Hiding Money Under The Mattress

The practice is really really dumb.

Hiding money under the mattress.

Hiding cash in your mattress isn t a good idea as it could get lost or stolen. Grandma stuffing money under the mattress isn t the only one living outside the banking system. Don t store money or valuables there. For one i usually had hundreds of dollars hidden in my room just begging to be stolen.

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. In a watertight plastic bottle or jar in the tank on the back of your toilet 3. Paper money is also in great demand. The banking system is solid and trustworthy.

In an envelope at the bottom of your child s toybox 4. As many as 28 million people in the united states are forgoing traditional financial institutions. Twenty places to hide money at home besides under your mattress 1. Usually a reference to stashing money under the mattress or in a shoebox is a joke.

Another 9 percent keep their cash. Money under the mattress just sits there. Or at least they should. Of this 41 per cent keep their loose change in a jar and 10 per.

I believe that hiding money under the mattress is prevalent in pop culture due to great depression era bank runs creating a need for cash storage in the home. In an envelope taped to the bottom of a kitchen shelf 2. 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.

Second all that money in my room wasn t doing anything for me. 2 in a drawer. In a plastic baggie in the freezer 5. Real adults who make smart choices keep their money in the bank.

Probably the first place that a thief is going to look is in a drawer maybe only after under the mattress. Money in the bank earns interest also commonly referred to as compound interest. A new survey of more. Toilet paper is not the only paper product that americans are stockpiling.