Hiding Money Under The Mattress

Money in the bank earns interest also commonly referred to as compound interest.

Hiding money under the mattress.

Toilet paper is not the only paper product that americans are stockpiling. The banking system is solid and trustworthy. Or at least they should. I believe that hiding money under the mattress is prevalent in pop culture due to great depression era bank runs creating a need for cash storage in the home.

In a plastic baggie in the freezer 5. In a watertight plastic bottle or jar in the tank on the back of your toilet 3. Probably the first place that a thief is going to look is in a drawer maybe only after under the mattress. Usually a reference to stashing money under the mattress or in a shoebox is a joke.

Of this 41 per cent keep their loose change in a jar and 10 per. Hiding cash in your mattress isn t a good idea as it could get lost or stolen. It s safer to keep your money in your bank account. A little less than 20 percent of americans hide cash in a sock drawer while 11 percent put it under the mattress and 10 percent secure it in a cookie jar.

Real adults who make smart choices keep their money in the bank. In an envelope at the bottom of your child s toybox 4. I hide items from my kids in drawers in a locked closet even. As many as 28 million people in the united states are forgoing traditional financial institutions.

For one i usually had hundreds of dollars hidden in my room just begging to be stolen. Twenty places to hide money at home besides under your mattress 1. You wouldn t believe how many bandaids we go through if i don t hide them. The average amount of money kept at home is 110 with some 77 per cent still proactively stashing notes or coins in their abode.

The widespread poverty during the 1930s meant that safes were no longer affordable for the penniless majority and as a result literally sleeping on top of your savings became one of the safest bets in lieu of something with a lock. Money under the mattress just sits there. A new survey of more. The practice is really really dumb.

In an envelope taped to the bottom of a kitchen shelf 2. 2 in a drawer. Second all that money in my room wasn t doing anything for me. Grandma stuffing money under the mattress isn t the only one living outside the banking system.