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LiberalFighter

(53,544 posts)
Thu Feb 15, 2024, 08:18 PM Feb 2024

Katie Phang is stating that her mother told her to have money stashed away.

Joy Reid and another woman both raised their hand when she stated it.

Edited to add this is during the Joy Reid hour.

49 replies = new reply since forum marked as read
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Katie Phang is stating that her mother told her to have money stashed away. (Original Post) LiberalFighter Feb 2024 OP
Our grandmothers and mothers all stashed some money away. Irish_Dem Feb 2024 #1
I have tried to stash money away, but I always spend it on my grandchildren so I gave up. barbaraann Feb 2024 #2
It is such a joy to give grandchildren treats! redwitch Feb 2024 #38
Oh, yes! barbaraann Feb 2024 #49
I got the same advice. I'm glad I took that advice as it helped me a lot Deuxcents Feb 2024 #3
Mom had $15K stashed in multigraincracker Feb 2024 #4
Yeah my Mom never had to say it, I always did after realizing she could not get out. Bev54 Feb 2024 #5
Didn't happen in my family. elleng Feb 2024 #6
Neither grandmother stashed a bit of money away for a rainy day? Irish_Dem Feb 2024 #14
I'm not aware of it. elleng Feb 2024 #19
The whole point of the secret stash is that it was secret. Irish_Dem Feb 2024 #25
I was told the same.... CousinIT Feb 2024 #7
My mom always keeps about $500 stashed away in the house. Staph Feb 2024 #8
my parents insisted I hide money in my home I shared agingdem Feb 2024 #9
My Jewish friends tell very similar stories. Irish_Dem Feb 2024 #16
A friend of my Grandma called it her Widows' Pension. Talitha Feb 2024 #32
My mom was a waitress gab13by13 Feb 2024 #10
Lovely story. Irish_Dem Feb 2024 #18
I used to find new shiney pennies all the time, I have no idea who they're from Merlot Feb 2024 #26
My depression era grandfather use to bury money. Emile Feb 2024 #11
My parents always had money stashed away, badhair77 Feb 2024 #12
Remember when we went on dates, we were supposed to have money to call home or call a cab. Irish_Dem Feb 2024 #13
Absolutely! My dad always tucked money in my pocket or purse Greybnk48 Feb 2024 #17
Or tucked in your bra. Irish_Dem Feb 2024 #20
We had the same parents! I have a funny story about bra money. Greybnk48 Feb 2024 #30
That's a great story! Irish_Dem Feb 2024 #43
Exactly! niyad Feb 2024 #33
I remember that too! We called it 'mad' money. Talitha Feb 2024 #34
Exactly. It was called mad money. You made sure you had mad money when you went out on a date. Irish_Dem Feb 2024 #44
I'm 75, and I ALWAYS keep at least $1000 in cash at our house, Greybnk48 Feb 2024 #15
for years ive kept all my farmers market money.. samnsara Feb 2024 #21
My Mother always told me to stash money away kimbutgar Feb 2024 #22
About 15 years ago, a bad storm came and wiped out area power for almost two weeks. Irish_Dem Feb 2024 #23
That environment needs to be considered. LiberalFighter Feb 2024 #27
Yes no one realized what would happen if power is out for a long time. Irish_Dem Feb 2024 #29
I had a similar situation after the 1989 earthquake in SF. All the teller machines were down. diane in sf Feb 2024 #35
Yes everywhere, stores, gas stations, etc. Irish_Dem Feb 2024 #37
Yikes. I'd be so screwed ecstatic Feb 2024 #36
Yes $100 would be good. Irish_Dem Feb 2024 #41
If all of these stories were out in public it would give people a different view. LiberalFighter Feb 2024 #24
The reasons for cash are many unc70 Feb 2024 #28
Yes most of our grandmothers could not legally have their own bank accounts. Irish_Dem Feb 2024 #42
A very wise older friend told me that every woman should have a secret niyad Feb 2024 #31
So did my mum and paternal gradma malaise Feb 2024 #39
Fani is young enough to be my daughter. LeftInTX Feb 2024 #40
I'm white, my father grew up poor, he always carried hundreds of dollars in his wallet Model35mech Feb 2024 #45
I'm gen x and my wife and I stash away cash Buckeyeblue Feb 2024 #46
I carry a penny in my wallet JustABozoOnThisBus Feb 2024 #47
I'm a guy and I keep $2000 in my handgun lockbox in my car. SYFROYH Feb 2024 #48

