Kepping cash at home

cisamcgu

Following the problems in Cyprus, do people here keep "ready cash" at home in case the banks suddenly close their doors for a weeks or two ? Given that the Cypriots are limited to about £350 a day, do people think it is prudent to keep a couple of thousand in a cardboard box under the bed ?

( And it should read keeping not kepping *oops* )

ChopperST

cisamcgu wrote: »

Following the problems in Cyprus, do people here keep "ready cash" at home in case the banks suddenly close their doors for a weeks or two ? Given that the Cypriots are limited to about £350 a day, do people think it is prudent to keep a couple of thousand in a cardboard box under the bed ?

( And it should read keeping not kepping *oops* )

Problem is what about fire / risk of theft?

Most home insurance policies are capped at covering only £500 of cash so if something happens you are worse off. Cyprus is a unique situation. Technically we are already being robbed via the back door by the QE and funding for lending scheme pushing up inflation while reducing interest on people's deposit. The Cypriot government have just done it in a much more overt Robin Hood type of way!

merlingrey

Don't keep more than £500.

Mine is in my fruit machine in £ coins.

Hominu

cisamcgu wrote: »

Following the problems in Cyprus, do people here keep "ready cash" at home in case the banks suddenly close their doors for a weeks or two ? Given that the Cypriots are limited to about £350 a day, do people think it is prudent to keep a couple of thousand in a cardboard box under the bed ?

I keep about £100 in a locked drawer and another £100 in a locked safe.

I wouldn't keep any more than about £250 in the house.

lisyloo

There are risks.
My nephew is a thief.
How do you know a cleaner, opportunist workman, relative or even friend won't take it.

Personally I wouldn't but if you have to then get a locked cashbox and hide it somewhere.
Don't leave it on display where it's easy pickings.

Sounds obvious but how many people leave their handbag/purse in a trolley whilst pickick fuit/veg in a supermarket. It's easily done.

Also it's no protected from tax, inflation or accidents e.g. fire/flood.

srcandas

Surely better to store camping gas, rice and bottled water. Harder to steal and always useful. And if cash runs out I bet food prices rise and what else would you spend your final few hundred quid on? OK add a bottle of scotch to the list

merlingrey

Heres the way i save and store spare change, my piggybank:


Double security on this, you have the outside door locked and when you open that you have this:



It's recessed into the frame , quiet tough and can't be crow barred out easily.When hopper in the top of the machine is full (£125,pounds only) all coins go down the back into plastic boxes, non-£1 coins always go down the back since they are not paid out.

cisamcgu

Oh God - it is Noel *my eyes my eyes *

merlingrey

cisamcgu wrote: »

Oh God - it is Noel *my eyes my eyes *

There you go, the locks and doors on it are probably overkill

loracan1

merlingrey wrote: »

There you go, the locks and doors on it are probably overkill

But couldn't a determined and very patient burglar simply play till they won the jackpot?

merlingrey

loracan1 wrote: »

But couldn't a determined and very patient burglar simply play till they won the jackpot?

Well they could but it's only £25 but they would probably have to put £75 in to get it.

So i'll rob them....GENIUS!