Heres How Much Cash Americans Keep Stashed at Home in 2023 Is It the Right Amount?

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2023-09-04 12:00:02  • 8 mins

Many people keep physical cash at home, and for good reason. Even in a society where most vendors and retailers accept debit and credit cards, there are still cases in which having cash is beneficial.

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Certain places, like local shops, farmers markets and state fairs often only accept cash. Those that do take card might require you to spend a certain amount in order to use your card. Depending on where you shop, you might also be subject to a surcharge when using a credit card.

Not only that, but having a little cash on hand could be helpful when there are no ATMs nearby or if youre facing an emergency and dont have access to online or traditional banking services.

If youre wondering how much physical cash to keep at home, or if youre curious about how much the typical American has, heres what you need to know.

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