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Best Places to Hide Money At Home

Posted By Jim On 03/02/2010 @ 7:41 am In Personal Finance | 98 Comments

I had a conversation over the weekend with a friend of mine who likes to keep a little bit of cash at home in the event of a zombie apocalypse. As I reminded him that zombies don’t take US dollars, I thought a little to how we like to keep some cash on hand at home too. My friend was talking a thousand dollars or two, we keep maybe a hundred bucks. While he was trying to up his chances of survival, we do it to avoid an unnecessary trip to the ATM if we find our wallet or purse a little light one day.

That led me to wonder where the best places to hide you rmoney at home was and fortunately the web did not disappoint.

First, there’s is no limit to human ingenuity. Just spend a few minutes looking through the slideshow WalletPop put together on the craziest places people hide their money [3] and you’ll see things like inside a fake i-beam, the cookie jar, their attic, a fake roll of toilet paper, under the litter box, mason jar buried in the garden, and my favorite, an empty can hidden in the pantry. Hopefully all those people can get to their cash when the zombies start rolling in.

Now that you have a list of potential places, you need a strategy. Putting all of your cash in one secret spot works as long as the thief doesn’t find it. If they find it, then they have all of your money. Why not spread your loot over several secret hiding spots? If a thief is short on time and starts flipping over everything, they may quit after finding one stash. Thieves don’t have a ton of time so giving them a little offering like that may stop them from finding all the pieces.

Next, remember why you’re keeping the money at home and be smart about how much. We want to avoid the ATM so we keep less than $100 at home. We could keep $1,000 but that would be way more than we need, plus it’s interest we’re not earning by not having it in a savings account. So keep the amount logical, how much cash do you really need at home? Probably not as much as you think. Remember that in the event of a fire, you don’t want to feel compelled to save your money.

I feel obligated to point out this story [4] of a woman throwing away a mattress that, unknown to her, held a million dollars of her mother’s savings. Saving money is good, saving a million dollars is great, but saving it in your mattress is a horrible idea.

Lastly, don’t be so creative that you forget where you hid it.

(Photo: alancleaver [5])


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[2] Email: mailto:?subject=http://www.bargaineering.com/articles/best-places-to-hide-money-at-home.html

[3] craziest places people hide their money: http://www.walletpop.com/specials/places-to-hide-money

[4] this story: http://www.timesonline.co.uk/tol/news/world/middle_east/article6469706.ece

[5] alancleaver: http://www.flickr.com/photos/alancleaver/4279482716/sizes/m/

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