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? ›

Where to safely keep cash at home. Just like any other piece of paper, cash can get lost, wet or burned. Consider buying a fireproof and waterproof safe for your home. It's also useful for storing other valuables in your home such as jewelry and important personal documents.

Where would an old person hide money? ›

“Some common places for hiding valuables are behind wallpaper, inside couch and chair cushions, or behind loose bricks around fireplaces. People also like to hide valuables under steps, siding, and shingles.”

How to store cash at home safely? ›

That being said, the following detailed tips are worthwhile considerations for those who want to best protect their at-home cash stash:
  1. Select a Secure Location. ...
  2. Use Tamper-Evident Bags. ...
  3. Be Discreet with Your Storage. ...
  4. Place Cash in a Liberty Cool Pocket. ...
  5. Use a Dehumidifier. ...
  6. Place Cash in a Waterproof Container.
Sep 19, 2023

How do I hide money in my room? ›

In the walls. cut a hole in the wall and put the cash in it, then plaster it over and paint it again and put a painting over it. if you need easy access to your cash, though, maybe cut out a little square hole underneath the bed and put it there inside a safe, then cover it with the carpet or flooring.

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

The government has no regulations on the amount of money you can legally keep in your house or even the amount of money you can legally own overall. Just, the problem with keeping so much money in one place (likely in the form of cash) — it's very vulnerable to being lost.

Where should you keep large amounts of cash? ›

7 places to save your extra money
  • 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 thieves look for money in your house? ›

Aside from safes, drawers are also prime hunting spots. People tend to put cash, personal documents, and essential items within easy reach. It's best to invest in high-quality locked drawers to deter theft.

Where do grandmas hide money? ›

Some may stash rolled up cash in pill bottles and hide it just under the soil. Or, the entire plant may be in a much too-large pot allowing for storage space under a smaller pot that is holding the plant. Another common place to stash valuables is in shoes.

Where do people with dementia hide money? ›

Cash in the cookie jar (or under the mattress, behind pillows, in books) is a red flag that dementia might be making your parent suspicious enough to hide money. The risk is that your parent might not be able to find the money when he or she needs it.

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

“It [varies from] person to person, but an amount less than $1,000 is almost always preferred,” he said. “There simply isn't enough good reason to keep large amounts of liquid cash lying around the house. Banks are infinitely safer.”

Should you stash cash in your house? ›

Financial advisors recommend keeping physical cash at home in the event of an emergency or natural disaster.

Why wrap money in plastic? ›

In addition to being non-destructive when used as banknote packaging, the plastic wrap has other benefits. You can write on it, you can see through it and it can be removed with a simple bag slicing tool that is inexpensive, safe and will not damage the banknotes.

Where not to hide money? ›

Hiding Places to Avoid:
  • areas that can damage your valuables with water or invasive matter, such as the water tank of a toilet, inside a mayonnaise jar that still has mayonnaise in it, or a paint can filled with paint. ...
  • a jewelry box. ...
  • your desk drawer, bedside drawer, or underwear drawer. ...
  • inside CD cases.

Where to hide a large amount of cash? ›

A closet: “Closets are relatively common hiding spots, but they lack the security features of a safe,” Ryan said. “If you choose this option, keep your cash well-concealed and not easily noticeable.” A water tank: “While it may seem inconspicuous, storing cash in a water tank presents several risks,” Ryan said.

Where do people keep cash at home? ›

Additionally, the Life And My Finances survey found that Americans have a few favorite spots for hoarding their cold hard cash. Here's where they're most likely to stash it: In a safe: 63.3% Inside the refrigerator: 13.3%

Where should money be kept in the house? ›

According to Vastu Shastra, the lord of the north direction is Kuber, also known as the god of wealth. Therefore, money or safe locker should be kept in this direction of the house. By doing this, there will never be any shortage of money in the house.

What is the safest place for large sums of money? ›

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

Where is the best place to put cash money? ›

  • Savings Accounts.
  • High-Yield Savings Accounts.
  • Certificates of Deposit (CDs)
  • Money Market Funds.
  • Money Market Deposit Accounts.
  • Treasury Bills and Notes.
  • Bonds.
Feb 27, 2024

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