Any recommendations for cash safe-keeping in the home?

bryanb

gkerr4 wrote: »

firstly, let me say that no-one in the UK should be keeping cash at home

I disagree, I always advised my frail elderly parents to keep £100 in the house in case of a robbery while they were at home. Better to give £100 or so to a druggie than to be beaten up while they try to find it.

[Deleted User]

My wife and I keep ours in a storage unit

opinions4u

Tenyearstogo wrote: »

A few years ago the Halifax card system went down for a few hours. That was the morning I'd allocated to do my jobs that week. I couldn't shop or get petrol. It really disrupted me.

Imagine if that was 24 hours, across all card systems. Still only a temporary blip but the consequences could be very disruptive.

You should try banking with Ulster Bank. Their customers understand these things.

YoungBusinessman

I was one of many effected by the RBS computer glitch, ever since iv had £2000 in a different account with bank card + enough cash in house for cash spends for a month.

alanq

Perelandra wrote: »

I would imagine that unscrewing one of the electrical sockets from one of your walls, and placing the cash in the hole made there would be pretty safe. There's plenty of room in the ones in my house for this, even given the wires in there!

Or alternatively install one of these dummy sockets.
http://www.lockmonster.co.uk/prod/plug-socket-safe-security-wall-socket-safe.html

The_Thrilla

I remember one of my sons was living with his girlfriend in student accommodation. She had just received £600 from her parents, and they were going out for the evening. She did not want to take the money with her, so they hid the notes under the carpet. While they were out, the burglars came. They scientifically ransacked the place. And, yes, the carpet was lifted, and the money was gone. It is very difficult to find places where burglars don't think of looking.

The Heinz Baked Bean tins don't even look like the real thing.

What people are keeping these days in their homes is not so much cash but gold coins.

What a Peer of the Realm used to do was pawn his ermine robes. It was cheaper than a safety deposit box, more secure than his home, and if anything happened to them, they were covered by the pawnbroker's insurance.

maryjanell79

Some rather spy-like places to stash your cash at home.... https://www.rplan.co.uk/post/1318/a-safe-place

Some of them are a bit silly but others might be a good idea

jabba42

I was affected by Laiki in Cyprus, I can tell you it is the most horrible feeling having internet access to your account but being unable to transfer it out. First of all it is disbelief, then anger, then in the end you are just praying they do not stiff you and take it all.

In all honesty with rubbish interest rates these days the only point of having a bank account is to keep your money safe. It seems now that that is no longer the case either as your money is not really your money in case of a melt down.

For those that think it cannot happen, well, banks only hold 4% ish in tier 1 capital. That is why banks build those huge towers to give them the air of solvency when it is far from the truth. Cyprus was a disaster, the bail in talk is a disaster that undermines trust in the whole system. I personally would like to get all my money out of banks all together but it is difficult.

IronWolf

I think the best place is not actually in the house, but in the garden buried or something. Burglars tend to tear your house apart, so a lot of these hidden things are pretty useless.

I keep a reasonable amount of cash along with valuables in a fireproof safe under the bed with the key left in. Its only to protect from fire really and I i dont want them taking the safe, id rather they took the money out because I have personal letters and other things Id rather not lose.

Porcupine

Buy a safe. Put inside it the Argos catalogue or the complete works of Shakespeare. If you're really keen, underline randomly selected words. Throw away the key.

They'll take so long cracking the safe and trying to work out your code they'll forget about ransacking the rest of your house :rotfl: