Posted: 3/3/2008 4:35:10 PM EDT
|
I have been reading from this forum for quite some time (usually daily), and appreciate all of your knowledge. I have taken countless ideas and concepts and applied them for my own family. I've decided to finally post a topic in hopes for some advice. I need some help on storing and keeping cash safe in my home. I have always kept a small amount of cash at home. My main concern is fire or water damage. The location for this in a cement basement/crawl space. It would take a person considerable time to locate this, so I am not concerned about robbery. I have a small sentry document safe now but would like to go a little more. I have thought a lot about taking a large ammo can and make a fireproof box out of it using cement and a bit of creativity. I am not sure that this would work. I am open for any other ideas. It's nice to have a place to read up and prepare for the unexpected thanks |
|
Why not just a larger safe that is bolted to the floor ? I dont have any faith in the small sentry safes as you can just pick it up and walk away with it.. but a larger safe that is in a tight hard to find, hard to get to spot in my opinion is good because its not moveable and still water and fire proof.  You can buy safes that are made to mount directly in concrete .. but expensive.
|
|
I put mine in with my firearms in the big fire proof (resistant) safe. I live 3 blocks from one of the cities many manned fire stations. At one time I had too much cash in there and have been spending it down a bit at a time to bring in down to a more reasonable level of paranoia. Rather than making the trip to the ATM I just make a local withdrawl. |
+1. A safe which is fire-rated for a minimum of 30 mins @ 1200F should do the trick. Keep the smaller sentry on a top shelf in the safe and short of a Katrina like flooding incident, you should be fine. |
|
Ok, well there would only be one suspect. |
|
Seriously, inflation will "decrode" the value of paper money regardless of how it is stored. Mattress stuffing is a sure loser. Demolition crews find peoples "stashes" of cash and other than the collector value of good condition old bills, the face value of the "stash"...what was a lot in the past...is laughably small in today's present value dollars. My 2 cents. [When that phrase was "coined" it was a small but meaningful amount of money. It used to buy a kid a buy a decent amount of candy. Today, it sits in a dish next to the cash register "give a penny, take a penny", worth more for the metal (even thought THAT has changed too) than its face value.] |