Hiding Money Under The Mattress

Or at least they should.

Hiding money under the mattress.

Paper money is also in great demand. 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. Of this 41 per cent keep their loose change in a jar and 10 per. Hiding cash in your mattress isn t a good idea as it could get lost or stolen.

Toilet paper is not the only paper product that americans are stockpiling. Grandma stuffing money under the mattress isn t the only one living outside the banking system. Don t store money or valuables there. The practice is really really dumb.

As many as 28 million people in the united states are forgoing traditional financial institutions. Money in the bank earns interest also commonly referred to as compound interest. Another 9 percent keep their cash. Twenty places to hide money at home besides under your mattress 1.

It s safer to keep your money in your bank account. The banking system is solid and trustworthy. Real adults who make smart choices keep their money in the bank. Second all that money in my room wasn t doing anything for me.

Usually a reference to stashing money under the mattress or in a shoebox is a joke. A new survey of more. I hide items from my kids in drawers in a locked closet even. For one i usually had hundreds of dollars hidden in my room just begging to be stolen.

2 in a drawer. In an envelope taped to the bottom of a kitchen shelf 2. 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 plastic baggie in the freezer 5.

In a watertight plastic bottle or jar in the tank on the back of your toilet 3. 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. Money under the mattress just sits there. The average amount of money kept at home is 110 with some 77 per cent still proactively stashing notes or coins in their abode.