Does anyone actually keep their money at home under the mattress?

SliAbhaile

Relative taxation rates have a lot to do with this trend.

Having grown up in Ireland where any avoidance of the punitive state taxation was regarded as a perfectly normal activity everyone who had access to cash kept it at home.

When my father, who ran his own business, died thirty years ago my brother and I found £40k hidden in the various safes around the house.

The 'Celtic Tiger' to some extent changed this tradition as everyone lived on credit but the old ways are returning quickly enough; a friend of mine has just bought the most enormous safe which he has had concreted into his garage. The lads installing it said they were very busy these days.

savingmummy

I`m 29 and have my money at home
I move it around so often i lose it for days until i remember:rotfl:

I am trying to get a saving account though in my defence!
I agree it isnt safe at home and is quite a worry at times.

Jegersmart

The_Thrilla wrote: »

"Unlike paper money [gold] is proof against inflation.




LOL. If you say so.

The problem with gold is that someone decided that it was worth something, i.e. a standard. In the longer term, the monetary system cannot survive - certainly post oil and gas reserves. At that point, globalisation will be dead in the water and we go back to a much simpler world - even potentially one where water and food are king. I suspect gold will be worthless in the longer term - you cannot eat it, burn it or build anything meaningful out of it. That is not to say it has no part in a portfolio but I would not be overexposed to it per se.

p.s. I am talking longer term - i.e. 75-100 or more years....

Bigsmak

Here is a story about a man who kept all his money in cash. £80,000 .. its an interesting and short read.

http://www.bbc.co.uk/news/uk-england-essex-11843543

Some people are just scared of banks and actually believe what they read in the red-tops... The NOTW scandal is a great thing and might get people to question what newspapers they read.

Anyway.... No harm in keeping a bit of cash at home, but what if you are robbed, or have a fire or flood. Banks for me!

Psychaley

I always keep a small amount around the house as a little emergency fund. I know of an older couple in my village who kept all their cash in their house and someone broke in and took it all. It was obviously someone who had been there before and they had, had building work done recently and they were the only other people besides their sons who had been in the house. The lady said she never got the money out infront of the builders but like someone above said...there's only so many places to hide things, people usually keep things in similar places and theifs are clued up on it. I used to work in volume crime forensics and I did see a couple of these cases but not a lot.

atush

I think it could be pretty safe where i live to leave a few tenners in a drawer.

I don't think i've locked my car in my drive in years ;-) I do lock the door though, when I go out to the nearby town and my kids laugh at me for it.

But onyone who would leave thousands at home is asking for toruble. My insurance covers you for a certain amt of cash (250-500 or something) but wouldn't cover 80K.

atush

Bigsmak wrote: »

Here is a story about a man who kept all his money in cash. £80,000 .. its an interesting and short read.

http://www.bbc.co.uk/news/uk-england-essex-11843543

Some people are just scared of banks and actually believe what they read in the red-tops... The NOTW scandal is a great thing and might get people to question what newspapers they read.

Anyway.... No harm in keeping a bit of cash at home, but what if you are robbed, or have a fire or flood. Banks for me!

I remember when that happened. Reminded me of a scene from the early Coen Brothers movie 'Raising Arizona'.

greektony

what a tard!!!!

margaretclare

Here's another example: http://www.echo-news.co.uk/news/local_news/rayleigh/9133473.Elderly_woman_conned_out_of___20_000/?ref=ec

sabretoothtigger

Make the bed frame from silver and it would be very hard to steal and they'd likely not realise it was solid. Silver tarnishes and most burglars arent that bright either making it fairly safe

Ive often heard of people burying gold sovereigns in their back yard. Again not that simple to steal or find even and pretty safe . EIther way its not that great an idea to store more then about 10% in cash or metals if you dislike the paper stuff

Most common home theft of high value involves spotting a nice car in the driveway and holding up the owners at gun point to get the keys. Very transportable and car parts can easily sell into the thousands.
My neighbours lose all coverage if they leave their (fancy) car outside for even a minute