How to properly store money at home and in your wallet

Storing money at home

Let’s first look at the most popular option, that is, storing your finances at home. Among the positive aspects of this method, it is worth noting that your finances are always at hand, you can constantly touch them, count them and be glad that, regardless of problems with banks, your money remains with you.

Naturally, there are also negative aspects, and very significant ones. Thus, ordinary home storage of funds involves the notorious glass jars, socks, stashes under the rug, in the freezer, in a flower pot and in other equally original places. Usually all this is done to prevent cunning and shrewd attackers from finding precious savings. However, in practice, it is in such places that the villains are looking for your belongings.

If, despite everything, you decide to keep your savings at home, then it is worth advising you to purchase a modern, durable safe, with various levels of protection, which will be built into the wall and reinforced with concrete.

Where to hide money

1. In an envelope taped to the bottom of the kitchen cabinet.

2. In foil, placed in the freezer among the food.

3. In a sock at the bottom of the drawer where socks are stored.

If you ask the question where is it easier to hide money: in a private house or in a hotel, in an apartment or in an office, then most people will probably answer the first, but this is not so.

* Socket.

Every sane person will not put his life in danger, which means he does not intend to climb into an outlet.

You just need to turn off the power, unscrew the plastic cover from the socket and find a hole where you can hide jewelry and money. It is advisable to wrap everything in rubber cloth.

Of course, such a hiding place should not be used by those who have little understanding of electrical engineering.

* False socket.

Place money and/or jewelry in a small box and place it in the wall or behind a non-working outlet.

* Float in the toilet cistern.

This toilet part is in a barrel and is made of plastic, and its size is approximately the size of a fist. If you carefully roll up the banknotes, you can hide them in the bin. First, turn off the water, then unscrew the toilet part.

Banknotes will have to be inserted one at a time. If you find it troublesome to do this, you can cut the float, then put money in it, and use a lighter or superglue to glue the seam.

The disadvantage of this method is that it will not be easy to get savings. In addition, there is a risk that your actions may interfere with the normal operation of the toilet.

* Tabletop.

If you remove the sides of the tabletop, you can use a drill to make several holes on the side. Next, using a file, make a small rectangular hole for storing money.

Storing money in a bank deposit

For many people who want not only to save money, but also to actually increase it at acceptable risks, this option will seem optimal.

The positive aspects of this option include the work of money itself, that is, when you open a deposit, you receive interest rates. And even if the funds are in a regular bank account, the likelihood that they will be stolen from you in any way is significantly reduced.

What can be said about the disadvantages of this option? If you have been taking a closer look at the banking environment for several years, you understand well that even the most eminent and seemingly reliable banks can also stop working, declaring themselves bankrupt. At the same time, the vaunted insurance from the state is, at best, enough for half of all depositors. It is better to tactfully remain silent about the difficulties of obtaining this insurance. Also, if you need to withdraw part of the money, this becomes impossible until the end of the deposit period.

Savings insurance programs

This is another popular option for where to store money, the positive aspects of which include the reliability of instruments for long-term storage of your funds, while at the same time the ability to protect the health and life of the investor.

Speaking of disadvantages, it is worth noting that such programs, as a rule, are open for 10, 15, 25 or even more years, and if terminated early, you may be assessed very significant penalties. The profitability of such savings programs is relatively not high, but it is guaranteed.

Current bank account

The simplest option for storing money is to open a current account with a banking organization. It differs from a traditional bank deposit in its liquidity, that is, at any time you have the opportunity to withdraw the required amount, transfer your funds and immediately pay for purchases if necessary.

Among the advantages, it is worth noting that if you lose your card or it is stolen, you can quickly block it and make a new one within a short time, and your money will not disappear from your account.

True, the profitability of such a current account is lower than in a traditional bank deposit. So, it is unlikely to exceed 6–8% per annum. Naturally, this option is characterized by the same risks of banking organizations, which, although not great, are still present.

