Where Are Your Savings Safe?
Events on the global financial market in the last few years warn us that cash should be more appreciated than ever. In line with that, saving money means that you take your life seriously and you do not want to leave anything to chance. However, having some cash at your disposal can actually be a real burden if you keep it at home. On the other hand, the whole bank system can vanish over night. So, where should we keep our saved cash?
Round the house
Most people are suspicious about saving their precious money in banks or investing in life insurance, so they decide to keep their money at home. When thinking about proper places for keeping money within an apartment or a house, it is not only the matter of anti-theft safety, but also the issue of making that money fire- ant water-proof. Some statisticians claim that amateur thieves scarcely check the kitchen, or if they do, they look for valuable cutlery. So, you could put the money in a fire-proof envelope and stick it on the outside of a bottom of a kitchen drawer, to be able to reach it from the other side could be the best place in the entire home.
If you have a substantial amount of money, you should apply a multi-place approach. This means that you can save one part of your money in the house, like in the kitchen or any other appropriate in-house areas. The rest of the money should be scattered to different accounts, like a current account, a fixed-rate savings account and a life insurance account. Also, some people start lending their money to friends, in order to keep its flow and expand the tactic of saving it in several different places. What is more, others even turn lending money into business and do it with interest rates.
Valuable personal items
The great thing about money is that it can take various forms. Thanks to its transforming superpowers, you do not have to keep the bills, but go and buy some valuable items that will retainthe appropriate value of money. For instance, you could start buying valuable knives. This market is pretty lively and you can trade them with people from the whole world. Similarly, some people decide to invest in jewelry. Gold and silver are always smart options, which keep the value of the invested money. You could go even one step further and buy silver bars to ensure your money is safe.
Those who would like to try their luck should direct part of their savings to stock trading business. Today it is not that complicated anymore. You can trade shares on your own, on the Internet, or hire a brokerage company to do that on your behalf. It is important to understand that this is business and not a mere money-saving scheme. However, if you play your cards nice and easy, you could make some additional money and increase your overall savings.
Whatever you decide to do with your money, always inform your spouse, partner or family members. Only that way will your money will be truly safe. In case something happens to you or a natural disaster strikes your home, they will be able to save the money and your money-saving efforts.
About Author: Dan Radak is a web hosting security professional with ten years of experience. He is a coauthor on several websites and regular contributor to BizzMark Blog. Currently, he is working with a number of companies in the field of online security, closely collaborating with a couple of e-commerce companies.