[LiteraryLark]

I was cleaning out my room and I found an envelope in a cookie jar with $180 in it. The envelope read: "LL's Money for SF Trip. Do Not Touch Until Trip!" I totally forgot about it!

As much as I throw out stuff to goodwill, I simply cannot store money in random places anymore.

My parents said to invest in a small safe, but I don't really want to spend money to put money in it.

EDIT: I sent my brother a message asking if I can borrow his safe. That's the polite thing to do. He is away on military and he has a kiddy old western safe that doesn't lock, so I asked if I can borrow it.

Any other ideas of what to do with money I do not want to put into a bank?

Secret's out: 101 Secret Hiding Places

[~Christina]

Ole coffee can top shelf of your closet.

[Fresia]

What is not recommended is some place so obscure it could be missed entirely. Funny story one one hand but not so funny one the other .....when my great grandmother passed and we went to clean out her house, I was cleaning out the kitchen. I started on the fridge and freezer. We were out of state, and knew no one so we could not keep any of the food. I did not know how long it had been in there either so we had to pitch it. She had cold cuts on the freezer, I started to pitch it and then as I was moving it to the trash, something strange caught my eye on the edge of it inside. It didn't look right between the meat.

I couldn't get it out so defrosted it. There was 5 100 bills stashed in saran wrap in the ham. I had to go back through the trash through all the frozen foods and through both freezers. All in all there was $26,000 that I might have thrown away. She picked a good spot though. I doubt anyone would have looked there. Those were some very expensive cold cuts!

why would you not put it in a bank? If you are concerned about spending it buy a bond that will mature overtime. You will at least get interest which you won't earn by stashing it away.

[LiteraryLark]

Originally Posted by Fresia

What is not recommended is some place so obscure it could be missed entirely. Funny story one one hand but not so funny one the other .....when my great grandmother passed and we went to clean out her house, I was cleaning out the kitchen. I started on the fridge and freezer. We were out of state, and knew no one so we could not keep any of the food. I did not know how long it had been in there either so we had to pitch it. She had cold cuts on the freezer, I started to pitch it and then as I was moving it to the trash, something strange caught my eye on the edge of it inside. It didn't look right between the meat.

I couldn't get it out so defrosted it. There was 5 100 bills stashed in saran wrap in the ham. I had to go back through the trash through all the frozen foods and through both freezers. All in all there was $26,000 that I might have thrown away. She picked a good spot though. I doubt anyone would have looked there. Those were some very expensive cold cuts!

Yikes!

[campervanman]

It would be very safe in my safe or bank account!..............

[IchbinkeinTeufel]

I primarily use a savings account with my bank. I also use jars and a large protein shake tub. xD I'd go with the savings account option though.

I'm still wanting to know why you wouldn't put money in a bank.

I doubt anyone wants to hear this, but a big secret to our societies' banking systems is that a bank's depositors are in fact unsecured creditors, individuals or institutions that lend money to the bank without obtaining specified assets as collateral.

If a bank were to become insolvent in a crisis, its clients could lose all or part of their deposits in a "bail-in", a term coined in the 2010s that describes rescuing a financial institution on the brink of failure by making its creditors and depositors take a loss on their holdings.

A bail-in is the opposite of a bail-out, which involves the rescue of a financial institution by external parties, typically governments using taxpayers money. Bank bail-ins have already begun in the EU (in Cyprus and Italy), and the infrastructure to implement bail-ins is already in place in the United States.

[It is] entirely possible in the next banking crisis that depositors in giant too-big-to-fail failing banks could have their money confiscated and turned into equity shares...

If your too-big-to-fail (TBTF) bank is failing because they can’t pay off derivative bets they made, and the government refuses to bail them out, under a mandate titled “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” approved on Nov. 16, 2014, by the G20’s Financial Stability Board, they can take your deposited money and turn it into shares of equity capital to try and keep your TBTF bank from failing.

Once your money is deposited in the bank, it legally becomes the property of the bank.

(Emphasis mine.)

The Dodd-Frank act states in its preamble that it will “protect the American taxpayer by ending bailouts.” But it does this under Title II by imposing the losses of insolvent financial companies on their common and preferred stockholders, debtholders, and other unsecured creditors. That includes depositors, the largest class of unsecured creditor of any bank.

(Emphasis mine again.)

Don't take my word for it: this information is corroborated by reputable sources in plain sight on the internet, and you can do your own research. You can start with the following article:

A Crisis Worse than ISIS: Bail-ins Begin

[bounceback]

in the freezer, supposed to be one place nobody ever looks

Originally Posted by bounceback

in the freezer, supposed to be one place nobody ever looks

Fresia's grandmother stashed cash in the freezer in the Saran Wrap with the ham. Burglars always make a beeline for the freezer. Besides cash, drugs, and ham, there could be steaks.

I have no money to hide unfortunately. Money belts used to be popular

Originally Posted by Lefty the Salesman

I doubt anyone wants to hear this, but a big secret to our societies' banking systems is that a bank's depositors are in fact unsecured creditors.....

This is true, BUT a Credit Union is a financial institution which must be secured. Then tend to have significantly lower costs of borrowing and lower or no fee banking.

[LiteraryLark]

Originally Posted by Lefty the Salesman

I doubt anyone wants to hear this, but a big secret to our societies' banking systems is that a bank's depositors are in fact unsecured creditors, individuals or institutions that lend money to the bank without obtaining specified assets as collateral.

If a bank were to become insolvent in a crisis, its clients could lose all or part of their deposits in a "bail-in", a term coined in the 2010s that describes rescuing a financial institution on the brink of failure by making its creditors and depositors take a loss on their holdings.

A bail-in is the opposite of a bail-out, which involves the rescue of a financial institution by external parties, typically governments using taxpayers money. Bank bail-ins have already begun in the EU (in Cyprus and Italy), and the infrastructure to implement bail-ins is already in place in the United States.


(Emphasis mine.)


(Emphasis mine again.)

Don't take my word for it: this information is corroborated by reputable sources in plain sight on the internet, and you can do your own research. You can start with the following article:

A Crisis Worse than ISIS: Bail-ins Begin

Ohhhhhh so that's why you're lefty the "salesman". Quick! Sell me a vacuum!

Originally Posted by bounceback

Quick! Sell me a vacuum!

No problem. Try to imagine, if you will, a vacuum that sucks as hard as a bail-in.

[LiteraryLark]

Originally Posted by Lefty the Salesman

No problem. Try to imagine, if you will, a vacuum that sucks as hard as a bail-in.

hahahahaha For only six and a half monthly payments of $19.95!

[~Christina]

Originally Posted by LiteraryLark

hahahahaha For only six and a half monthly payments of $19.95!

If so buy one know he will send you a second one FREE just pay for the additional shipping handling. LOL !

[Marla500]

After I got married, my husband's grandmother passed away and we moved into her home. I was digging up an area to put in a garden and my shovel hit a jar-I dug it up and it had a baggie containing a small amount of money in it. I thought that was a pretty good hiding place! The inside of the jar was a little damp though.

[Marla500]

Originally Posted by Lefty the Salesman

Fresia's grandmother stashed cash in the freezer in the Saran Wrap with the ham. Burglars always make a beeline for the freezer. Besides cash, drugs, and ham, there could be steaks.

That reminds me of a game show we used to watch called "Supermarket Sweep" and contestants would try to load their carts with the most expensive items, and they would make a b-line for the meat section!

If I told you , I would have to kill you. lol