The Worst Places to Hide Money in Your Home | Odd Cents (2024)

When I was younger, I had a neighbor who refused to use financial institutions to save and keep her money safe. Instead, she kept her money outside in her yard in a metal canister hidden in a hole she had dug next to the dog house. Since then, I’ve heard countless stories of people using alternative places to keep their money. Some of them were downright crazy, others were ingenious and others were the worst places to hide money in your home that I’ve ever heard.

The Worst Places to Hide Money in Your Home

Here are some of the worst places to hide money in your home:

Under the Bed

This is probably one of the oldest and most popular places for hiding money. People hide money under the mattress, thinking that it’s safe because they are sleeping on it. My question is, what happens during the day when you are out of the house? Believe it or not, thieves will search underneath the mattress for your hidden treasures. They will also search for any slits in the bed, just in case you stuffed a couple hundred dollar bills between the padding.

Inside a Jewellery Box

Yes, people hide money with their precious, highly marketable valuables inside a jewellery box. The bad thing about this hiding place is that it’s almost always a target for thieves. In a world where gold is still a sought after commodity and there has been an increase in cash-for-gold businesses, you are basically telling the burglar “here is some money along with my gold chains!” You should not keep any precious valuables or money inside a jewelry box or case on your vanity.

Inside the Kitchen

The kitchen is filled with several hiding areas for cash and valuables. But they are not always practical. Freezers, pantries, cereal boxes, tea boxes and coffee tins are some of the more popular hiding places for cash and valuables in the kitchen.Thieves, who are familiar with these hiding places, conduct thorough searches of kitchens and adjacent pantries and laundry rooms if they have time during the break-in. In fact, some of them have become so brazen, and there have been reported cases of thieves cooking food in their victims’ homes during day time robberies!

At The Back of the Closet

Although you might think that it might be out of the way, hiding your money at the back of the closet is not a good idea. The reason is that because many people hide their valuables in the back of the closet, thieves will definitely check your closet for valuables. I’d also advise against hiding money in the pockets of clothing or bags and purses hanging in the closet as well. Burglars always check to see if these items have any money stashed inside of them. If it’s a nice bag that they can sell or keep for themselves, they will steal that too and you would be out of a bag and your money. I remember hearing of a case of a burglar who stole several items including a pair of slippers from a home. When he was finally caught by the police, he was wearing the slippers that he had stolen.

Inside a Drawer

Traditionally a top spot to hide money and valuables, a drawer is one of the worst places to hide money. It’s an obvious place to hide money, which makes it terrible. Ask numerous burglary victims how many of their drawers were pulled out and the contents scattered around. Unless you have an inconspicuous hiding place somewhere in that drawer, forget this idea. Don’t bother to tape cash underneath the drawer either – this has been tried, tested and failed. Even if you keep your drawers locked, thieves are very resourceful. They have been known to walk with their own tools or use tools that you have in your home. A simple screwdriver or hammer is all that’s needed to break a lock or prise open a drawer.

Inside The Toilet

I can think of a couple reasons why hiding money inside the toilet tank is a bad idea. Many homeowners put money in a plastic bag or bottle and put it inside the toilet tank. This particular hiding place is extremely bad because it has been talked about so many times that thieves make it one spot to check in your home.

Inside the Car

Your car is literally a moving target for burglars. Your car can be easily broken into or stolen whether it’s parked at your home or somewhere else. If you think about it, it’s also inconvenient for you to keep your valuables in your car. If you keep your money in the car, you would have to worry about finding somewhere in the car that’s out of sight to hide the money; then you have to find somewhere safe to park the car.There is also the possibility that someone could steal the car, you could get into an accident or the car could be towed away. These scenarios can cause additional stress that you do not need.

Inside a Moveable Safe

It would be extremely easy for a burglar to pick up your moveable safe and take it with him. A good alternative would be to use a large, heavy safe with a sturdy locking mechanism that is bolted down. The thief would not be able to move the safe and it would be a time-consuming pain for himto try to break a sturdy lock or figure out a way to move it.

Is Your Home Burglar Proof?

Burglars often scout homes in their target neighbourhoods before they break into them. They will patrol a neighbourhood several times to get a feel for the area, note habits of the residents and assess how easy it would be to break into a home. If you have lots of vegetation around your home that blocks the view of doors and windows; poor outdoor lighting; weakened points of entry such as broken window panes or faulty locks; live in a secluded area with very few neighbours; or if you do not have any visible security defenses or any active dogs then you are a perfect candidate for a break in.

When a thief breaks into your home, in most cases he is looking for the quickest items that he can grab to make his stay as short as possible. He will check the popular areas first and will try to grab cash, jewellery, small electronics and clothing. When you are looking for somewhere to hide your valuables, do not look for a place where you “think” you as a homeowner would not look. Instead, you should try to think like a burglar and think of somewhere where he will be unlikely to find your valuables or spots where he will definitely check first.

The ideas listed in this post have been tried by several homeowners and have failed. The challenge is to look for an extraordinary hiding place that does not easily come to mind. Take heed though; don’t make it somewhere too extraordinary that you completely forget about it. If you can, invest in and activate a home security system whether it be an alarm system or security cameras, and take precautions to burglar proof the exterior of your home.

