stash the money? or put it in a bank?

Hi sandra! I'm not really sure! I don't have much money to really worry about! I have a tiny bit in the bank. I never get to worry about keeping much in the house because whatever I do have gets spent really quickly. I don't think that keeping alot of money in the house is a good idea though. It is safer in the a bank account. Not so much for theft, but in case of fire or other natural disasters! I never used to think that way, but I do now since there have been so many crazy things happening in this world like planes crashing into houses, uncontrolled fires. I don't know, I just don't feel anything is safe anywhere anymore!

I dont trust banks.LOL.. Just for personal reasons. but now it seems most banks are going out of business and all your money is either not there anymore or if you choose the wrong bank and it gets robbed then you dont get your money back. My grandma uses US Bank and she has quite a bit of money in there and theres some talk about the bank closing. So she will have to take it all out of the bank.LOL..So IDK I keep my money stashed in different places that no one will ever think to look..hehe

I only keep a small amount at home for emergencies, or for the weekend when I can't get to a ATM. It's safer in the bank and at least it is earning interest there.

Hey, Well it all depends on how much money you actually want to stash inside the house. Certainly, it wouldn't be advisable to stash something like $50,000 inside your house, that would just be insane. It would be more practical to stash something like up to $10,000 inside your house that you will actually use to buy things that you actually need. As for me I only keep a few thousand at MOST inside my house, and at times I only keep like a few hundreds inside. But I normally keep my money in the bank, I find that their is less hassle, and less trouble, and much safer. Also, you get interest if you put a large amount in the bank and don't touch it for a few years.

This is a difficult one but the bank should be the safest but it appears it is not anymore. Under the bed is not very safe maybe gold or a painting by an up and coming artist.We are able to put up to £50.000 in a bank and it is guaranteed by the British goverment.It is what you feel most comfortable with,not having any money to talk about so it is not a problem for me.xx

i say put some in both so either way you will have something to fall back on if either gets robed. i say if you have a robber in your house and they see the safe they going to beat you til you give them the info now if your money in the bank they going to beat the bankers til they give them the info lol. but i say keep half in both places because you never know what can happen your house can catch a fire and burn all your money if you got it all at the house.

Actually it's not safe to put too much money in the house. Even have burglar, also no worries too much if not much money to put in the house. Better to put money in the bank, in the house, prepare a bit is enough. Some more nowadays, using ATM is quite easy or credit card. But have to beware of using ATM card and credit card too. Do not over the limit.

I do both. I have money that is sitting safely in the bank and monet stashed safely aroun the house where no one would be able to find it. I don't even keep everything all in one place at home. I believe that it is important to ahve thigns to fall back on. If you open a bank account, you can put your money there and gain some interest, but if it is money that you don't want someone to know about, for whatever reason, it may not be the best idea. If you stash money at home, you do not earn interest on it, but, you have complete control over iut and no one has to know it even exists. On the downside, if you were to be robbed, chances are, you would lose all your hard earned money. So, i say do both. Put some of it in the bank, and keep some around the house.

There is a popular saying,"Don't put all the eggs in a single basket".So,have some liquid cash at home,some in bank and some in the form of investments.That will really help a lot better.You will not lose all your hard earned money in total.Cheers!

I think its better to think of how can you make that money double or triple volume. I mean you can think of ways, engage in a business. If you dont want to risk getting into business, just divide it into half. Put the other half in the bank, and also save that other half in the house. Happy mylotting!

I think this is a personal issue. Some people feel that the banks are not the safest place to hold the money nowadays due to the bailouts and the credit market. So those people keep their money closeby. Others feel that the banks can be trusted but only to a certain degree so they keep some of their money in banks and some closeby. You need to think about whether you trust the bank you do business with and think about your neighborhood and then make a decision.

Hi Sandra...nice name isnt it.. I always keep a little money in my purse in case I need it. Other than that, I do not keep money in my house. I wouldnt want to be robbed. Or what if the house burned down. I wouldnt want to lose all my money either. I think most of our main banks here are pretty safe bets...I dont think they are going to close any too soon. Besides, I dont get any interest keeping money at home, but in the bank, there is a little interest added at least.

Of course put in a bank, even if the bank burns down, at least you have a record of how much money you deposit into the bank. If you stash money inside the house, it's very difficult to keep track of how much money you have, especially when you take $10 now and then to buy things. There are some loose change stash everywhere in my house. These are the money that no thief wants to take. I bet it's make a lot of noises if the stupid thief really go around and hunts for all the coins.

Ha!! ha ha! In this era of the 21st century, i think stashing money around the house is definitely not a good idea afterall, What are the banks for?

it would be better to put the money in the bank, it will have interest, and if you stash up money, the money will not be circulated and it lead to inflation, and crises eventually... it would'nt hurt top have some pocket money at home for your dail expenses though.

I think it is saver to put the cash in the banks and also it gives some interests in the banks. I would recommend you to put some money at home in small amounts and put the rest of the money in the banks as it is safe and also gets you interest. Now a days there are ATM counters available, which helps to withdraw the money as soon as we needed.

I would stash various amounts in different places. The down side to stashing in your house, you don't get interest. The up side, it is safe and you can access it anywhere. Banks, you can earn interest. the down side, the crooks in Washington see what you have and find new ways to get it.

nowadays, you do not keep or save your money in the bank for safekeeping because we all now what happened to several big financial institutions all over the world. these guys make use of your money to gamble in investments and you are just making them richer by lending them money and when it fails , your life savings are gone. i would either suggest to put it on a less riskier place like, mutual funds or government bonds. well, better yet , use the basic option of keeping it at home, it is a lot safer and besides you can be your own bank. if you need to borrow money, might as well borrow from yourself and put that interest on yourself.so, instead of others making money from you, why not make money for yourself.it is the same thing, think of it.

If I had a lot of cash, then I would probably do both, I will have some of the money deposited in the bank and some cash on hand in case I would suddenly need money and there is no bank. My dad taught me not to keep my cash all in the same place, he would remind us to keep some money in our wallet, some in our bag and some in our pockets. That way, if something happens to my wallet or bag, I still have some money as least for calling or transportation home.

its a risk if you leave your money in the house. All depends on your out-look of risk. Here in uk the banks are considering charging us for having a current account, which is wrong especially after the way the bank's have messed up. So I can see why some people would consider keeping their money in the house.