Quote Originally Posted by M&M's Mommy View Post
Oh, we have much less than $100,000 - that's why I don't worry too much.. but my husband's reason is that what if all the banks go bankrupt all at once, and the FDIC runs out of money to pay, plus there would be millions of people to pay.. what'll happen then?

I guess since we have so little, every dollar means so much to us now, and the thought of loosing them all is scary.

Funny thing, I went through this EXACT same thing with my hubby about 10 years ago (granted economy was better then) trying to get him to open a savings acct and a measly Christmas Club acct. Hubby wanted to keep all his money in the mattress!

I finally made him an appt with the bank manager to sit down and have a good talk with them about how things really work now-a-days. He now has a savings acct, Christmas Club acct, and even a CD! He's quite happy he finally decided to listen and I make a POINT of showing him the statements every month of the interest earned PLUS add up the interest year to date so he knows his money is working for him.