Reason no. 1: You will not get ‘free’ money
Hiding money in your house means that you’ll miss out on ‘free’ money. We are referring to interest. Keeping your hard-earned dollars in an interest-paying bank account gives you the opportunity to grow them.
Depending on the bank’s interest rates, you could earn money from ‘nothing.’ So, now, tell us… Do you think it’s a good idea to hide your money between the pages of a book?
Plus, some banks offer high-interest savings accounts that can actually provide higher rates than traditional savings accounts.
Also of interest: 12 Expert Ways Millennials Can Achieve Financial Stability Starting Today
