Hiding Money Under The Mattress

Paper money is also in great demand.

Hiding money under the mattress.

In an envelope at the bottom of your child s toybox 4. Money in the bank earns interest also commonly referred to as compound interest. A new survey of more. 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.

Another 9 percent keep their cash. Usually a reference to stashing money under the mattress or in a shoebox is a joke. Money under the mattress just sits there. Or at least they should.

In an envelope taped to the bottom of a kitchen shelf 2. Toilet paper is not the only paper product that americans are stockpiling. 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 a watertight plastic bottle or jar in the tank on the back of your toilet 3.

2 in a drawer. Probably the first place that a thief is going to look is in a drawer maybe only after under the mattress. As many as 28 million people in the united states are forgoing traditional financial institutions. I hide items from my kids in drawers in a locked closet even.

You wouldn t believe how many bandaids we go through if i don t hide them. The practice is really really dumb. It s safer to keep your money in your bank account. 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.

In a plastic baggie in the freezer 5. For one i usually had hundreds of dollars hidden in my room just begging to be stolen. The banking system is solid and trustworthy. Don t store money or valuables there.

Hiding cash in your mattress isn t a good idea as it could get lost or stolen. Of this 41 per cent keep their loose change in a jar and 10 per. Twenty places to hide money at home besides under your mattress 1. Second all that money in my room wasn t doing anything for me.