Do people really hide money under the matress

lulu1

My friend tells me that she and her husband keeps most off their savings in the house as she fears there will come a time when every penny you have will have to be declared to sw or revenue. She says they has worked hard all their life and if there comes a time that they becomes unemployed or god forbid has to relay on disability allowance their hard earned cash will be taken into account. I said what about the interest you would get on the savings in the banks. She says they would rather do without the interest than maybe lose out big time in years to come

The Purveyor of Truth

Well, if you don't have a bank account, where else can you put the money you get when you cash your pay cheques for being Taoiseach.

The Backwards Man

I have a safe in secret location in my house.

srsly78

Your friend is advocating fraud (not declaring savings). Why are they going around telling people this anyway, do they want to get robbed?

C.K Dexter Haven

srsly78 wrote: »

Your friend is advocating fraud (not declaring savings). ?

Not necessarily. If you earned the money by legitimate means, you can keep it where you want. However, under the mattress is not to be recommended from a security/safe keeping perspective.
Not declaring it though, when asked is a crime.

YFlyer

Some hide it under the bar of soap. Their partners are filthy

lulu1

srsly78 wrote: »

Your friend is advocating fraud (not declaring savings). Why are they going around telling people this anyway, do they want to get robbed?

Good idea I will pull a stocking over my head some night and go in and rob them.

policarp

I think that's where Bertie kept his wages, winnings on the horses, brown envelopes etc.
because he didn't have a bank account. . .

policarp

.

Rucking_Fetard

"They" can take anything over 100k if times get hard, your fiend aint mad OP.

Should look at putting it in to something though.

Allyall

srsly78 wrote: »

Your friend is advocating fraud (not declaring savings).

Bollix they are.

Gran Hermano

No one would be able to spend 28k on a coffin if old rural people didn't.

squeekyduck

I keep an undisclosed large ammount in the house. It started out as a small amount but my rule is simple. If I need say 20 or 50 I must put back the amount I borrowed plus 100%. This leads me to only touching it if I need it and its great as rainy day money. Self discipline applies.

SEPT 23 1989

I have a safe in the wall behind a painting

The Peanut

squeekyduck wrote: »

I keep an undisclosed large ammount in the house. It started out as a small amount but my rule is simple. If I need say 20 or 50 I must put back the amount I borrowed plus 100%. This leads me to only touching it if I need it and its great as rainy day money. Self discipline applies.

George Lee?

The Peanut

It was not uncommon years ago; particularly in the country where a bank was not in close proximity.

An elderly uncle of my mother died in the late 80's; a very religious bachelor. He lived in an old cottage but spent his last few weeks in a hospice. A few weeks after he died, my mam and her brother were tidying the cottage and found about 21,000 punts under the mattress but most of it had been destroyed by mice/rats. He had left all the cash in his will to the local nunnery; my mam can still remember how annoyed 2 of the nuns were that he hadn't put the cash into a credit union.

smash

I kind of admire anyone who has the capacity to keep large amounts of money in their home without getting the constant urge to spend it. It's safer at home than in a bank these days anyway, as long as it's hidden well.

Turtyturd

SEPT 23 1989 wrote: »

I have a safe in the wall behind a painting

I have a stethoscope...you're f*cked.

jgorres

Under the pillow?

No, it gets mouldy in this climate.

freshpopcorn

Yes, I know people who do this but they have a tendency to get broken into.

SilverScreen

I hide my money in the banana stand like everyone else.

oceanman

for all the intrest the banks are paying now its just not worth it, plus too many 'prying' eyes can check your account!

paulbok

The Backwards Man wrote: »

I have a safe in secret location in my house.

It's not a floor safe by any chance?
Are you THAT guy?

Toots

lulu1 wrote: »

My friend tells me that she and her husband keeps most off their savings in the house as she fears there will come a time when every penny you have will have to be declared to sw or revenue. She says they has worked hard all their life and if there comes a time that they becomes unemployed or god forbid has to relay on disability allowance their hard earned cash will be taken into account. I said what about the interest you would get on the savings in the banks. She says they would rather do without the interest than maybe lose out big time in years to come

Unless she has the money in a fire-proof safe, she'll be losing out big time if the house goes on fire. Or if she gets robbed.

I've seen a fair few people in work over the years bringing in money from an elderly relative's house (after the relative had died) which had been stashed away in various nooks and crannies. I think the most I ever took in was €50k from a guy whose mother had just been put in a nursing home. He was back in again the following week when they'd taken the lagging jacket off the tank in the hotpress and found another few thousand stuffed in there.

jester77

That's one thing that really grinds my gears, but it's much worse here in Germany than in Ireland.

Here you get 12 months of unemployment assistance. After that you have to liquidate assets (even your house if it is deemed too large) and use up all your savings before you are entitled to any further assistance.

