Cash Under The Mattress

Keeping large amounts of money in your house rather than in a bank or building society is a bad idea because.

Cash under the mattress.

So to alleviate those fears i sent out a call to a large number of contacts asking where they would. Your bed is great for many things but storing your savings certainly isn t one of them. People can run up big fees to cash checks pay bills and meet their other financial needs. If you need to leave suddenly to help a family member in need you ll save yourself a trip to the atm.

At first this seems to fly right in the face of everything i preach on this site. How to find a safe home for your cash. Keeping cash under the mattress also has you covered in case of an emergency. I thought her depression era advice was old fashioned and irrelevant.

While storing non perishable food can give you some security there are risks associated with keeping up a lot of cash in your home. Stocking up on cash is risky. You could lose the dollars you re hiding or someone could steal them. Keeping cash under a mattress or bed is an easy picking for thieves and martin said the woman would be best suited putting her money into a savings account.

Recently i posted a discussion about why i keep a small amount of cash at home under the figurative mattress for major emergencies one of the controversies with that article which was discussed on lifehacker among other places was the idea of actually storing cash under your mattress. Growing up in the 1960s i found it embarrassing every time my first generation father picked up a penny on the street. Innerspring mattresses and box springs were available and widely adopted. The two way the box spring full of cash was discovered during an investigation linked to a massive pyramid scheme.

Don t keep cash under the mattress. Worried your money won t be safe in the bank. The truth is your money is safer in the bank than under your mattress. Keep cash under the mattress my mother often told me.

Feds find 20 million hidden under a mattress in massachusetts. Grandma stuffing money under the mattress isn t the only one living outside the banking system. In case of a. But while hiding money under the bed has become one of the most popular ways to conceal your coin it s far from the only one.

We have the motive the means and the opportunity.