Saving money at home or bank? / myLot

Indonesia

February 3, 2010 11:12pm CST

Hey friends, there are many bad cases with banks in my country lately, among other things: theft through machine ATM (Automatic Teller Machine). This has caused a less of trust against banks. It is not in my country. Some months ago, I ever read in newspaper, a spouse in Europe (I forgot exactly the name of country) has saved their money in a shoe, because they did not trust bank. Whatever the risks, I myself remain save money in bank, because at this moment all transactions are made through bank transfer. I only try to be carefully especially with the PIN Code. How about with you? Still save money in bank, or you prefer to save money at home for safety? Let's share. Thanks anyway, you have a good day.

6 responses

lainey_chuan

@lainey_chuan (87)

• China

4 Feb 10

Of course ,I prefer to save money at bank.I checked out when I need.Most of ATM is safe and theft money is individual case.

1 person likes this

atv818

@atv818 (1980)

• United Arab Emirates

4 Feb 10

Keep 20% at home for urgent expenses and 80% in the bank for it to grow with the help of interests. If you fear theft with ATMs then open a regular passbook or time deposit accounts

1 person likes this

statement

mensab

@mensab (4200)

• Philippines

4 Feb 10

savings entail an extra money which comes from a steady source of income. to enlarge savings, one has to cut spending while maintaining or increasing income. i do save in banks and home. i keep my savings in three banks to secure money from possible bank failure. our deposits are only guaranteed at certain amount. i also save at home with all my loose changes. everytime i have some coins, i put them in a bottle. now it is half-full of coins. if it gets filled, i will deposit it to my savings account. banks have marginal interest rates, while home savings do not.

1 person likes this

@Allie_xoxo (1063)

• Canada

4 Feb 10

I have recently been advised by someone i know to start withdrawing money and storing it away, just in case you know, all this world gone wonky stuff is more than just talk.

1 person likes this

advokatku

@advokatku (4033)

• Indonesia

4 Feb 10

although many cases are associated with ATM, that's it does not reduce function of the Bank as a place to save money which better than save money at home

1 person likes this

alghifari2106

@alghifari2106 (94)

• Indonesia

4 Feb 10

hai atleya... i think..to save money in the bank more secure than at home. i'm saving my money in the bank and if there is a need, i took the money at ATM because it easier..i took enoughfor this purpose than if a brought a lot of money in the wallet because it is very dangerous.

1 person likes this