Hiding Money Under The Mattress

Money in the bank earns interest also commonly referred to as compound interest.

Hiding money under the mattress.

Or at least they should. In a plastic baggie in the freezer 5. You wouldn t believe how many bandaids we go through if i don t hide them. I hide items from my kids in drawers in a locked closet even.

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. Twenty places to hide money at home besides under your mattress 1. The practice is really really dumb. Paper money is also in great demand.

Toilet paper is not the only paper product that americans are stockpiling. As many as 28 million people in the united states are forgoing traditional financial institutions. Real adults who make smart choices keep their money in the bank. Of this 41 per cent keep their loose change in a jar and 10 per.

In an envelope at the bottom of your child s toybox 4. Don t store money or valuables there. Grandma stuffing money under the mattress isn t the only one living outside the banking system. It s safer to keep your money in your bank account.

The banking system is solid and trustworthy. In an envelope taped to the bottom of a kitchen shelf 2. The average amount of money kept at home is 110 with some 77 per cent still proactively stashing notes or coins in their abode. 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. Money under the mattress just sits there. Probably the first place that a thief is going to look is in a drawer maybe only after under the mattress. Second all that money in my room wasn t doing anything for me.

2 in a drawer. 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. Another 9 percent keep their cash. Usually a reference to stashing money under the mattress or in a shoebox is a joke.