"We encourage families to have on hand this year's supply and we say it over and over and over, and repeat over and over the scripture of the Lord where He says, `Why call ye me, Lord, and do not as I say?'... We also hope that you are maintaining your year's supply of food, clothing, and where possible, some fuel and cash savings." President Spencer W. Kimball: GC April 1976.
I was recently stopped at church and asked for advice on how much cash someone should have on hand. It is not a question really for me to answer. It must be decided by the individual based on their situation and beliefs. The questions I have back are these...
5. How much money do you want to have in what place? How much for your wallet or purse? How much for your safe? Your office? Your bug out bags? Other?
If you feel like you have all of the items of "intrinsic value" that you need and that you don't plan on needing anything else...then I would think that you shouldn't need a lot of cash....the value of which may be destroyed through inflation.
As President J. Reuben Clark said...
“… when we really get into hard times, where food is scarce or there is none at all, and so with clothing and shelter, money may be no good for there may be nothing to buy, and you cannot eat money, you cannot get enough of it together to burn to keep warm, and you cannot wear it.” (Church News, November 21, 1953, p. 4.)
It should be understood when storing cash that if the disaster is severe enough...money may only be good until people realise that it no longer has any value...and discontinue trading goods and services for it. Then people will only want the things that money can buy when it has worth...the actual clothing...food...and fuel. The effects of hyperinflation can quickly turn the cash "rich" people into paupers...and those that have items of intrinsic value into the "rich" people.
I wish you the best in your decision!