What are the problems with keeping your money in your mattress rather than a bank?
by 
keithold thanks all baggers
ANSWERS: 20
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lol, I imagine it might be hard to sew the darn thing up each time you wanted to get a bit of cash out of it !! LOL
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Well, if you have a fire in your bedroom...bye, bye cash.
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because if you don't have enough money you don't have a mattres
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Ask the Israeli woman whose daughter bought her a brand new mattress and threw out her old one which contained all her money - which she claims to be around $1 million.
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Money loses its value as inflation occurs, which it has done steadily over the years. Inflation is the cost of goods and services increasing over time. So, the dollar you have today in 10 years will buy less than a dollar's worth of goods in 10 years. Banks pay you interest to use your money when it's deposited there. The interest will not only counter the effects of inflation but earn you more money over time. That's why people put their money in banks, and not under the mattress.
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Flood, Fire, Mattress Thief, The Fact that under the matress is likely the first place people would look for "stashed" money, A mattress "no matter how much you paid for it" will not make your money accrue interest.....
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Matresses get disposed of, burn in fires, etc.
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It can be stolen, destroyed by fire or other natural disasters, and it does not earn interest.
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Too many sleepless nights.
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If you pee the bed then you have to start "laundering" your money.
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Well, safety and when applying for finance, it needs to be in the form of a bank statement, so you need money in the bank to get finance...sounds dumb, but who knows how the world works anyway! thats just on issue! and you cant just deposit the money in the bank at one big go...it raises red flags, regular deposits are what they look for, as for interest vs bank charges...the bank wins..always!
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fires
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keeping the money under mattress won't generate any interest.
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Bedbugs always eat money. Bankers sometimes do, but when they do it you're insured by the FDIC.
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dont have either,but preffer mattress as am not giving some low life to gamble with it and either loss or he makes loads out of
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Bulkiness. I have changed my $100 dollar bills around several times, but they keep staking up in the wrong places. I guess i am going to have to change to a waterbed.
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The mold and mildew would destroy the money.
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Easier to lose.
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Can't believe nobody said this..if you keep the money at home and it's stolen you are out of luck. If it's in the bank it's insured
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Are you serious? Isn't the answer obvious? Banks are for safety!
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