Take It To The Bank
Stuffing your mattress full of singles may not be the best
If you're anything like me, you tend to spend money thats right in
front of you. This alone is a reason to put your money in the bank. The money in a coffee can
under your bed also is'nt earning any interest. Another perk is that noone is going to steal your money
when its in the bank.
Once you deposit money into the banks its still easy to access but not so easy that you will
spend it on impulse purchases. Most people are going to get money out of the bank to make their car
payment, but probably not to order a magazine subscription from the door to door
While it is true that you will not make much interest on a standard savings account, there
is a difference in NO interest and not much interest. Over time interest does add up though. This
reason alone may not be enough to keep your money in the bank but combined with other benefits you should
come to the conclusion that a bank account is the responsible thing to do.
Another benefit is the fact that in the bank your money is safe and insured by the US
government. I doubt that you have that security by hiding your cash in a shoe box in the back of your
closet. I know that we don't expect to have out house broken into but it does happen. Another
thing to consider is, even though you trust your friends and try to only bring trustworthy people into your
home, people will surprise you. Your best friend probably isn't after your cash but who knows about a
friend of a friend or whatever random person that may make it back to your house after the
Bottom line is that your money is always safer in the bank. Whether your protecting
your money from yourself or others keeping it in a bank is the responsible thing to do.
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