Irish_Dem

(81,880 posts)
1. Our grandmothers and mothers all stashed some money away.
Thu Feb 15, 2024, 08:21 PM
Feb 2024

For a rainy day or emergencies. We were taught to do the same.

After my grandmother died, we found $10 bills hidden all over her house.

multigraincracker

(37,833 posts)
4. Mom had $15K stashed in
Thu Feb 15, 2024, 08:29 PM
Feb 2024

her sewing machine. Worried if dad died she have anything. all 20s clipped with Bobby pins. When we got done counting, we had a pile of Bobbie pins.

elleng

(141,926 posts)
19. I'm not aware of it.
Thu Feb 15, 2024, 09:13 PM
Feb 2024

My father's mother passed due to 1918 'flu' epidemic, so I never met her (and Dad was a little kid at the time.)

Not aware of such in my mother's family either.

Irish_Dem

(81,880 posts)
25. The whole point of the secret stash is that it was secret.
Thu Feb 15, 2024, 09:23 PM
Feb 2024

I didn't realize my grandmother's stash until after she died and we kept finding
little bits of money hidden everywhere.

CousinIT

(12,628 posts)
7. I was told the same....
Thu Feb 15, 2024, 08:42 PM
Feb 2024

....keep some money separate where only you know where it is - in case you need to GTFO of there for any reason.

Staph

(6,470 posts)
8. My mom always keeps about $500 stashed away in the house.
Thu Feb 15, 2024, 08:42 PM
Feb 2024

And I got used to carrying three to four hundred with me when I travelled for work. I lost my wallet once (stupidly set it on the trunk of the car that I was filling at a gas station and then drove off!) and I had to cancel all my credit cards. The bank got me new cards in a couple of days, but I would have starved without cash.


agingdem

(8,930 posts)
9. my parents insisted I hide money in my home I shared
Thu Feb 15, 2024, 08:50 PM
Feb 2024

with my husband and children but for a very different reason...my parents, Holocaust survivors, were convinced there would come a time when, as Jews, we would be forced run..and I remember as child my father cut through the carpet and drilled holes in the slab under our beds where he stashed gold coins, money, and jewelry...he reasoned that when an American Hitler came to power, the cache under our beds would be enough to bribe the equivalent of the SS to allow us to leave the country...

Irish_Dem

(81,880 posts)
16. My Jewish friends tell very similar stories.
Thu Feb 15, 2024, 09:10 PM
Feb 2024

One of my friends, her mother always bought expensive furs but never wore them.
Pieces of jewelry, same thing. All squirreled away.

She never understood why, but later learned it was the same thing you are describing.

gab13by13

(32,508 posts)
10. My mom was a waitress
Thu Feb 15, 2024, 08:51 PM
Feb 2024

she stashed change in a dresser drawer. She put dimes in glass tubes that were used for cigars.

When my parents passed away I was cleaning out the house and found the drawer and the dimes in the tubes, Mercury head dimes.

I got the 2nd biggest dumpster to clean out their basement, they had a hundred jars of canned goods, I worked all day long up and down the one set of concrete steps and when I made my last trip, I found a dime in the middle of the top step that I had gone up and down on 100 times.

Later I got someone to help me clean more and help me with the estate sale, one night when he picked up a box he found a dime. I told me that was my mom thanking him/

Over the years I have continued to find dimes at curious times. I wouldn't think that much about it if I were finding nickels and quarters but I only find dimes. As a matter of fact, today I was picking up my wife's prescription at the drug store and found a dime on the floor in front of the counter. I told the lady behind the counter my story.

I wonder if I found that one today to help tell my story?

