7 Safe Places to Keep Cash Hidden in Your Home (2024)

written by Carol | Managing Money

7 Safe Places to Keep Cash Hidden in Your Home (1)

I started writing this article sitting in the dark with no power after a storm. Fortunately my laptop was fully charged and I have a little USB powered light that illuminates my keyboard. The next morning the power was still out—for hundreds of thousands of people in my state. I needed to do my weekly shopping but the grocery stores were closed. I wanted some produce from the farmers market, but had no cash. The ATM machines did not work. Sometimes, there is just a good reason to have a bit of cash hidden in your home. I think this is one of them. But where would you keep it? Here are seven places to consider.

1. Taped to the inside of a dresser.

Thieves may look in your sock drawer, but will they dump it and look underneath? Or how about taped to the inside back of the dresser where you can’t see unless you pull the drawer all the way out? Put your cash in an envelope and tape it there.

2. A hollowed out book.

This classic hiding place is not such a bad idea for the book lover with lots of book shelves in his home. Simply choose a hardback book that you don’t care to keep and cut the center of the pages out with a razor blade. Put your envelope of cash in the hollowed-out section and place the book back on the shelf.

3. A fake electrical outlet box.

You can purchase fake electrical outlets that open to reveal a hidden box. It is just the right size to hide some cash and a few pieces of jewelry. This item normally comes with a template for you to use to cut a fresh hole in your drywall, or you could replace an outlet that you do not ever use. If it doesn’t match your other outlets, you can switch out the front plate. If you like this idea, Brick House Security offers a wide range of diversion safes that resemble everyday objects like hairbrushes, shaving cream cans, or dog food containers.

4. A package in the freezer.

Save a frozen vegetable bag. Fill it with a few packing peanuts and your cash in a zip shut bag. Twist tie it shut as you would any other half-used bag. Hide it in the back of the freezer—as though it was forgotten. No thief is going to want your half-bag of old broccoli cuts.

5. The bottom of your flour canister.

Place your cash in a zip shut bag and put it in the bottom of a canister. Then put your sugar, flour, or cornmeal on top. The only downside is that you have to dump your flour into a bowl to retrieve your money.

6. Inside your plumbing access door.

Most bathrooms have a little door that is screwed on the wall at the drain end of the tub. Sometimes this is hidden inside a linen closet. This opens to a shaft that will run the height of your house (attic to basem*nt) to house the piping. You can install a little shelf inside and above the opening so that it is not visible unless someone sticks their head inside. This is an ideal place to hide a little fireproof cash box. If there is not enough room to install the shelf, simply tape an envelope of cash to the inside wall.

7. In the toilet.

Seriously, put your money in a mason jar and submerse it inside the water tank of your toilet. I like this idea because you can always access your cash without everyone in the house watching. Simply excuse yourself to the powder room and slip it into your pocket.

I should mention a couple words of caution to anyone contemplating hiding money in their home. First of all, tell your spouse or someone you trust where it is. If something happened to you, they may need that money. Secondly, do not hide cash in something a thief would steal anyway—like inside of electronics or in your car. Also, don’t hide it in something you might get rid of without thinking—like a suit coat pocket or the inside of a shoe. Lastly, except for the freezer, none of these ideas will protect your valuables in case of a fire or natural disaster. If that is important to you, use a fireproof safe that is professionally bolted down.

What about you? Have any other ideas for stashing your cash? We’d love to talk about it in the comments below!

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7 Safe Places to Keep Cash Hidden in Your Home (2024)

FAQs

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

7 ideas where to stash money at home to feel safe
  • The safe as the safest way to store cash at home. ...
  • Make a place for the money in an old, thick book. ...
  • The toilet cistern – a place where no one looks. ...
  • Plush toy in the children's room. ...
  • Hide money in the freezer drawer. ...
  • Desktop computer case. ...
  • A stash under a flight of stairs.

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

There is no law in the United States. Anyone can store as much cash as they can fit in his or her home. The problem with storing money at home, is that it is impractical.

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.

What is a safe amount of cash to keep at home? ›

In addition to keeping funds in a bank account, you should also keep between $100 and $300 cash in your wallet and about $1,000 in a safe at home for unexpected expenses.

Where is the best place to keep money in your house? ›

If you wish for financial abundance in your life, place your lockers or safes in the southwest corner of your home. This area denotes the earth element, ensuring stability. Moreover, the locker in your house should never open toward the west or south directions. Ignoring this can result in a heavy outflow of money.

Where can I put money so I don't touch it? ›

With that in mind, here are some options to consider.
  • High-yield savings account. ...
  • Certificate of deposit (CD) ...
  • Money market account. ...
  • Checking account. ...
  • Treasury bills. ...
  • Short-term bonds. ...
  • Riskier options: Stocks, real estate and gold.
Mar 25, 2024

Where do old ladies hide money? ›

Under the Floorboards

This is a very common place to hide valuables, especially in older houses.

Where are people most likely to hide money? ›

In a safe: 63.3% Inside the refrigerator: 13.3% In a suitcase: 6.1% In a closet: 5%

Is $1000 a month enough to live on after bills? ›

Getting by on $1,000 a month may not be easy, especially when inflation seems to make everything more expensive. But it is possible to live well even on a small amount of money. Surviving on $1,000 a month requires careful budgeting, prioritizing essential expenses, and finding ways to save money.

How to store money without mold? ›

Use a Dehumidifier

Exposure to moisture can cause paper currency to mold and rot over time, effectively ruining it.

What is the maximum amount of money you can have in a bank account? ›

There is no limit to keeping money in a savings account. You can deposit as much money as you want in it. But, if the amount deposited in your account comes under the purview of income tax, then you will have to give official information about it.

What is the best way to store large amounts of cash at home? ›

Secure places you could use for your money:
  1. Locked drawers.
  2. A lockable bureau.
  3. A secure filing cabinet.
  4. Fireproof lock boxes.
  5. A good-quality safe.
Jul 1, 2024

Where should you keep large amounts of cash? ›

How to Protect Large Deposits over $250,000
  • Open Accounts at Multiple Banks. ...
  • Open Accounts with Different Owners. ...
  • Open Accounts with Trust/POD [pay-on-death] Designations. ...
  • Open a CD Account, or Money Market Account, with a bank that offers IntraFi (formerly CDARs) services.
Mar 17, 2023

Is it safer to keep cash at home or in bank? ›

Where Should You Keep Your Money? A safe or lockbox is a good place to put cash at home for disasters and other emergencies. However, money for everyday bills is probably safer in a bank account.

Where should I keep a large amount of money? ›

Upon receiving a large sum of money, the immediate question is where to store it to earn interest or get a good return on your investment. A savings account is a common choice, offering a secure place to keep your money while earning a decent rate.

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