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While storing non perishable food can give you some security there are risks associated with keeping up a lot of cash in your home.
Cash under the mattress. In case of a. Stocking up on cash is risky. 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. How to find a safe home for your cash.
And with the recent announcement that the uk banks may look to introduce negative interest on savings accounts that mattress is looking. If you need to leave suddenly to help a family member in need you ll save yourself a trip to the atm. Worried your money won t be safe in the bank. Grandma stuffing money under the mattress isn t the only one living outside the banking system.
Keeping cash under the mattress also has you covered in case of an emergency. People can run up big fees to cash checks pay bills and meet their other financial needs. Your bed is great for many things but storing your savings certainly isn t one of them. Feds find 20 million hidden under a mattress in massachusetts.
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. The truth is your money is safer in the bank than under your mattress. Don t keep cash under the mattress.
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