reserves.
Just like cooking, you need a variety of spices to blend in on the flavors. Similarly, having all your assets in one place is like using just one spice, and there are naturally risks. Keeping all your money in the bank is convenient, but it also has its limitations.
In the event of a system failure, network outage, or even temporary bank maintenance, these funds may be temporarily unavailable. This is where cash on hand becomes even more important.
For example, when the banking system is upgraded or there is a technical failure, online banking and ATMs may be suspended.
Wouldn't it be embarrassing if you had to pay a fee? If you have cash reserves, these setbacks are not a problem.
Asset diversification is also a strategy to combat inflation. We know that money that is kept in a bank gradually loses its purchasing power over time. But having some cash on hand for small everyday expenses can at least slightly slow down the decline in the purchasing power of money.
Fundamentally, it's like building one for your financial security"Safety nets"。Most of the time, we can rely on banks and electronic payments, but when these systems are not working, the cash on hand is our finances"Lifeline"。
Managing your money wisely isn't just about increasing your income, it's also about allocating your money wisely and preparing for the unexpected. After all, life is always full of surprises, isn't it?
In this digital world, banknotes seem to be losing their luster, but it still has a place in our hearts. Holding real money in your hand, you will have an inexplicable sense of security.
It's like having a warm scarf around you on a cold winter day, and you don't need it all the time, but it's comforting to know it's close by.
The presence of money is a psychological protection for many people. This sense of security is especially strong in the face of an unstable economic environment or unexpected life situations.
For example, in the event of a medical emergency, being able to pay the cost immediately and solve the problem right away tends to reduce anxiety and panic.
In addition, cash gives you a sense of control. Unlike the cold numbers in a digital account, the money is in your hands and you can feel its weight, see its color, and even touch its texture.
This physical presence seems more real and controllable, especially when it comes to private or family finances.
The immediacy of cash cannot be overlooked. It doesn't have to wait for transactions to be processed, and it won't be affected by technical or network issues. In situations that require a quick response, such as an emergency or last-minute shopping, the convenience and effectiveness of cash is unmatched by other payment methods.
So, despite the prevalence of digital payments in everyday life, cash still has a unique value. It is not only a means of payment, but also a psychological safety cushion that makes our lives more secure and safe.
In the context of the growing popularity of digital payments, cash still plays an indispensable role. It's not just in an emergency"First aid kits"It is also an important part of the financial safety net.
By keeping a certain amount of cash reserves, we not only provide financial security for ourselves and our families, but also give us a sense of psychological peace of mind and control.
So, even though we live in an era that is highly reliant on digital payments, it's still wise to maintain some cash liquidity.
In the face of unpredictable and sudden changes in life, it can bring us more comfort and peace of mind. The essence of financial management is balance and preparation, and money is an integral part of that balance.