To find out how you can burglar proof your home, contact the neighbourhood watch in your community or your local Crime Stoppers office.

If you’ve lost your purse or wallet, the worst thing to do is to panic. Take a look at the steps you should take if you can’t find your purse or wallet.

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The Worst Places to Hide Money in Your Home | Odd Cents (2024)

FAQs

Where do burglars not look? ›

15 Hiding Places Around Your House That Thieves Never Check
  • Make a stash container. ...
  • Stash cash in an open or potted plant. ...
  • Reuse your old vacuum cleaner. ...
  • Use the clock hanging on your wall. ...
  • Use the back of a drawer. ...
  • Make space for a false VHS tape or VHS cartoon. ...
  • Don't throw away your old sneakers.

Where are people most likely to hide money? ›

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. ...
  • The Freezer. ...
  • The Pantry. ...
  • The Bookshelves. ...
  • Under the Floorboards. ...
  • Old Suitcases. ...
  • Closets. ...
  • Bureaus.

How much cash can you keep at home legally in the US? ›

The government has no regulations on the amount of money you can legally keep in your house or even the amount of money you can legally own overall. Just, the problem with keeping so much money in one place (likely in the form of cash) — it's very vulnerable to being lost.

Where is the safest place to keep cash at home? ›

Where to safely keep cash at home. Just like any other piece of paper, cash can get lost, wet or burned. Consider buying a fireproof and waterproof safe for your home. It's also useful for storing other valuables in your home such as jewelry and important personal documents.

What are burglars most afraid of? ›

You may have already suspected it, but studies do confirm that burglars -- around 83% surveyed -- are scared off by signs that an alarm system is present, and one of the most straightforward is a literal sign or window sticker.

What puts burglars off the most? ›

Top 7 Burglar Deterrents to Keep Your Property Safe from Crime
  1. Visible alarm systems. An intruder alarm should head up your priority list if you are looking to prevent break-ins. ...
  2. CCTV cameras. ...
  3. Locked doors and windows. ...
  4. Thorny borders. ...
  5. Lighting. ...
  6. Barking dog. ...
  7. Gravel.
Jun 2, 2023

Where do old people hide money at home? ›

“Some common places for hiding valuables are behind wallpaper, inside couch and chair cushions, or behind loose bricks around fireplaces. People also like to hide valuables under steps, siding, and shingles.”

Where do rich people hide money? ›

Real estate

And in a 1 percenter world, penthouses and waterfront mansions can help protect or launder your fortune. A recent Times investigation into one Manhattan property found that more than 200 shell companies had purchased units in the building, including corporate fronts for 17 billionaires—and Tom Brady.

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.

Is it better to keep cash at home or bank? ›

“It [varies from] person to person, but an amount less than $1,000 is almost always preferred,” he said. “There simply isn't enough good reason to keep large amounts of liquid cash lying around the house. Banks are infinitely safer.”

Is it illegal to have too much cash at home? ›

Having large amounts of cash is not illegal, but it can easily lead to trouble. Law enforcement officers can seize the cash and try to keep it by filing a forfeiture action, claiming that the cash is proceeds of illegal activity. And criminal charges for the federal crime of “structuring” are becoming more common.

Can I deposit 100k cash in the bank? ›

If you plan to deposit more than $10,000 at a bank, remember that the transaction will be reported to the federal government. This enables authorities to track potentially suspicious activity that may indicate money laundering or terrorist activity.

How do you store large amounts of cash at home? ›

That being said, the following detailed tips are worthwhile considerations for those who want to best protect their at-home cash stash:
  1. Select a Secure Location. ...
  2. Use Tamper-Evident Bags. ...
  3. Be Discreet with Your Storage. ...
  4. Place Cash in a Liberty Cool Pocket. ...
  5. Use a Dehumidifier. ...
  6. Place Cash in a Waterproof Container.
Sep 19, 2023

How to store money without mold? ›

Place pictures, valuable coins, jewelry, and other delicate items in airtight containers before storing them in a safe. Store a safe in a dry area of a home or building. Avoid high humidity areas, such as basem*nts. Ensure the airtight seal on the safe is intact.

What is the safest bank to put your money in? ›

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

What really deters burglars? ›

Why Invest in Burglar Deterrents?
  • Home Security Cameras. Our best deterrent for burglars is the presence of an outdoor security camera. ...
  • Outdoor Lighting. ...
  • Smart Video Doorbell Cameras. ...
  • Dogs. ...
  • Security Gates. ...
  • Keeping Open Spaces Around Your Home. ...
  • An Alarm System. ...
  • Get Friendly With Your Neighbors.

Which room do burglars typically search 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.

Where do most burglars enter the home? ›

According to a burglary study by ADT, front door break-ins top the list at 34% with first-floor windows coming in second at 23%, and the back door at 22%. After that, the other methods of break-in drop off considerably.

Where to hide if there is an intruder? ›

Create a designated safe room with a door that locks and heavy furniture you can use to barricade that door if necessary. Always try to escape before engaging with a burglar. If you can't escape your home, you should next try to barricade yourself in a place that locks, like a closet or bathroom. Remain calm and quiet.

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