If you prefer having some cash saved at home over a bank savings account, there are some locations or tricks to hiding the cash that work better than others. Before you go around taping cash savings to the underside of desks and couches in your home though, you might want to carefully consider what would happen if there was a fire or natural disaster in your home. Having some cash on hand, carefully stashed and hidden away from potential robbers in your home is not a terrible idea – but having your life’s savings spread all over your home in various places could spell even bigger disaster if a fire or other event takes your home. (Not to mention the interest you are losing by keeping your money out of an interest bearing deposit account).
That being said, here are a few places to stash your cash at home where most robbers would never think to look:
A Loose Floorboard: If you have wooden floors, sometimes one of the boards will come loose. Take advantage of the not-so-conspicious location by taping a wad of cash underneath and replacing the floorboard. Just don’t forget which one!
Hole in the Wall: I suppose most people will not want to create a hole in their wall, however – if you make a small hole in the wall you can hide some valuables inside. Cover the hole with a framed print.
Feminine Protection Products: Who would think to empty a box of tampons or pads out in search of cash? In your bathroom, you could easily slide your cash into your tampon box and store with the others in the cabinet or shelf. Robbers, particularly men, won’t touch the box let alone think there could be money inside!
Refrigerator or Freezer: You’ve heard of freezing your assets? How many people keep a box of baking soda in the back of their fridge to absorb odors and such? Why not keep a half-full box of baking soda and hide your cash inside? You can also keep an old box of food in the freezer (not for eating!) and just stash some cash in it. It’s doubtful a robber would go through the entire contents of your freezer in hopes of finding a few $50 bills inside one of the frozen food items.
Drop Ceilings: Many homes, particularly finished basements, have drop ceilings. These are ceiling tiles that can be removed by pushing them up past their metal rims that hold them in place, and turning them to pull them down. Pick one and tape your cash to the hidden side and simply replace the ceiling tile.