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Monday, November 23rd, 2009

Silly Sunday: Do You Have a Money Jar?

October 25, 2009 by Miranda Marquit  
Filed under Finance

It appears as though The Simpsons have a money jar. Many people have a jar that they use to hold emergency funds, and money that they are saving for some family or other shared goal. One of the problems with the money jar, as you can see, is that it is easy to access, meaning that when cash is wanted, the first place family members go is the money jar.

In my family, we do have some cash around, just in case. When natural disasters strike, you might need cash, but you might be unable to get it from the bank or through the ATM. In such cases, it is a good idea to have enough cash to get you by for a few days. We don’t keep ours in a money jar, though. It’s in a metal, locked box with our important documents. If I ever feel like raiding that cash, I have to get the key from its secret place, unlock the box, and then get the cash. While I’m doing this, I’ll have plenty of time to think about what I’m doing. And probably stop. With an accessible money jar, it’s just too easy to raid it for every little thing.

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