How much cash does an average person carry?

How much cash does the average person carry daily?

Okay, so cash. How much do I carry? Usually, like, ten bucks tops. Maybe twenty if I’m going out for drinks with friends. It’s weird, right?

I remember last July, Fourth of July weekend, actually. Went to that little BBQ place down by the lake, spent around $30. Cash. It felt like a lot.

The Federal Reserve thing about $67? Huh. Seems high to me. I rarely use more than twenty a day. Maybe that’s just me.

My girlfriend, she’s different. She always has, like, fifty bucks in her purse. Always says it’s for emergencies.

$67 average. Wow. I’d lose that in a heartbeat. Seriously. My wallet’s a disaster zone.

How much cash can you carry in Australia?

Ten grand? Pfft. Bring a million, mate! Just tell ’em. Like a confessional booth, but for cash. Imagine the customs officer’s face. Priceless. It’s like bringing a sandwich to a banquet. Nobody cares. Just declare it.

• Declare anything over 10,000 AUD. Like yelling “Bingo!” at a funeral. Necessary, but awkward.

• Unlimited cash allowed. Think of it as a BYOB party, but with stacks of Benjamins. BYOBenjamins?

• They’ll check your bags anyway. For contraband wombats, obviously. And other illegal stuff. Not sandwiches. Unless it’s a very suspicious sandwich.

My mate Barry brought in 20k last year. Hid it in a hollowed-out loaf of bread. Security dog sniffed it out. Thought it was a giant treat. Barry almost had a heart attack. True story. Bread was ruined.

• Don’t hide your cash in bread. Seriously. Use a sock. Or a hollowed-out pineapple. More discreet.

This is the real deal. Don’t believe those YouTube “hacks.” Unless it involves pineapples. Pineapples are cool.

Oh, and declare it. Don’t want no trouble.

What is a good amount to have in cash?

Three to six months. Boilerplate. Your burn rate dictates. Essential expenses only. Rent. Food. Utilities. Not lattes. Six months feels safer. Ironically, less so. Inflation. Peace of mind has a price. Higher now. Emergency fund. Misnomer. Life fund. Opportunity fund. Cash is optionality.

• Calculate your monthly burn rate. Seriously. Track it. Mint, Personal Capital. You’ll be surprised.
• Three months is the bare minimum. Starter emergency fund. Job loss buffer. Temporary.
• Six months offers more breathing room. Bigger disruptions. Illness. Market downturn. Gives you time to think. Not panic.
• High-yield savings accounts. Offset inflation, somewhat. Doesn’t keep pace. Still essential. My Ally account earns… decent.
• Beyond six months? Consider investing. Not advice. My take. Cash drag. Inflation’s a thief. I prefer index funds. Vanguard, Fidelity. Low fees. My portfolio mix? 70/30. Stocks/bonds. Age matters. I’m 32. Risk tolerance. Yours might differ.
• Don’t neglect short-term goals. Vacation. Down payment. Separate savings. Don’t commingle. Focus.
• Remember large, irregular expenses. Property taxes. Car insurance. Factor those in. My car insurance is brutal. Geico. Thinking of switching.

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