Keeping Money Under The Mattress

Your savings will lose value over time you won t earn any interest.

Keeping money under the mattress.

Theft or fire could wipe out your savings many insurance policies won t cover money left in the house and if they do they only tend to cover a small amount. Keeping large amounts of money in your house rather than in a bank or building society is a bad idea because. Keeping money stashed around the house leaves you at tremendous risk of theft or loss due to fire or some sort of unforeseen. Grandma stuffing money under the mattress isn t the only one living outside the banking system.

Keeping a few bucks on hand can be justified but your home doesn t have the same security as a bank vault. Real adults who make smart choices keep their money in the bank. Segal usually a reference to stashing money under the mattress or in a shoebox is a joke. 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.

Keeping money under the mattress can save you a bunch in atm fees. After all the financial advice i give out on this site i keep a decent amount of cash under my mattress actually it s in another secure place in my home but it s effectively the same thing. Or anywhere else in the house for that matter. If you need to leave suddenly to help.

Keeping cash under the mattress also has you covered in case of an emergency. Why so many are hiding cash. But if you are going to keep hiding your money under your mattress at least make sure it s a good one. He will get hit with fees for not keeping in enough money or for taking out more money than he has.

Keeping money under your mattress might sound like a good idea in the movies but in reality it s one of the worst places to hide your cash. Not only is it the first place any burglar would look. Or at least. In short don t hide your money under the mattress.