Merlot

(9,696 posts)
26. I used to find new shiney pennies all the time, I have no idea who they're from
Thu Feb 15, 2024, 09:23 PM
Feb 2024

It went on for about 5 years. The past few years have been sporadic, maybe every 6 months or so.

And, all of my life I have found marbles. Just found one last week while gardening. Some people loose their marbles, I'm doing the opposite!

Emile

(42,676 posts)
11. My depression era grandfather use to bury money.
Thu Feb 15, 2024, 08:56 PM
Feb 2024

We always have cash on hand. Actually I been using cash more often for day to day purchases.

badhair77

(5,200 posts)
12. My parents always had money stashed away,
Thu Feb 15, 2024, 09:03 PM
Feb 2024

so I just naturally followed. When my husband died our son was going through his things and he had $2400 in his wallet. Then he kept finding more money through the house. My husband was a depression baby, and my parents lived through that time also. I don’t find it that unusual. There were times we couldn’t afford to do that, however.

Irish_Dem

(81,880 posts)
13. Remember when we went on dates, we were supposed to have money to call home or call a cab.
Thu Feb 15, 2024, 09:05 PM
Feb 2024

If the guy got fresh.

Irish_Dem

(81,880 posts)
20. Or tucked in your bra.
Thu Feb 15, 2024, 09:15 PM
Feb 2024

In case you had to run for your life!
Or someone took your purse.

I once heard a woman who was from out west, say that the mothers there
always tell the girls to put the money in their boots when they go out on a date!

Greybnk48

(10,737 posts)
30. We had the same parents! I have a funny story about bra money.
Thu Feb 15, 2024, 10:37 PM
Feb 2024

When i was 19 (1967), I flew from the midwest to meet my fiance in Alaska (to get married). My family and I had to look up where Ketchikan was as we had never heard of it. My mom was so afraid of me going by myself, she cried for two days. I was actually scared too, but hid it.
About the money. She pinned all of my cash in my bra with a diaper pin! The kind with the big plastic tip, lol. When I got off the plane in Seattle I really had to use the bathroom. I went into the lady's room at Sea-Tac only to find EVERY stall was "pay-to-pee." I had no change and all of my bills were in my bra.
I tried to wait until the bathroom was empty, but that did not seem like it was going to happen in time for me to get the money out, get change, and come back to pee. So the minute no one was there, I crawled under the door like an animal. I was wearing an cute plaid A-line skirt, Peter Pan collar white blouse, nylons, and dress shoes, because everyone dressed up to fly back then.
Here's how well trained I was. I only took out a $20 and pinned the rest back in there like my mom showed me! They all had a good laugh when I wrote and told them what happened!

Irish_Dem

(81,880 posts)
43. That's a great story!
Fri Feb 16, 2024, 08:04 AM
Feb 2024

Yes large safety pins and diaper pins were a staple of our existence back then. They could solve a lot of problems.

And yes if you wanted to get the money out of your bra that was pinned there you had to go to the ladies room to unpin it and access it.

Very funny story about trying to go to the bathroom in an airport. And yes of course we dressed up when we flew back then.

Irish_Dem

(81,880 posts)
44. Exactly. It was called mad money. You made sure you had mad money when you went out on a date.
Fri Feb 16, 2024, 08:07 AM
Feb 2024

Just in case.

Greybnk48

(10,737 posts)
15. I'm 75, and I ALWAYS keep at least $1000 in cash at our house,
Thu Feb 15, 2024, 09:10 PM
Feb 2024

usually $1500 to $2000 just in case. Of what, I don't know. But it makes me feel comfortable. We almost never tap into it either. I think it's foolish not to have cash on hand.

My parents always kept their money in cash as well (besides investments). Depression babies.

samnsara

(18,774 posts)
21. for years ive kept all my farmers market money..
Thu Feb 15, 2024, 09:16 PM
Feb 2024

..stashed in a strong box in the closet. during fire season we have it packed in a tub with other supplies ready to go if needed.

kimbutgar

(27,372 posts)
22. My Mother always told me to stash money away
Thu Feb 15, 2024, 09:19 PM
Feb 2024

When I married the first time I had a stock account with some stocks worth about $10,000. My ex kept trying to get the account put in a joint name. I earned that money before we married. So I made sure I kept the mailing address of the statements sent to my parents accounts and I kept the name of the account with my maiden name. It was a form of conflict with me and him at the time. The stock market had a big downturn and I told him I lost all the money from the account. Of course I didn’t. When we finally divorced he demanded I show him the statements but my attorney said he had no right to the account since I had it before we married and never made any transactions the 3 years we were together.

