Kepping cash at home

Meadows

cisamcgu wrote: »

Do people think it is prudent to keep a couple of thousand in a cardboard box under the bed?

Absolutly not! Do you feel it prudent to keep several Thousand £'s under the bed.

evenasus

cisamcgu wrote: »

do people think it is prudent to keep a couple of thousand in a cardboard box under the bed ?

Definitely not.

But I have thought about keeping a couple of thousand in the fireproof safe, which is bolted (from the inside) to a concrete floor, in a very awkward to get at place in my house.

ed123_2

Good idea, close all your bank accounts and place notes under mat outside front door.

exarmydreamer

My grandfather had £8K, in the loft and £5k in a drawer. As well as gold coins, infact he had money everywhere. Bless him, he came from a family of bankers. Seems quite apt that he chose not to leave to much in the bank.

He tried so hard to avoid the inheritance tax.:rotfl:

2010

You don`t keep cash under the mattress, you stuff the mattress with it!

Jegersmart

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* )

I think I prefer to stash funds in some different jusrisdictions within the banking system, offshore etc. Mind you, if the whole banking system was shut down I would think that you would have more to worry about than cash......:)

J

atush

Sure I keep some cash int he home, 3 currencies in fact.

But not because I am in a panic the banks will close, more because I need cash sometimes, and I live in a rural location and the banks (when they are open which isn't 9-5) aren't close by.

If I used my debit card to buy food, i'd just get cash back. But I don't, as I charge everything on my cashback CCs.

UsernameAlreadyExists

I think the OP raises a good point. I don't have nearly enough cash to actually function normally for any period, should my Debit/Credit cards be restricted for whatever reason.

I have a security safe (limited time fire safe) in the house but it's mostly for other stuff - I actually think I should stuff some notes in there too. To Hell with the interest/inflation loss

Zorz_2

Meadows wrote: »

Absolutly not! Do you feel it prudent to keep several Thousand £'s under the bed.

Why not? Even bank ads suggest it!

talexuser

As far as security goes there is a school of thought that the majority of burglaries are drug addicts/youths (unless you are in a mansion maybe), so leaving 50-70 £ in an easily found place will mean they leg it quickly rather than trashing the place or doing something more unhygienic in the lounge... I think I'd rather invest the money in a good alarm system.