So, you have decided to stash your cash in your house instead of at the bank? You’ve come to the right place. Instead of hiding a cache somewhere obvious, like underneath your mattress, where else can you hide it? Specifically, what are fireproof places where you can hide cash?
The fact that you’re asking this question is a good first step. As easy as it might be to stash cash somewhere random, what happens if there’s a house fire? Unlike debit cards, if you cash Burns in a fire, you can’t replace it.
In this article, we’ll go over the top 10 fireproof places to hide your cash and why should seriously consider stashing your cash there. In the unfortunate event of a fire, that fire won’t take your hard-earned money with it.
1. Fireproof safe
The first and seemingly most obvious fireproof place to hide your cash is in a fireproof safe. One thing you need to remember is that not all safes are Fireproof. If you simply search “safe” on Amazon, you would be surprised to learn that most of your search results are not fireproof safes.
If you want to make sure that your cash does not burn in a fire, then the safe to use must be rated fireproof. Make sure you read the description carefully.
2. Fireproof bag
Similar to how fireproof safes work, you can also opt for something a bit smaller. Fireproof bags, as the name suggests, are bags you can use to store your cash and even some of your valuables. If the worst happens, you know your cash stored inside is safe.
3. Toilet tank
Toilets in a fire usually survive because they are made from ceramic (porcelain). This material is very heat resistant, so any cash you store inside the tank will also survive. Just remember to put your cash in something waterproof because you can totally damage or destroy your cash!
4. Bury the cash
If you want to store your cash at home but for a long duration of time, you can consider burying it. Now I know, that sounds crazy, but if you’re adamant about stashing your cash at home but somewhere fireproof, then burying it is a solid option.
Again, this is only viable if you don’t plan on digging up your cash occasionally, so it’s more of a long-term storage option.
5. In your car
Storing cash in your car only works if you live in a relatively safer neighborhood and if it is very very well hidden. The odds of your car burning in a fire a lower than your home catching on fire.
If you are concerned about your car getting broken into or stolen, then this might not be a good idea. However, if your car is usually outside and safe, then it’s a great fireproof option.
6. Wood burning stove
If you have a wood-burning stove you don’t use, this would be a great option to store your cash! Since wood-burning stoves are great at keeping fire inside, it’s also great at keeping fire outside. You can place your cash in a container, then place that inside the stove.
Just don’t forget to check your stove first before you ever light it, in case you forget that you have cash stashed inside.
7. In the freezer
My freezer is another popular place where you can store your cash. Instead of storing it in a regular fridge, I’ll make sure that it is some sort of chest freezer. Chest freezers typically are colder and more insulated than regular fridges. Because of the higher grade of insulation and being physically away from the kitchen, they are a great fireproof place to store your cash.
8. In the garage
In most coronavirus, it is usually just open space and a concrete floor. There’s not too much stuff that can catch on fire such as inside the home. Although this is not as secure as the rest of the items on the list, it is definitely an option if you have a crevice or somewhere secure in the garage you can stash the cash.
Try to store it somewhere isolated and not near things that can burn.
Just like the wood-burning stove, you can store your cash up a fireplace. Since the fireplace is usually surrounded by metal or concrete, it is very fireproof in the event that the rest of your home burns down. You would need to secure it up the fireplace.
Also, remember to double-check the chimney before starting a fire in case you forgot your stash up there. You wouldn’t want to burn your money yourself, unintentionally.
10. False rocks outside
Last but not least, false rocks outside are a great way to store valuables in safe ways. Similar to burying cash outside, using false rocks keep your cash close to your home, but not inside where it could burn down. Always a win in my book. It’s also easier to access since you don’t have to dig up your cash every time you need it.
If you need safe fireproof places to hide your cash at home, then this list will definitely be helpful. Statistically, over a million homes burn down each and every year in the United States alone. That’s a huge statistic. As much as we hope nothing bad happens to us, it’s always a good idea to be prepared.
I would also say that it’s also just as safe to keep your money at the bank as opposed to hiding it in your home. It’s much safer there, and just can’t even earn interest using savings accounts. Food for thought 🙂