This is a Poll - With the Economy what it is these days which looks better to you hiding your money under the mattress; a safe if you have one; or putting it in a bank? I know better than to put my $9.00 tax refund under the mattress but with everything I hear and read these days that option looks better and better. Any thoughts, anyone?
Mattress or Bank
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With the hyper inflation sure to come.......I want to do neither.
I was just telling the wife that we need to buy something......some more land or a property while the buying is good and sit on it until we come out the other end of this thing.....whenever that is.
or gold.....there is a little run on gold going on right now ......I am guessing it's for that reason.
What little money on hand is fine in a bank.
I was just telling the wife that we need to buy something......some more land or a property while the buying is good and sit on it until we come out the other end of this thing.....whenever that is.
or gold.....there is a little run on gold going on right now ......I am guessing it's for that reason.
What little money on hand is fine in a bank.
Sandy, I am really serious about this. SU remembers how bad it was in the '30's and WWII when people could not pay his dad for the medical care they received from him so he accepted barter items when they could offer something.
I see young men and women around here robbing banks because they have no hope of finding a job, and have exhausted their income resources. This past week a woman tried to rob a Fast food restaurant except she didn't want money she wanted something to eat. This is horrible and scary.
I see young men and women around here robbing banks because they have no hope of finding a job, and have exhausted their income resources. This past week a woman tried to rob a Fast food restaurant except she didn't want money she wanted something to eat. This is horrible and scary.
If only we could all have our money in the right place at the right time when inflation kicks in.........................With the hyper inflation sure to come
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You must believe in the banks people
*my future depends on it*
*my future depends on it*
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6,114 Posts
I'm thinking collectible Nascar memorabilia.
Seriously, I opened a regular old savings account the other day to put aside money for a vacation at the end of the year. Make a weekly deposit and not use credit for any of it is the plan. Considering the interest rate it was pretty much the same as putting it under a mattress and possibly not as safe.
Seriously, I opened a regular old savings account the other day to put aside money for a vacation at the end of the year. Make a weekly deposit and not use credit for any of it is the plan. Considering the interest rate it was pretty much the same as putting it under a mattress and possibly not as safe.
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10,258 Posts
I think investing in land is the way to go.
We've been doing this for the last year or so. It's really come in handy for lots of different things. And at each pay period- we put whatever we have left in our checking in our savings. It's been nice.
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16,129 Posts
I've started writing letters to Nigerians asking them to allow me to deposit large sums of money in their checking accounts.
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Well I'll say CD's unless you need it liquid. However I would make sure that my CD's were in a well capitalized bank. The strength of the bank is as important as FDIC IMO.
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7,664 Posts
I want to say just one word: plastics!
A cd rate won't even beat inflation if it gets as bad as some folks think it will........you'll be losing money most likely.
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