Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Don't keep your money in your mattress
Old 06-10-2009, 07:18 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Don't keep your money in your mattress

BBC NEWS | Middle East | Israel woman bins $1m in mattress

besides the possible fire issues, someone may throw out your mattress.
__________________

__________________
LOL! is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-10-2009, 07:45 AM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,824
Her mother must be furious! I would be.

But, no worries - - in my case, my money that isn't invested is stuffed into a money market account instead of into my mattress. It earns about the same interest (nearly nothing).

Actually, I have been thinking of taking out some cash to keep around the house since I have none, at present. That way if someone breaks in and demands my money I would have something to give him, so that hopefully I would not be shot dead for holding back. Kind of a gruesome reason to keep money around the house, though. Crime here is just over the top.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 06-10-2009, 08:21 AM   #3
Recycles dryer sheets
ratface's Avatar
 
Join Date: Jan 2009
Posts: 212
Talk about not sleeping well the rest of your life. If another 9-11 were to occur the banks could be out of commission for several days and ATM's would not work. Cash is King in times like that and a small stash of cash might get you and the family/loved ones to safety. Food, water and fuel might be at a premium. Last week I stashed $1500 in the bsmt rafters, small bills, just for such a scenario. W2R you will find Mo much quieter, slower, and safer. There are still places in the US where you can leave the door unlocked and keys in the car although I don't live in one of them.
__________________
ratface is offline   Reply With Quote
Old 06-10-2009, 09:03 AM   #4
Full time employment: Posting here.
Moscyn's Avatar
 
Join Date: Mar 2009
Posts: 728
I think we should keep cash representing at least 2 months of our usual cash usage in our homes to cover for usual expenses paid by cash. Having seen runs on banks where the ATM's have run out of cash or have too long queues, I think making sure you have some spare liquidity stashed somewhere is important. Also, I've experience where I forgotten my ATM passwords and have to stretch my dollar over the weekend until the banks open. It happened only once but sometimes it just take one time to learn a lesson.
__________________
Moscyn is offline   Reply With Quote
A Problem with Stuffing Money in the Mattress
Old 06-10-2009, 10:19 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,196
A Problem with Stuffing Money in the Mattress

Tel Aviv search for mattress containing $1M life savings - CNN.com

A woman in Tel Aviv, Israel, gave her elderly mother a new mattress as a surprise gift, throwing out the old tattered bed her mother had slept on for decades. The gesture ended up bankrupting Annat's mother, who had stuffed her savings of nearly $1 million inside her old bed for decades,
__________________
Al
TromboneAl is online now   Reply With Quote
Old 06-10-2009, 10:54 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,389
Quote:
Originally Posted by Want2retire View Post
Crime here is just over the top.
Just another occasion for a song...
Oh mother tell your children
Not to do what I have done
Spend your lives in sin and misery
In the House of the Rising Sun

Well, I got one foot on the platform
The other foot on the train
I'm goin' back to New Orleans
To wear that ball and chain

Folk Ballad - Anon. Author - Popularized by The Animals


__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 06-10-2009, 11:00 AM   #7
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by ratface View Post
Talk about not sleeping well the rest of your life. If another 9-11 were to occur the banks could be out of commission for several days and ATM's would not work. Cash is King in times like that and a small stash of cash might get you and the family/loved ones to safety. Food, water and fuel might be at a premium. Last week I stashed $1500 in the bsmt rafters, small bills, just for such a scenario.
There's a big difference between having a hidden stack of $20s to help you get through (potentially) a period of social upheaval (if it's not enough to cause extreme pain if lost, stolen or burned up in a fire) and a million bucks in the mattress.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 06-10-2009, 11:02 AM   #8
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by Want2retire View Post
Actually, I have been thinking of taking out some cash to keep around the house since I have none, at present. That way if someone breaks in and demands my money I would have something to give him, so that hopefully I would not be shot dead for holding back. Kind of a gruesome reason to keep money around the house, though. Crime here is just over the top.
I've actually done that with some of our valuables and collectibles. I have a fairly well-hidden safe where most of the stuff is, but I have just enough (a few hundred dollars worth) in an unlocked drawer that if a burglar found it, they might assume this is all of it and leave the rest alone.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 06-10-2009, 11:05 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Quote:
Originally Posted by Moscyn View Post
I think we should keep cash representing at least 2 months of our usual cash usage in our homes to cover for usual expenses paid by cash. Having seen runs on banks where the ATM's have run out of cash or have too long queues, I think making sure you have some spare liquidity stashed somewhere is important. Also, I've experience where I forgotten my ATM passwords and have to stretch my dollar over the weekend until the banks open. It happened only once but sometimes it just take one time to learn a lesson.
Yep, I know what you mean. I also keep cash representing at least 2 months of our usual cash usage ..., but that amounts to $0.00. That's right, we don't use cash. Since I use credit cards for everything, all I have to remember is how to sign my name.

