Financial Adviser Interviewed on Fox News Suggests Everyone Have “$1,000 Cash on Hand” as August 2 Debt Limit Deadline Approaches – Video 7/30/11

Here is video of Patricia Powell, founder and CEO of the Powell Financial Group, appearing on Fox News today, where she advised Americans to have cash on hand in the event there is no deal on the Debt Limit by August 2. Powell suggested people should have “$1,000″ in cash, because there is an outside chance people could have trouble accessing their credit.

“For most of us, if we had $1,000 in bills in our drawer, we would be fine. I don’t expect you’re going to need them. But you know what? If you need them, it’d be nice to have.”

Via The Daily Caller

Posted by Brian on Saturday, July 30th, 2011   |   2 Comments »
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  • Walter

    It’s always a good idea to have $1000 cash on hand.

  • http://www.wealthandtax.co.uk/ independent financial advise

    Many of us are fond of using credit cards. It s very convenient and reliable at most times. However, it would make a big difference if we have cash on had. It makes us more secure as there are times when items need to be purchased with cash. There are establishments that now prefer cash than credits because of the economic situation we are experiencing nowadays. As many signs on counters would say, “credit is good but we need cash”.


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