Red wallet

The best place to store money is considered to be a red wallet - according to supporters of the teaching, this color attracts finances. When choosing a wallet, close attention should be paid to the material and size:

The material must be natural - for example, leather or suede, because... only wealth attracts wealth.
Money should be comfortable, so it is not recommended to bend it. Accordingly, it is necessary to choose a wallet of a suitable size so that the bills are in a straightened state. Crumpled, torn, carelessly folded money does not allow the energy of financial well-being to circulate.

It is also recommended to store paper bills and coins in separate compartments. When using bank cards, they are also advised to be kept separately with money. The wallet should not be left empty - it should always contain finances, even if only a small amount. The energy of wealth disappears very quickly from an empty wallet, and it is very difficult to return it.

It is not recommended to store foreign objects (for example, photographs of relatives) in a wallet, because they disrupt the flow of financial energy.

You will be interested in How to choose a wallet according to your zodiac sign so that it contains money?

Storage in precious metals

Perhaps this is one of the most effective and oldest options for preserving savings, which protects you from various types of inflation and crises - both within the state itself and on the entire world market.

Where to keep money at home or in a bank.

A famous phrase from the comedy film “Ivan Vasilyevich is changing his profession” comes to mind. Georges Miloslavsky calls for keeping money in a savings bank. The slogan, which has become an advertisement over many years, has every reason to be a call to action. Moreover, banks offer very interesting and profitable options for storing money:

On a bank card. The easiest way to store money. Just don’t withdraw a certain amount, and after a while you will have the required amount of money on your card. The best card for this is the card on which you receive your salary. A credit card will incur a service fee. And you don’t need any extra expenses. The disadvantages of this storage include possible loss of the card and a long recovery procedure. Add to this the increasing incidence of fraud. When in some way they can find out your card password or the number of the card itself and transfer your funds to their accounts through online banking.
In a safe deposit box. The bank's security system is one of the most reliable. Therefore, you do not need to worry about the money that you deposit in a bank safe. However, you will have to fork out money to rent this very safe deposit box.
In deposit. Each bank offers its own options for long-term deposits. You can deposit money with the possibility of replenishment, with or without withdrawal. The interest accrued by the bank on your funds helps slightly compensate for inflation.
In securities. This option is suitable for those who are ready to carry out serious analytical work regarding the purchase of certain shares. And be prepared for the risks of stock depreciation.
In currency. Placing your funds in foreign currency accounts is only possible if you carefully monitor currency market fluctuations, analyze and capture all the nuances.
In precious metals. An effective way to store your money, since precious metals are most protected from inflation, crises and other unpleasant surprises. However, when converting money into gold, the question arises: where to store the bullion. And we have to return to where we started.
In real estate, land. If you like this option, we advise you to find out what to look for when buying an apartment in a new building. In the future, by renting out an apartment, you will be able to receive additional profit. However, in addition to income, do not forget about the costs of maintaining housing that you will have to bear.
Electronic. Despite the security of this popular type of storage of funds, the state or private companies are not averse to receiving additional taxes from your electronic wallet. Therefore, when trusting funds to an electronic system, keep your eyes open so that you do not have to pay extra commission.

It’s worth saying right away that storing money in banks using any of the proposed methods only makes sense for long-term savings. For example, if you are going to raise money for your child's education. Thanks to the invested (deposited) funds, you will not only save, but also increase your funds. But if you are collecting money for a new phone for your child, then it makes no sense to open a deposit in a bank.

That is, the choice of where to store money is primarily influenced by your desire and purpose of saving.

Bank safe deposit box

Today, every bank provides similar services. It is worth recognizing that they have become very popular, although they differ in both positive and negative aspects.

Among the advantages, it is worth noting that the client is given a safe deposit box for a specified period, and in the banking institution itself the entire security system is organized at the highest level, so there is no need to worry about the safety of money once again. It is also worth adding complete anonymity, which all banks follow.

The negative aspects include the fact that a person has an unnecessary expense item - paying for the rent of a cell. So, if you can check the same home safe at any time, then the availability of your safe deposit box is somewhat limited, and you can only access your savings during working hours.

At the same time, you need to choose a reliable bank with a positive reputation and famous investors, which guarantee the stability of its work. It is also mandatory to sign an agreement to insure the contents of your safe deposit box.

