Personal Finance Advice has an interesting article on how you can minimize your losses when a burglar managed to break into the house. Here is a snippet:“If I can’t find money and valuables in the normal places I usually find them, I would continue to tear the house apart until I found something. Remember, the first rule is to steal money and valuables. We’ll keep looking until we find something.”
Your best strategy, then, is to actually leave some money in obvious places for the burglar to quickly find (the same applies if you keep all your money in the bank). This can not only save your other stash of money, but may actually keep the burglar from destroying your place as he looks for where you have hidden your money. If they believe they may have found the cash that you have in the house, they are much less likely to keep looking (remember, they want to get out ASAP). In the end, if you hide all your money well, you may win a moral victory in not letting the burglar find the money, but you’ll likely have much more damage done to your place that will end up costing you more in the long run.
His number one recommendation for hiding money was in toys in a young child’s room. As he explained, young children don’t have money, they have an abundance of toys and most parents don’t trust a child around money. Therefore, parents will rarely hide money there. In addition, when money is hidden, it is usually hidden away neatly and securely — a child’s room is rarely a neat place making it an unlikely place for money to be hidden. Plus with all the stuff in a child’s room, it is not someplace that a burglar can search quickly and get out.
Link & Image: Personal Finance Advice via A Welsh View
Tags: Money | Valuables | Hide | Burglar
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