Carpon
Valued Contributor
There are numerous ways that one can save money and depending on the type you find better and safer, you can choose literally any of them. But saving money in cash at home may be very risky and unsafe because of the following which I find to be risky about it.
The risk of losing your funds in cases of theft is very high when your money is saved in cash and kept at home. Thieves can easily get hold of it without much stress. Therefore, it is unsafe.
Moreso, if you are not able to find a very good place to keep it, it can get exposed to some things such as moisture, rodents and etc which have the potential of damaging it. And with the climate change witnessed these days, flooding has become very common and money will just get carried away or torn into pieces as a result of that.
The risk of losing your funds in cases of theft is very high when your money is saved in cash and kept at home. Thieves can easily get hold of it without much stress. Therefore, it is unsafe.
Moreso, if you are not able to find a very good place to keep it, it can get exposed to some things such as moisture, rodents and etc which have the potential of damaging it. And with the climate change witnessed these days, flooding has become very common and money will just get carried away or torn into pieces as a result of that.