As has been the cases with my “Blogs” , I am continuing with another offbeat topic . Most of us travel to our workplaces daily. Then, there are the vacation times or times when we go out of our city to visit our relatives or friends. We have our personal notions or estimates of the amount of money we normally keep on our work days. As for the days when we are traveling , we may have a different amount .The traveling amount would be again different for trips and Family visits . I have a term for this :
“Safe Money Limit”
Now how much is this “Safe” for each person ? A student traveling via public transport between home and School/College may be carrying just Rs. 100/- (excluding the pocket Money if they are getting. In Dollars , it might be $15 or in Pounds : ₤10 . Otherwise you can think the amount for your own currencies ) . An average working person ( is there really an Average working person ? ) might keep an extra buffer for emergency expenses . For him/her , the ‘safe’ limit might be Rs. 500/- or more .
Now,I know some people who think that since they carry an ATM/Debit Card , they need not carry too much cash. While it sounds logical , I prefer keeping a bit more cash. Who knows one might encounter an Out-Of-Order ATM Machine .
Carrying extra cash however may bring another kind of problem : Friends showing up to borrow more. Or one can face the threat of being robbed. But a robber may strike even if one has less cash also .
There are also persons with ‘Very Bulky’ purses even in a private Bus or Train .As years have passed by , I think how has my “Safe” Money Limit changed over the years . I used to feel safe even with a few bucks a few years back ; but no more.
One might need to buy extra things or hire an Auto-Rickshaw / Taxi(less likely) who charge exorbitantly . But many a times , it is more psychological than real-life needs .
What about travel needs ? Would extra cash be safer or should one carry a number of cards ? Here I think it has got to be individual discretion as to how much should they carry or how much Cash- to – Card balance they should have .
---- More thoughts in my Next Blog ---
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