3375: Should Cash Be Part of Your Emergency Fund? By Honey Smith with Get Rich Slowly on Smart Emergency Planning

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

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🗓️ 4 December 2025

⏱️ 11 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3375: Honey Smith explores the practical and psychological benefits of keeping physical cash as part of your emergency fund, especially in times when digital access to money may be disrupted. Weighing the pros and cons, from peace of mind and preparedness to lost interest and security risks, she offers clear guidance on how much cash to keep, where to store it, and why doing so could be a smart addition to your financial safety net. Read along with the original article(s) here: https://www.getrichslowly.org/should-cash-be-part-of-your-emergency-fund/ Quotes to ponder: "You'll never be out of money when you need it." "Cash can't be garnished like a paycheck or bank account, and it isn't easily traced." "If you lose the money, it gets destroyed, you are robbed, etc., you may have very little recourse." Episode references: Mint: https://mint.intuit.com/ Capital One 360: https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:13.0	This is Optimal Finance Daily. Should Cash be part of your emergency fund by honey
1:18.9	Smith with get rich slowly.org. When I was in college, one of my coworkers at my part-time
1:25.8	on-campus job gave me a funny little gift that I used to this day.
1:30.6	What was it? It's called a wallet fairy. You put it in your wallet and you'll never be out of money when you need it.
1:37.9	I can't honestly say that the magic has been foolproof. I believe I've mentioned on a couple of occasions the time I didn't wash my hair
1:45.1	for a month because I couldn't afford shampoo. And I distinctly remember crying after going to the
1:51.1	grocery store on a couple of occasions because I didn't know how I was going to pay my bills
1:55.3	after buying food. But I guess if the magic were foolproof, this fool wouldn't have learned her lesson and started
2:02.1	digging her way out of debt, right? But you know what? National Preparedness Month, also known as
2:08.1	September, may be over, but it's also a good idea to consider your plans if an emergency occurs.
2:15.0	And after the flash flooding we saw this year in Phoenix, I'm thinking a lot more seriously
	...

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