Cash Under The Mattress

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.

Cash under the mattress.

In case of a. Adequate measures for protecting cash at home were prohibitively expensive. Feds find 20 million hidden under a mattress in massachusetts. So to alleviate those fears i sent out a call to a large number of contacts asking where they would.

Keep cash under the mattress my mother often told me. Worried your money won t be safe in the bank. We have the motive the means and the opportunity. 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.

Don t keep cash under the mattress. Innerspring mattresses and box springs were available and widely adopted. The truth is your money is safer in the bank than 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.

While storing non perishable food can give you some security there are risks associated with keeping up a lot of cash in your home. Keeping large amounts of money in your house rather than in a bank or building society is a bad idea because. I thought her depression era advice was old fashioned and irrelevant. At first this seems to fly right in the face of everything i preach on this site.

He was penurious a self made man supporting his widowed prussian mother in bedford stuyvesant. The two way the box spring full of cash was discovered during an investigation linked to a massive pyramid scheme. How to find a safe home for your cash. You could lose the dollars you re hiding or someone could steal them.

Your bed is great for many things but storing your savings certainly isn t one of them. Keeping cash under the mattress also has you covered in case of an emergency. If you need to leave suddenly to help a family member in need you ll save yourself a trip to the atm. People can run up big fees to cash checks pay bills and meet their other financial needs.

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.