Parents often tell their children to establish a savings account, a nest egg, or a rainy-day fund. Although it seems silly to worry about having cash on hand in this modern credit filled society, there are valid reasons to carry cash. That is because sometimes life throws a wrench into your perfectly planned world scenario, and when that happens, you may find yourself needing some extra cash.
1. Required Arrest Bail
If you or a friend are ever arrested, knowing you have cash available to secure bail can be a relief. Contact a bail bonds West Chester PA company to get the process started. All you need to pay is 10% of the total bail amount due and some associated fees. Having extra cash can speed the process.
2. Declined Credit Card
There are many reasons for having a credit card declined after presenting it for a purchase. From a marred magnetic strip to a system glitch, the card scanner can refuse to validate your credit availability. When that happens, you can easily solve the problem and prevent embarrassment if you carry enough cash to cover the purchase.
3. Necessary Nighttime Food
After a long day at work, the last thing you may want to do is cook a meal. Rather than grabbing a peanut butter sandwich, treat yourself to a take-out dinner from a nearby eatery. By having the extra cash on hand, you can enjoy a hearty meal instead of scavenging through the cupboards.
4. Grabbing a Cab
If you decide to walk to work and the skies begin pouring rain, you can quickly grab a cab if you have some cash. You can stay safe and dry as you ride to work instead of arriving drenched and in a bad mood.
Although you may not like to admit it, your parents were right on this one topic. There are good reasons to keep extra cash on hand.
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