With No Money

If you lost all you had in your bank account and had to leave your home to foreclosure, what would you have that would allow you to start over.

It may not be in the immediate future for you and pray God it never does, but it might be worth while to give at least a little consideration to the question.

The Bank I have been using for checking and savings for at least 5 years was closed by the GA Regulatory Commission and assumed by another bank yesterday afternoon at 5:00 pm. Of course no one at the bank called ahead of time to warn me. Of course through friends who also bank at other branches I had been hearing rumors for a while and one friend called yesterday and passed the word that is would be taken over yesterday.

I hustled my butt down and drew out all but enough to cover any check outstanding. Not so much worried that I'd lose any of my very small account (that's what the FDIC is for, doesn't that make you feel better) but the fact that I prefer to bank with a local bank and this bank while a large bank with quite a few branches, it had a reputation of value in the local town where it originally started.

But suppose you had to leave your home with no bank account? Would you be able to provide your family shelter the next evening? Could you purchase food for your children? Would you have enough money to put gas in a car.

It might be a good idea to have something portable you could take with you that had some value. A stack of money you'd hidden under your mattress, maybe a pocket full of silver coins to use as trading goods. Maybe a single gold coin tucked under a flap in your wallet. Maybe just a laundry basked of canned goods and a few matches.

Maybe it's past time you started asking yourself some of these questions.