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Do you save you money at home or do you place it in a bank? email this discussion to a friend?

myLot reputation of 75/100. laurenrich (107)3 months ago

I myself feel that keeping money at home is not as secure as placing it in a bank. In the bank you can make money on your money in a saving account. It is more secure that it will not get stolen or burned if you have a house fire. What do you do bank your extra money or keep your money in your home?

 
 
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tags:  banking, saving money, money
 
1. myLot reputation of 92/100. highflyingxangel (8975)   3 months ago

Most of my money is in the bank. I only have a small amount of money saved here at home and when I say small, I'm talking under $100. The rest of the money is in my checkings account and then a few hundred is sitting in a high yield savings account.

I realize that saving money at home isn't the wisest idea but I'd prefer to have a small amount of money sitting here at home that's quickly available to me just in case I need a few extra dollars to get through the day. The rest is perfectly ok sitting in my savings account.

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2. myLot reputation of 85/100. kling2388 (1513)   3 months ago

I always put it on the bank. Im not worried if it'll be stolen here at home or got burned. LOL
what i worry about is that, whenever i have money on my wallet, it just slips so fast. I am always tempted to buy stuff which is really not needed. I love shopping. So i see to it that if i have a big amount of money recieved, i place the half of it in the bank. w00tlol

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