{"id":12850,"date":"2012-05-29T00:15:36","date_gmt":"2012-05-29T07:15:36","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=12850"},"modified":"2022-05-19T07:49:02","modified_gmt":"2022-05-19T14:49:02","slug":"your-disaster-fund-and-the-best-places-to-hide-money-in-your-home","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id12850-your-disaster-fund-and-the-best-places-to-hide-money-in-your-home.html","title":{"rendered":"Your Disaster Fund and the Best Places to Hide Money in Your Home"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/05\/secrets.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-12866\" title=\"secrets\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/05\/secrets.jpg\" alt=\"\" width=\"323\" height=\"242\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/05\/secrets.jpg 500w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/05\/secrets-300x225.jpg 300w\" sizes=\"auto, (max-width: 323px) 100vw, 323px\" \/><\/a>Most people who have <a href=\"https:\/\/lenpenzo.com\/blog\/id4583-100-words-on-rainy-day-funds-and-emergency-savings-2.html\">emergency and rainy day funds<\/a> use banks to keep their cash safe. However, it&#8217;s also wise to keep a home-based readily-accessible disaster fund in the event a situation arises that makes it impossible to withdraw the cash from those accounts &#8212; especially if merchants become, for whatever reason, unable or unwilling to conduct credit card transactions too.<\/p>\n<p>The trick is in finding the perfect secret place for hiding your cash from burglars and, sadly, even dishonest friends or relatives.<\/p>\n<p>Of course, some places are more secure than others. For example, workmen fixing a broken water pipe in an El Paso, Texas home last year were more than a bit surprised to find almost <a href=\"http:\/\/www.elpasotimes.com\/news\/ci_17407456\">$1 million stashed inside a wall<\/a>.<\/p>\n<p>And while nobody needs a million bucks to tide them over in the event of a local disaster, everybody <em>should<\/em> have enough cash on hand to cover at least a week or two of living expenses.<\/p>\n<p>Burying your cash outside is never recommended because it&#8217;s not only easier to forget exactly where you buried it, but it&#8217;s also prone to decomposition over time.<\/p>\n<p>And although it can be an obvious target for burglars, inside the house you can always &#8220;hide&#8221; your money in a fire-resistant safe along with your other important papers and documents.<\/p>\n<p>But what if you&#8217;re looking to be <a href=\"https:\/\/lenpenzo.com\/blog\/id3976-good-personal-finance-habits-everyone-should-follow-2.html\">a bit more clever<\/a>? Those safes are fairly easy to find and, unless they&#8217;re bolted to the floor, the smaller ones can often be carried off with minimal effort.<\/p>\n<p>A few years ago my pal, the great Linsey Knerl, proposed several good &#8212; and not so good &#8212; unconventional locations to <a href=\"http:\/\/www.wisebread.com\/the-best-and-worst-places-to-stash-cash-in-your-home\">stash your cash<\/a>. Some of the better ones included:<\/p>\n<ul>\n<li>Fake return air vents.<\/li>\n<li>Fake drains.<\/li>\n<li>Fake electrical outlets.<\/li>\n<li>An empty box of frozen food.<\/li>\n<\/ul>\n<p>I particularly like the idea of hiding money in the freezer because it reduces the risk of losing your disaster fund in a fire, but if you&#8217;re not impressed with any of those, there are other options.<\/p>\n<p>A website called <a href=\"http:\/\/www.brickhousesecurity.com\/fake-can-hidden-safe.html\">Brickhouse Security<\/a> offers a panoply of products that allow you to hide your money in plain sight of would-be thieves including safes that look like cans of soda and shaving cream, jars of peanut butter, hollowed-out books and CD cases, landscape rocks, sprinkler heads and even scented candles.<\/p>\n<p>No matter where you keep your disaster fund, just make sure it is made up of mostly small bills because merchants may be unable to make change in a crisis situation; the majority of my fund consists of $5 and $1 bills.<\/p>\n<p>Now I know what the cynics out there are thinking: <em>Why bother? A determined thief is going to find your money anyway!<\/em><\/p>\n<p>True; but that logic still doesn&#8217;t justify making their &#8220;job&#8221; easier for them. I mean, if that&#8217;s how you really feel, why bother putting locks on your doors?<\/p>\n<p>Besides, I&#8217;m not advocating that anyone should be hiding their entire life savings at home &#8212; just enough cash to get through a natural disaster or other adverse situations where, say, the power is out for a relatively long period of time.<\/p>\n<p>Anyway, if you&#8217;ve got a favorite hiding place for your disaster fund, I&#8217;d love to hear about them.<\/p>\n<p>Then again, I guess the burglars would too. Never mind.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: Kate Ter Haar<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most people who have emergency and rainy day funds use banks to keep their cash safe. However, it&#8217;s also wise to keep a home-based readily-accessible disaster fund in the event a situation arises that makes it impossible to withdraw the cash from those accounts &#8212; especially if merchants become, for whatever reason, unable or unwilling [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[459,470],"tags":[],"class_list":{"0":"post-12850","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-family","7":"category-tips","8":"pmpro-has-access","9":"entry","10":"has-post-thumbnail"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Your Disaster Fund and the Best Places to Hide Money in Your Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id12850-your-disaster-fund-and-the-best-places-to-hide-money-in-your-home.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your Disaster Fund and the Best Places to Hide Money in Your Home\" \/>\n<meta property=\"og:description\" content=\"Most people who have emergency and rainy day funds use banks to keep their cash safe. 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