And who cares if the banks are out of commission or even if credit cards don't work? You simply drive out of the affected area to a place that all these things work. Simple.
__________________
LOL! is offline   Reply With Quote
Old 06-10-2009, 11:08 AM   #10
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by LOL! View Post
And who cares if the banks are out of commission or even if credit cards don't work? You simply drive out of the affected area to a place that all these things work. Simple.
Assuming you get there before you run out of gas with no way to pay for more...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 06-10-2009, 11:13 AM   #11
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,824
Quote:
Originally Posted by LOL! View Post
That's right, we don't use cash. Since I use credit cards for everything, all I have to remember is how to sign my name.
What if all you want is, say, a container of Tic-Tacs?
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 06-10-2009, 11:33 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 5,163
Quote:
Originally Posted by Want2retire View Post
What if all you want is, say, a container of Tic-Tacs?
I'm a nearly all credit card user too. My way of avoiding the little things like the above is to keep track of what I'm running out of, and get them when I make a Target or WalMart run, or if they're on sale during one of those runs, I'll stock up. With some planning and organization, I rarely make a small purchase.
__________________
RunningBum is offline   Reply With Quote
Old 06-10-2009, 12:27 PM   #13
Full time employment: Posting here.
Kronk's Avatar
 
Join Date: Aug 2005
Location: Philly 'burbs
Posts: 547
Quote:
Originally Posted by Want2retire View Post
What if all you want is, say, a container of Tic-Tacs?
I once put a $0.69 bag of hot dog rolls on my credit card because I didn't feel like bothering with cash. Credit cards work for purchases big and small....
__________________
Kronk is offline   Reply With Quote
Old 06-10-2009, 12:31 PM   #14
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,824
Quote:
Originally Posted by Kronk View Post
I once put a $0.69 bag of hot dog rolls on my credit card because I didn't feel like bothering with cash. Credit cards work for purchases big and small....
I guess my "dying of embarrassment" threshold is a bit low...
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 06-10-2009, 12:36 PM   #15
Full time employment: Posting here.
Kronk's Avatar
 
Join Date: Aug 2005
Location: Philly 'burbs
Posts: 547
Quote:
Originally Posted by Want2retire View Post
I guess my "dying of embarrassment" threshold is a bit low...
That one was in a self-checkout line. But I don't think embarrassment would have stopped me in any event...
__________________
Kronk is offline   Reply With Quote
Old 06-10-2009, 12:43 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,252
Quote:
Originally Posted by ziggy29 View Post
Assuming you get there before you run out of gas with no way to pay for more...
Which happened to a lot of people a couple of years ago here in Houston... but then again, the gas stations ran out of gas...
__________________
Texas Proud is offline   Reply With Quote
Old 06-10-2009, 12:50 PM   #17
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by Texas Proud View Post
Which happened to a lot of people a couple of years ago here in Houston... but then again, the gas stations ran out of gas...
Yep -- I remember it well. I lived in Houston when Rita was approaching. It was nuts. By using a lot of little-known side roads, we got to Austin in less than five hours.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 06-10-2009, 12:57 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
But despite being unable to retrieve the mattress and its hidden fortune, "Anat" appeared philosophical about her loss.

"People have to take everything in proportion and thank God for the good and the bad," she said.

Easy for Anat to say.

There has been no comment from her mother.

Momma is probably planning the demise of Anat.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 06-10-2009, 02:07 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Quote:
Originally Posted by Want2retire View Post
What if all you want is, say, a container of Tic-Tacs?
I charge it. So far my lowest charge amount has been 2 cents. That leaves lots of room to go even lower.
__________________
LOL! is offline   Reply With Quote
Old 06-10-2009, 02:09 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Quote:
Originally Posted by Texas Proud View Post
Which happened to a lot of people a couple of years ago here in Houston... but then again, the gas stations ran out of gas...
Since I live near Houston, I must say I had no sympathy for the folks who ran out of gas. Everybody knows to have a full tank of gas BEFORE the hurricane comes to town. And most folks know not to get stuck on the evacuation routes.
__________________

__________________
LOL! is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Any advice in choosing new Mattress? smileydog Other topics 73 03-23-2009 09:36 AM
Secret Money. Do you hide money from your spouse? Enuff2Eat FIRE and Money 72 07-08-2008 04:13 AM
Best New Mattress Alex Other topics 20 11-21-2006 04:08 PM
Money we've made versus money we have kept laurence FIRE and Money 27 07-14-2006 10:44 AM
How much should a mattress/box spring cost?!? Nords Other topics 54 06-14-2005 11:23 PM

 

 
All times are GMT -6. The time now is 01:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.