PennyGem’s Elizabeth Keatinge tells us why you may not want to hide cash at home.
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00:00 So you think you're pretty savvy, stashing cash in secret hiding places at home.
00:08 Well, that might be okay for some emergency cash, but hiding money at home actually may
00:13 have you missing out.
00:14 See, as Money Talks News highlights, you're missing out on free cash.
00:18 Putting money in an interest-bearing account will have it earning more than if it's under
00:22 your drawer.
00:23 You could also be earning even more if you invest it.
00:27 Hidden cash at home is also not FDIC-insured.
00:30 If you lose it, it's just, well, lost.
00:32 Can you tend to be forgetful?
00:34 Well, as U.S. News & World Report points out, you could also forget where you hid that cash.
00:39 Do you want your friends and family to end up searching your home when you die?
00:43 Don't be dealing with enough.
00:44 No need to add a depressing scavenger hunt to the list.
00:47 [MUSIC PLAYING]