Even now being married over 35 years I still have some money stashed away only in my name.

Irish_Dem

(81,880 posts)
23. About 15 years ago, a bad storm came and wiped out area power for almost two weeks.
Thu Feb 15, 2024, 09:20 PM
Feb 2024

It was awful. None of the credit card machines worked.
It was cash or nothing.

That is the only way to get gas or food.
Not many stores were open, you had to take what they gave you and pay cash.

The storm was so bad it knocked out all the old transformers with no parts available.
Electric company guys from all over came to help us.

Since that time I always make sure to keep enough cash on hand.

LiberalFighter

(53,544 posts)
27. That environment needs to be considered.
Thu Feb 15, 2024, 09:40 PM
Feb 2024

Maybe that should be a public service announcement?

But I really wouldn't want people to think homeowners have money stashed away.

That is a quandary.

Irish_Dem

(81,880 posts)
29. Yes no one realized what would happen if power is out for a long time.
Thu Feb 15, 2024, 09:48 PM
Feb 2024

Luckily I had some cash stashed away, I was most concerned about getting food for
my daughter at the time, she was only a young teen.

Right, if you announce it then everyone is a target.
But people around here learned the lesson the hard way.

When I have friends or relatives who live out of state and a bad storm with very high wind is coming
their way, I always warn them to get some cash to have on hand.

The other thing is to stay away from trees.
We had a lot of trees coming down during that storm and the day after. People were trying to take care of the trees
that had already come down and were killed or injured as more trees fell.
So if trees are coming down, stay away from them.

diane in sf

(4,249 posts)
35. I had a similar situation after the 1989 earthquake in SF. All the teller machines were down.
Thu Feb 15, 2024, 11:20 PM
Feb 2024

Irish_Dem

(81,880 posts)
37. Yes everywhere, stores, gas stations, etc.
Fri Feb 16, 2024, 07:24 AM
Feb 2024

Most of them were not open anyway since they had no power.

ecstatic

(35,088 posts)
36. Yikes. I'd be so screwed
Thu Feb 15, 2024, 11:35 PM
Feb 2024

As far as paper cash, I don't even have a dollar on hand at the moment, but I do have a couple of decorative piggy banks with real coins inside. This discussion is making me think I should at least have $100 in cash. Anything more than that wouldn't end well for me. I would lose it or it would be stolen and I wouldn't even know lol.

Irish_Dem

(81,880 posts)
41. Yes $100 would be good.
Fri Feb 16, 2024, 07:39 AM
Feb 2024

For some gas for the car, that is how you are going to charge your phone.
For food if some of the stores operate in the dark and hand out food.
Try to have something to eat in your freezer and pantry.

We couldn't drive anywhere because there were so many trees and power lines down.
So we were trapped.

A nearby Panera opened for a few hours a day. In the dark, they had no electricity.
They were just selling what food they had on hand in their freezers before they
had to throw it out. We just waited in line and they put some food on a plate for you,
you didn't get any choice and then they just charged a little bit of cash for it.

At the end of the first week I was getting seriously panicked because I had a child in
the home who was used to eating on a regular basis.

I cut back on my food intake just to make sure that she had adequate food supply.

We walked over to a local nearby grocery store to see if by any chance they might be open and selling food on hand.

But they weren't open and I remember looking through the window at all the food sitting on the shelves. And I actually contemplated how I would get it get into the store to get food for my child if it came to that. I realized then that civilization is only a thin veneer and can collapse quite quickly.

LiberalFighter

(53,544 posts)
24. If all of these stories were out in public it would give people a different view.
Thu Feb 15, 2024, 09:20 PM
Feb 2024

Now I wonder how much millionaires carry with them? On their jet? In their limo?

