Hiding Money Under The Mattress

The banking system is solid and trustworthy.

Hiding money under the mattress.

As many as 28 million people in the united states are forgoing traditional financial institutions. In an envelope taped to the bottom of a kitchen shelf 2. Money under the mattress just sits there. A new survey of more.

In a plastic baggie in the freezer 5. 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 an envelope at the bottom of your child s toybox 4. Second all that money in my room wasn t doing anything for me.

Another 9 percent keep their cash. Toilet paper is not the only paper product that americans are stockpiling. Real adults who make smart choices keep their money in the bank. 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.

Don t store money or valuables there. Usually a reference to stashing money under the mattress or in a shoebox is a joke. Probably the first place that a thief is going to look is in a drawer maybe only after under the mattress. The practice is really really dumb.

Of this 41 per cent keep their loose change in a jar and 10 per. In a watertight plastic bottle or jar in the tank on the back of your toilet 3. Hiding cash in your mattress isn t a good idea as it could get lost or stolen. You wouldn t believe how many bandaids we go through if i don t hide them.

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 average amount of money kept at home is 110 with some 77 per cent still proactively stashing notes or coins in their abode. Or at least they should.

2 in a drawer. Grandma stuffing money under the mattress isn t the only one living outside the banking system. I hide items from my kids in drawers in a locked closet even. Money in the bank earns interest also commonly referred to as compound interest.