Keeping Money Under The Mattress

Segal usually a reference to stashing money under the mattress or in a shoebox is a joke.

Keeping money under the mattress.

Not only is it the first place any burglar would look. Keeping money under the mattress can save you a bunch in atm fees. Why so many are hiding cash. Or at least.

At first this seems to fly right in the face of everything i preach on this site. 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. Or anywhere else in the house for that matter.

Under a mattress in the freezer. But if you are going to keep hiding your money under your mattress at least make sure it s a good one. Your savings will lose value over time you won t earn any interest. Real adults who make smart choices keep their money in the bank.

In short don t hide your money under the mattress. If you need to leave suddenly to help. He will get hit with fees for not keeping in enough money or for taking out more money than he has. 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 stashed around the house leaves you at tremendous risk of theft or loss due to fire or some sort of unforeseen. Keeping cash under the mattress also has you covered in case of an emergency. Keeping a few bucks on hand can be justified but your home doesn t have the same security as a bank vault. Grandma stuffing money under the mattress isn t the only one living outside the banking system.