Their safe at home?

Why should the rest of us be different?

unc70

(6,502 posts)
28. The reasons for cash are many
Thu Feb 15, 2024, 09:45 PM
Feb 2024

I particularly understand the need women have had for cash of their own, for self protection and preservation given the traditional legal difficulties restricting property ownership separate from their husbands.

Each of my parents routinely carried several hundred dollars in cash back when that was significant money. Before credit cards, before out-of-town banking. Back in the 1950s. I still carry significant cash.

I grew up on a farm and we trucked our products by truck to markets, often several hundred miles and across three states. On those type trips, we carried enough cash to make bond in case we were harassed by small town cops in SC or GA.

Irish_Dem

(81,880 posts)
42. Yes most of our grandmothers could not legally have their own bank accounts.
Fri Feb 16, 2024, 07:56 AM
Feb 2024

They could not have assets in their own name. I remember the first time I opened up a banking account I had to get my father's signature.

Some women cannot count on their husbands to give them money, the husband may drink it all up, the husband may have periods of unemployment. Even in the case of a good husband, anything could happen to him, and the widow would be without funds.

Yes when we traveled my father always carried enough cash to handle an emergency as well as food and gas money.

niyad

(133,159 posts)
31. A very wise older friend told me that every woman should have a secret
Thu Feb 15, 2024, 11:02 PM
Feb 2024

stash of cash so that she could leave if she needed to. I passed on that same advice, especially to women in precarious situations.

And, of course, when there are major situations where power might go down, people are advised to have cash handy.

So what is the bug f'n deal about someone having cash around?

malaise

(296,946 posts)
39. So did my mum and paternal gradma
Fri Feb 16, 2024, 07:27 AM
Feb 2024

common sense but the white women hating racists don't think we should have any money

LeftInTX

(34,560 posts)
40. Fani is young enough to be my daughter.
Fri Feb 16, 2024, 07:31 AM
Feb 2024

I never stashed cashed.

Any "stashed cash" my mom had was stolen by me!!!

Heck my grandmother was from Turkey (yeah a Muslim anti-banking country). She kept her money in the bank. She never drove, ever, so she had to have a certain amt of cash on hand, but any savings was always in the bank. My grandmother knew the bank paid interest. They paid cash for the house. No mortgage. Never borrowed a penny in their entire lives because they did not believe in it. Credit cards, loans and mortgages were "the devils" works.

 

Model35mech

(2,047 posts)
45. I'm white, my father grew up poor, he always carried hundreds of dollars in his wallet
Fri Feb 16, 2024, 08:16 AM
Feb 2024

He never used checks, or credit cards and was afraid of getting stopped and rousted by police as being indigent. Call it a personal anxiety if you wish, perhaps an aftermath of some unknown traumatic run in with police in his depression era past.

But as soon as my brothers and I had jobs he insisted that we always have $30 or more dollars in our wallets. I don't remember him ever telling my sister such.

More than 60 years later, sometimes when l look in my wallet to see what I'm carrying I hear his admonitions about being able to prove he wasn't a bum.

Buckeyeblue

(6,388 posts)
46. I'm gen x and my wife and I stash away cash
Fri Feb 16, 2024, 08:22 AM
Feb 2024

I have 2 one hundred dollar bills I hide in my wallet. It's just for emergencies. You never know when you'll need cash for something.

JustABozoOnThisBus

(24,700 posts)
47. I carry a penny in my wallet
Fri Feb 16, 2024, 09:26 AM
Feb 2024

I hope the copper shields my credit cards from being read by passers-by.

It's a big penny, an English penny from the days of half-pennies, farthings, half-crowns, etc.

The "walking-around" money is some folded bills in my back pocket. I almost always have some. Occasionally, it's useful.

SYFROYH

(34,214 posts)
48. I'm a guy and I keep $2000 in my handgun lockbox in my car.
Fri Feb 16, 2024, 09:35 AM
Feb 2024

...along with my CZ75b.

Cash and a reliable handgun can solve most emergencies on the road.

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