Six Easy Ways to Build Your Cash Reserve

What’s In Your Wallet,

Right Now?

Picture this…

The power goes out. Not just in your neighborhood, but throughout your entire city. You’re not worried. You know the utility company is hard at work to bring things back online.

You check your pantry and your emergency supplies.

Your food stores look good, but you don’t want to dig into them before you have to.

On the other hand, the supply of batteries you keep on hand to run your flashlights and your radio is gone. The grandkids must have raided them a couple of months ago when they were playing army and running down one set of walkie-talkie batteries after another.

Not a big deal. You’ll just make a quick run to the store.

Well, I hope you have cash on hand. Because, if not, that simple trip the store is going to get a lot more complicated.

A Financial System

Utterly Dependent on Power

You won’t be able to get cash from your ATM. ATMs need power to run.

You might be able to get cash by going into your bank, but it’s unlikely because they’ll need to check your balance on the computer. So, unless your bank has back-up power generators …

At the store, credit card processing machines will be useless without power.

Some stores may be uncertain how to sell things when the power is down because their inventory systems are tied to … you guessed it, power!

Still, you will probably be able to find a store that is ready, willing, and able to sell you items. Just so long as you have the cash to pay for them.

One Overlooked Step in

Readying for Grid Collapse

Having a supply of food on hand is critical in any kind of crisis. Having a back-up plan for heat and communication is necessary. Knowing how you’ll purify your water should your municipal system shut down is key.

What you may have overlooked is setting up a back-up plan to preserve your purchasing power during a power outage.

If that’s the case, then right now is the perfect time to start building up your cash reserve.

Build Your Cash Reserve

in Six Simple Steps

Use this step-by-step guide to immediately begin building a cash reserve that can carry you through power outages (long or short), natural disasters, financial meltdowns, and social collapse. A cash reserve is also really handy in the event of a personal crisis. You might find during a job loss that your cash reserves become a lifesaver.

Step One: Set a Goal: Building a cash reserve is easier if you have a goal in mind to work toward. You might set a goal to add a certain amount to your cash reserves every week or to build up your cash reserves to a certain level—say enough to last you for one month, three months, or even better, six months.

Set Two: Check Your Current Status: If you have a savings account then you’re doing a little better than most Americans. If you have more than spare change in that account, pat yourself on the back—you are way ahead of the pack. Consider taking a portion of your savings out in cash that you can keep on hand. You are the only one who can decide what you are comfortable with—10%, 20%, 50% … more?

Set Three: Create a System for Growth: Build an easy habit for adding to your cash reserves each week. Maybe you get $20 cash back each time your go to the grocery store and you add that to your cash reserves. Or maybe when you deposit your paycheck, you take out 2 or 3% in cash and add that to your reserves.

Step Four: Think About Smart Storage: Wads of 20-dollar bills stuffed into a cookie jar may not be the best plan for keeping your cash reserve safe. Instead, consider finding several different hiding places around your home. Keep a portion of your cash reserve hidden in each. You may even consider burying a lockbox with some of your cash reserve inside. That’s something that thieves won’t find. Just make sure you can find it when you need it!

Step Five: Diversify: Cash will make it easier to make purchases even when the grid is down. But what if the dollar collapses? You may find that your cash reserves don’t stretch very far. Having some small denomination silver coins on hand can be a big help if you’re facing runaway inflation.

Step Six: Plan for Barter: In any long-term breakdown, it won’t take long before people are willing to trade goods for goods. If you keep barter-able items on hand—like alcohol, cigarettes, and chocolate—you’ll be in a better position to get what you need when you need it … even if your dollars aren’t worth the paper they’re printed on.

How will I buy things? is not the first question on everyone’s mind when it comes to planning for the collapse of the grid. But it will become an issue really fast if the grid goes down. Putting a cash reserve in place will help keep you and your loved ones comfortable and safe during that kind of crisis.


FREE Report. How to survive a major power outage

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