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Thats a lot of virtualmoneychanging hands.
3 Things You Must Do When Your Savings Reach $50,000
But what if something goes wrong?
It happens all the time.
Banks close, digital payment platforms fail, or you lose your debit card.
So, is it a good idea to stock up on $100 bills now?
Waiting could mean your money gets tied up, and you miss out onyour planned purchase.
Why Hundreds?
Most people generally withdraw $100 bills when they want to store cash, not spend it.
Its like a guaranteed savings account right there in your hands.
(Or under your mattress.)
$20 bills take up way more space than hundreds.
And if youre storing a couple thousand dollars for the winter, twenties will requiremuch more space.
You might catch the occasional eye-roll if you pull out a C-note.
An example is 2008 when the cash circulation rose by 20%.
Here are just a few reasons to stock up on $100 bills before winter arrives.
Now, snowstorms hit regions not always prepared, leaving millions in freezing temperatures.
These unexpected turns in weather often leave banks with no choice but to close their doors.
Its better to get your cash in hand now before the unexpected happens and you cant.
Digital Payments Could Be Down
Well, you figure youll use your credit or debit card then, right?
Remember when millions lost power in Houston when the power grid failed during a snowstorm in 2021?
Vacations Are Unpredictable
Lets say youre not in an area prone to stormy weather.
You live in Georgia or Mississippi, where snowflakes rarely fall and hurricanes are rare.
There are other reasons to keep hundreds on hand, like vacation.
Maybe youre escaping the storms, and you travel to a nice island somewhere, or sunny Southern California.
Cash is still king, and the $100 bill still holds value around the world.
In short, always travel with hundreds.
Your power bill will rise, your spending will increase, and you may be traveling.
Its your winter safety net and one that more and more people need to call on.
Hundreds allow you to hold onto economic power even in the most unpredictable of circumstances.
And the last thing you want when the unexpected happens is to lose your economic power.
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