“Partypup, Arraya and anyone else….
I am planning on getting my money out of the bank. Partypup, you recommend 10K if possible. Since currency denominations are up to $100 dollar bills only…this amounts to a lot of cash.
The problem is…where to store the cash? If my house were to get broken into, all the money could be gone…
Where would you recommend? Also, what if I died? Do I send my beneficiary a treasure map to the house? X marks the spot kind of thing?”
There are definitely risks involved with keeping cash at home, no doubt. The problem is, there is no path we can take at this point that is completely without risk.
We have no control over money in a bank. We do, however, have some control over our homes.
Get a safe. Bolt it to the floor. Hide it well, preferable behind boxes or other items that are difficult or cumbersome to move. An alarm is ideal. I just had one installed for $600. Very doubtful that any thief would take the time to rummage through boxes to find a safe and attempt to crack it while an alarm is going off.
As to events following your death…just remember, you can’t take it with you. It’s only cash. If you’re dead, you no longer need it 🙂