Fridge

It is believed that the kitchen is a favorable place for storing finances, because... It always feels warm and cozy. At the same time, supporters of the doctrine note that money should be kept as high as possible, because It is at the top that the energy of wealth is most concentrated. It is not recommended to place money near the stove, because... fiery energy can negatively affect financial flow, as well as near the refrigerator - there, on the contrary, it can “freeze”. However, some feng shui proponents take a different position, arguing that the refrigerator is ideal for storing savings.

It is also recommended to exclude the proximity of money to garbage, dirty, broken objects and wilting plants.

Storing money in electronic currency

Nowadays, a lot of people keep their savings electronically, because unlike physical banknotes, it is extremely difficult to steal electronic money, since several countries and international organizations are working on the security system. And to open an electronic wallet, you just need to go through a simple registration procedure and top up your account with the currencies that you need.

Positive aspects - you have the opportunity to quickly replenish your electronic wallet and just as quickly withdraw money, transferring it to any currency. Also, using an electronic wallet, you can pay for various purchases without leaving your home.

Recommended e-wallets:
Payeer is a multi-currency electronic wallet (USD, RUB, EUR, BTC, ETH, BCH, LTC, DASH, USDT, XRP), internal exchanger and stock exchange, many input and output methods, virtual and plastic cards.
AdvCash is a multi-currency electronic wallet (USD, EUR, GBP, RUR, UAH, KZT, BRL, TRY), internal exchanger and stock exchange, many deposit and withdrawal methods, virtual and plastic cards.

Among the disadvantages, it is worth noting that many government and private structures often try to generate income from such electronic systems. In this regard, it is necessary to be prepared for such unpleasant situations as closed access to an electronic wallet, increased transaction fees, and dependence on currency market fluctuations. Of course, this doesn’t happen every day, but such circumstances are still worth keeping in mind. Where else can you store money?

Savings in securities

Today there is a whole category of people who do not trust either banking organizations or investing money in precious metals or real estate (in case they get burned). That is why they prefer the option of investing their capital in securities - various bills, shares, bonds, as well as mortgage securities.

Such savings will not simply be lost, since they are protected by the company’s property, and if the transaction of the company whose securities you bought was successful, then you can make a good profit.

Of course, this also has its negative sides. Shares can either increase in value or decrease in value. If your property turns out to be a small part of such shares, with the help of which you are not able to influence the general decision of the shareholders, then you largely depend on the decisions of the entire shareholder council, as well as on their methods of conducting transactions, which may not always give positive results. and desired results. And again, do not forget about the high risks that are always inherent in the securities market, because many of your assets can depreciate quite quickly.

Cells in a bank

Not all people are inclined to trust banks, but, nevertheless, they are also concerned about the question of where to store their money. Storing money, gold and jewelry in a bank safe deposit box is becoming increasingly popular among those people who are frightened by sharp fluctuations in exchange rates. Many people believe that this method helps to increase the level of safety of money and valuables, and also not to worry about their safety.

But this option also has its limitations, since storing money in a safe deposit box cannot be considered completely safe. If a safe deposit box is opened by attackers, the guilt of employees of a banking organization can only be proven through court. The agreement concluded with her must include a clause stating whether the bank is responsible for the safety of the contents of the cell, so it should be read especially carefully.

Photo from the site: Kievvlast.com.ua

Other options

In addition to all of the above, quite popular options for storing money are purchasing expensive acquisitions (real estate, car, jewelry, land). The advantages here are obvious - the same apartment and land plot can be rented out. And by car it is possible to give rides to people and deliver goods for money.

Another thing is that all this also needs to be managed wisely. The car may break down, repairs need to be made to the apartment, plus, ideally, all this needs to be insured. In addition, such options are relevant only in the long term and in the presence of fairly large capital.

Living room

The living room is also a good place for money, because... This is where people are found most often. But at the same time, you need to take into account a number of nuances - it should be a well-lit place, decorated in green, purple and/or golden tones.

In conclusion, it should be noted that the most unsuitable places for money are places near windows and doors, where the strongest leakage of financial energy occurs. Also, feng shui supporters do not recommend placing financial resources in the bathroom - the water element will have a negative impact on cash flows, and they will also flow into the sewer.