Cash Under The Mattress

Feds find 20 million hidden under a mattress in massachusetts. The truth is your money is safer in the bank than under your mattress. 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.

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Your bed is great for many things but storing your savings certainly isn t one of them.

Cash under the mattress.

Grandma stuffing money under the mattress isn t the only one living outside the banking system. Worried your money won t be safe in the bank. In case of a. Stocking up on cash is risky.

Keeping cash under the mattress also has you covered in case of an emergency. You could lose the dollars you re hiding or someone could steal them. If you need to leave suddenly to help a family member in need you ll save yourself a trip to the atm. And with the recent announcement that the uk banks may look to introduce negative interest on savings accounts that mattress is looking.

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. How to find a safe home for your cash. The two way the box spring full of cash was discovered during an investigation linked to a massive pyramid scheme.

Don t keep cash under the mattress. Keeping large amounts of money in your house rather than in a bank or building society is a bad idea because. While storing non perishable food can give you some security there are risks associated with keeping up a lot of cash in your home.

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