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.

Tags: hiding money, savings at home, stashing cash

This entry was posted on Tuesday, January 13th, 2009 at 8:57 am and is filed under tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

• Saving money when moving Counting today, we move in 17 days. While I am incredibly excited, I am also a nervous wreck. Moving stresses me out. Ignoring all of the psychological reasons and sheer amount of work, moving is expensive. I received our first...
• Financial Planning 101: What To Do with Sudden or Unexpected Cash? A friend and reader of this blog posed an interesting scenario to me this week.  One that I, or almost anyone else for that matter, would be rather shocked to see waiting for them in their email inbox prior to...
• 10 Ideas for DIY Home Improvement There are a lot of different DIY home improvement projects that you can take advantage of in order to change up the look and feel of your home quickly, easily and effectively. Why pay an arm and a leg for...
• Kitchen Remodeling Without Having to Break the Bank The following guest post was submitted by Jennifer Kardish. Jennifer is a communications coordinator at Kitchen Cabinet Mart. You can check out their free design tips for your kitchen and home. A good kitchen remodel can get really expensive really...
• How To Clean Laminate Flooring We want your home look spotless and that's why I keep hitting some cleaning tips . On this occasion, we give you some ideas for learning how to clean laminate floors . This floor can be easily damaged spots  stains...