Hiding Money Under The Mattress

Paper money is also in great demand.

Hiding money under the mattress.

Don t store money or valuables there. As many as 28 million people in the united states are forgoing traditional financial institutions. Probably the first place that a thief is going to look is in a drawer maybe only after under the mattress. Second all that money in my room wasn t doing anything for me.

In a watertight plastic bottle or jar in the tank on the back of your toilet 3. 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. Twenty places to hide money at home besides under your mattress 1. 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 practice is really really dumb. Real adults who make smart choices keep their money in the bank. In an envelope taped to the bottom of a kitchen shelf 2. 2 in a drawer.

Of this 41 per cent keep their loose change in a jar and 10 per. 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. It s safer to keep your money in your bank account. Or at least they should.

Another 9 percent keep their cash. For one i usually had hundreds of dollars hidden in my room just begging to be stolen. Money under the mattress just sits there. Hiding cash in your mattress isn t a good idea as it could get lost or stolen.

Money in the bank earns interest also commonly referred to as compound interest. 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. Usually a reference to stashing money under the mattress or in a shoebox is a joke.

Grandma stuffing money under the mattress isn t the only one living outside the banking system. The banking system is solid and trustworthy. Toilet paper is not the only paper product that americans are stockpiling. You wouldn t believe how many bandaids we go through if i don t hide them.