2024 Savings Goal - $1k

Personal Finance

Cash Stash Goal

Building to $1,000 — and Eventually $2,000

$720

Current

$1,000

Year 1 Target

$2,000

Long-Term Max

The Strategy

Physical Cash, Distributed

I want to increase my cash on hand to $1,000. I presently have $720, separate from my regular savings and retirement accounts. I like having some physical cash on hand, which I squirrel away in several locations, rarely keeping more than $150–200 in my wallet. Most stashes are small, about $40–50 each.

I plan to grow these stashes gradually, adding about $20 per week, so it will take me a year to reach $1,000.

 

Allocation

$1,000 Target vs. $2,000 Long-Term

Location	Year 1 ($1,000)	Long-Term ($2,000)
Wallet	$200	$400
Safe	$600	$1,200
Med Stash ×2	$50 each	$100 each
Med Stash ×2	$40 each	$100 each
Small Stash	$20	$50 ×2
Total	$1,000	$2,000

$20/week gets to $1,000 in about a year — then $500/year for two more years reaches the $2,000 ceiling by 2026.

$720 today, $1,000 by next year, $2,000 by 2026 — $20 a week, distributed across wallet, safe, and several stashes.