A Burglar’s Advice On Hiding Money

We’ve already shown you where and how to safely hide cash in your home, but if you really want to learn how, why not ask the expert? The following are some dos and don’ts of money storage courtesy of a former burglar.

Photo by Tracy O.

Money weblog SavingAdvice spoke with a former burglar about how best to avoid getting swindled. Said burglar noted that “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,” which is why the post advises that, in addition to your hiding spots, it’s best to leave some money out in obvious places if, say, you’re heading on a vacation and are concerned about would-be thieves.

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.

The post also outlines some default places where burglars often look for goods. These include toilet tanks, cereal boxes, refrigerators and freezers, medicine cabinets, and your bed, so try not to leave valuables there.

The Best Place to Hide Money: Conversations with a Burglar [SavingAdvice]