Top 10 Secret Hiding Places For Money | Wayforth?

The drawers, closets, and space under the bed are still quite lucrative for thieves looking for money and jewellery.

Where do burglars look for hidden money?

The drawers, closets, and space under the bed are still quite lucrative for thieves looking for money and jewellery.

Where can I secretly save money?

Cash, Hidden Away You could also hide your assets in a safe deposit box or safe . It's probably a good idea to keep some amount of cash within easy reach for those times when you can't get to your financial institution but find yourself in a short-term liquidity crunch.

Where do hoarders hide money?

Check in unlikely places, like the backs of picture frames, inside books, throughout closets and in refrigerators and freezers for hidden cash or valuables. - Document cash and any possible valuables such as jewelry or art that you find.

Where do thieves look first?

The first place most burglars look is the master bedroom [2]. Many burglars then move on to a study, library, or office where electronics are located. Bathrooms are also popular, where the thief goes through your medicine cabinet. Various cabinets and drawers throughout the house.

What do burglars not steal?

But most furniture, like sofas, dining room tables, chairs, and bookshelves , is not easily stolen. Taking these items is loud and requires a large van to transport. Most burglars are not so well-prepared, preferring to slip items like cash, purses, keys, and jewelry into a rucksack instead.

What is the 50 30 20 rule?

The 50-30-20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should dedicate 20% to savings, leaving 30% to be spent on things you want but don't necessarily need.

Where is the safest place to stash money?

Where Is the Safest Place To Keep Cash? Deposit accounts —like savings accounts, CDs, MMAs, and checking accounts—are a safe place to keep money because consumer deposits are insured for up to $250,000, either by the FDIC or NCUA.

Where do old ladies hide money?

Does the older person have potted plants in their home? Believe it or not, this is a common hiding place for items of importance. Some may stash rolled-up cash in pill bottles and hide it under the soil .

Is it illegal to hoard money?

In essence, hoarding is not illegal . However, once an individual or company begins to buy up or stockpile large amounts of a commodity or security, the Securities and Exchange Commission (SEC) watches closely.

Where do rich people hide their wealth?

Hiring family members . Another tactic the rich often use to shield income from taxes requires getting the family involved. If you have a business, you can use this strategy to your advantage, too, by hiring your spouse or your children and paying them a salary.

Where would someone hide money in a bedroom?

if you need easy access to your cash, though, maybe cut out a little square hole underneath the bed and put it there inside a safe, then cover it with the carpet or flooring . not as hard to get to that way. or you can hide it inside or behind appliances.

Is finding money on the floor stealing?

The person from whom you take the money does not need to be nearby for it to be considered theft. They could have been gone for days, but the money is still theirs in the eyes of the law. So taking any money you find on the ground or at a checkout lane may be construed as theft .

Top 10 Secret Hiding Places For Money

Forget about under the mattress. What about inside the water tank on the back of your parents’ toilet? That’s actually one of the first places we look when we’re hired to clean out houses after a parent or grandparent dies. We’ve found that today’s seniors are a generation that tends to create secret hiding places for money (or stock certificates and savings bonds), so finding their treasure troves after they’re gone requires patience and a little detective work.

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Here are the Top 10 secret hiding places for money we’ve found:

The Tank

There’s plenty of room in the toilet’s water tank for a jar or some other watertight container stuffed with cash or jewelry. And while you’re at it, make sure there’s nothing taped to the inside of the lid.

The Freezer

Cold, hard cash isn’t just a cliché. It’s a way of life for many seniors. We’ve found everything from credit cards to gold coins frozen inside blocks of ice and plastic zipper bags filled with cash at the bottom of ice trays.

The Pantry

Look inside every cereal box, flour bag and coffee can. Pour out the contents if necessary so you can see what’s at the bottom.

The Bookshelves

Yes, you want to check for those hollowed-out bibles and dictionaries that you can buy online. But you also have to shake out every book on the shelf. We’ve found everything from $100 bills to dividend checks stashed between the pages.

Under the Floorboards

This is a very common place to hide valuables, especially in older houses. Check for loose boards under throw rugs, new nails that look out of place, and loose edges around wall-to-wall carpets.

Old Suitcases

We’ve found plenty of vintage suitcases packed with cash. Steamer trunks used in World War II had special holes built into them for wives to pack mementos for their husbands who were going off to fight. Check under the lining, and look for a false bottom.

Closets

You have to go through every piece of clothing and every box. We’ve found hundreds of thousands of dollars in shoeboxes, cigar boxes and inside the pockets and lining of old jackets.

Bureaus

We’ve found envelopes full of cash or other valuables taped to the bottom or the back of just about every type of furniture, but chests of drawers offer unique hiding places. Women’s vanities usually have at least one drawer with a false bottom to hide the good jewelry.

The Backyard

Yes, people still bury canning jars filled with rolled up $20 bills in the yard. If they’ve been there a long time their location could be hard to spot, but a metal detector should pick up the lid if they aren’t buried too deeply.

Birthday Cards and Church Envelopes

Seniors often pre-load these with cash and then forget to follow through.

This list is really just the tip of the iceberg. Hiding places are unique to the house and to the individual, so the best way to uncover your family member’s secret stash is to ask them while they are still around to tell you.

The takeaway we’ve learned is to never assume that relatives don’t have money or other valuables hidden somewhere. Even if they lived very modestly, older generations took great pride in living frugally and saving as much as they could. In fact, the ones who never talked about money usually are the ones we discover have the most hidden.

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Top 10 Secret Hiding Places For Money | Wayforth (2024)