your questionS
It is sensible to keep a small emergency float of cash at home – enough to cover a few essentials for a couple of days. Photo: Getty
Q After the power outage in Spain and Portugal recently, where ATMs and card payments stopped working, I’m wondering how we might prepare financially for something like that here in Ireland. Should I be keeping cash at home?
A The outages across Spain and Portugal showed just how dependent we have all become on digital banking and cashless payments, and how quickly things can grind to a halt when systems go down, said David Funcheon, Ask Acorn branch manager and specialist investment adviser.
source