Yet they guy who just wasted and blew everything and never saved gets assistance right away.

Under the mattress may not be clever, but it's hard to blame people for taking the risk.

Sierra Oscar

You would be surprised by the amount of people that install secret safes in their home, usually taking into account fire protection and the like. Although people often use these to store important documents more so than just cash.

I know someone who hides quite a lot of cash between the pages of books within the home office.

oceanman

jester77 wrote: »

That's one thing that really grinds my gears, but it's much worse here in Germany than in Ireland.

Here you get 12 months of unemployment assistance. After that you have to liquidate assets (even your house if it is deemed too large) and use up all your savings before you are entitled to any further assistance.

Yet they guy who just wasted and blew everything and never saved gets assistance right away.

Under the mattress may not be clever, but it's hard to blame people for taking the risk.

good post..very true

Chattastrophe!

Gran Hermano wrote: »

No one would be able to spend 28k on a coffin if old rural people didn't.

That reminds me of my ex's granny (an old rural person!)

Her husband died fairly young, so she lived alone in this tiny little bungalow. She never seemed to spend money, very modest lifestyle, her weekly bingo was her only luxury.

She used to always tell her daughter (my ex's mum) that when she died, she wanted to be buried in a particular blouse which she kept folded on the top shelf of her wardrobe. She was really insistent about this, and kept reminding her daughter regularly, for years before she died.

The day eventually came when she had a heart attack. The undertaker asked for clothes to put on her for the wake, so her daughter went to get the blouse. €20,000 in cash was stuffed inside it, along with a note saying it was to pay for her funeral - she didn't want her kids to be left with the bill.

Her house had actually been broken into just a few months before she died - presumably the cash was there at the time, as she'd been reminding her daughter about this blouse for years. Whoever broke in got feck all, as she didn't really have anything of value in the house. Would love if they had heard about the money afterwards!

robinph

jester77 wrote: »

That's one thing that really grinds my gears, but it's much worse here in Germany than in Ireland.

Here you get 12 months of unemployment assistance. After that you have to liquidate assets (even your house if it is deemed too large) and use up all your savings before you are entitled to any further assistance.

Yet they guy who just wasted and blew everything and never saved gets assistance right away.

Under the mattress may not be clever, but it's hard to blame people for taking the risk.

They are being rewarded for spending their money and keeping the economy ticking over.

People saving cash under their mattress to be eaten by rats is not benefiting anyone.

lulu1

Years go an elderly man who we knew well asked my husband to do some work for him. When it came to paying he told my husband to go to a press in the bedroom and take what he was owed. My husband says there must have been 10.000 euros in it and as well as that about 5000 in old punts and even older currency. He told the man that he would need to get the money changed. Of course my husband was the one who had to go to the bank. It wasn't easy trying to explain where he got the old money he just said he did work for an elderly man and that is how he paid him. He was lucky they changed it

Fran1985

robinph wrote: »

They are being rewarded for spending their money and keeping the economy ticking over.

People saving cash under their mattress to be eaten by rats is not benefiting anyone.

I've money "under my mattress", not in anyway a huge amount, not even a modest amount, but a few bob that i've managed to save.

I can safely say, as a normal person who doesn't allow rats into his bedroom, it wont be getting eaten by rats

robinph

Fran1985 wrote: »

I've money "under my mattress", not in anyway a huge amount, not even a modest amount, but a few bob that i've managed to save.

I can safely say, as a normal person who doesn't allow rats into his bedroom, it wont be getting eaten by rats

Do you allow the rats into the rest of the house then?




It's still not doing anything being under your mattress other than decomposing.

FloatingVoter

I always keep about €200-300 stashed in the house. On one hand its there in case I get woken up by a burglar with a knife. It has also saved my ass on occasions like Christmas when half the banklinks in the area run empty.
Keeping larger sums on the premises is only inviting trouble.

Fran1985

robinph wrote: »

Do you allow the rats into the rest of the house then?

It's still not doing anything being under your mattress other than decomposing.

No, no rats or mice or vermin of any kind in the house. The money wont be there long enough to decompose, unfortunately. Usually when i start to have enough put aside to get a bit comfortable, the car will need repairs or some expense will come in and suck all that money. I suppose that's what it's there for really.

DamagedTrax

i keep all money in a safe in the house. i use a 3v card for any internet purchases. i havent had to deal with a bank in 6 years and ive no plans to change that.

lulu1

robinph wrote: »

Do you allow the rats into the rest of the house then?




It's still not doing anything being under your mattress other than decomposing.

It is keeping the op happy in the knowledge that it is there if they need anything. Might as well be there as sitting in a bank getting an insulting amount of interest a year. As for the rats I reckon they are the ones who try to take every penny off you when you most need it.