I wouldn't make this decision only based on the worst case scenario. In the worst case scenario, your bills are going to be fire tinder.
Day to day, credit card machines go down and cash is handy. It's also harder to track. For me, having $400 in my wallet and maybe $2,000 easily accessible isn't the worst idea, even if my net worth is fairly low.
Easier for a bank to close than for cash to not be accepted.
A prepper tip from the man himself! Thanks. I really appreciate that this was also an answer to the question, though the advice from others to also hoard other useful things is something I plan to take under advisement.
$400 in your wallet. That is some hookers and blackjack money.
Ha, thank you! I think the other advice was pretty good but kind of dodged around the question.
Whatever you do with your $400, I don't like to make my wallet look too fat, even if it's fat with ones. Looking like you're neither a hobo nor loaded is helpful for survival and day to day living.
I do a cash clip in my front pocket and a thin wallet for cards in back pocket to minimize this wallet fatness problem. Mostly just from the George Costanzaesque preoccupation with feeling off kilter when sitting down, but it also is comforting to know the cash is a little more secure.
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