Cash Under The Mattress

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.

Cash under the mattress. Your bed is great for many things but storing your savings certainly isn t one of them. Stocking up on cash is risky. Feds find 20 million hidden under a mattress in massachusetts. Worried your money won t be safe in the bank.

Keeping large amounts of money in your house rather than in a bank or building society is a bad idea because. People can run up big fees to cash checks pay bills and meet their other financial needs. If you need to leave suddenly to help a family member in need you ll save yourself a trip to the atm. How to find a safe home for your cash.

You could lose the dollars you re hiding or someone could steal them. Don t keep cash under the mattress. In case of a. And with the recent announcement that the uk banks may look to introduce negative interest on savings accounts that mattress is looking.

In a recent article trent hamm talked about hiding money under a metaphorical mattress and it seemed this raised not only a few eyebrows but also the fact people do hide their cash under the mattress. The truth is your money is safer in the bank than under your mattress. Grandma stuffing money under the mattress isn t the only one living outside the banking system.