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HomeThe Messy DrawerHiding Money at Home Can Bring A Wealth of Woes

Hiding Money at Home Can Bring A Wealth of Woes

Recently I was interviewed by MSNBC for an article, “Money Hiders Risk A Wealth of Woes, Feelings of economic insecurity can lead to cash stashing“.

Most people have some cash available at home. However, I have found clients do not always take appropriate steps in securing their cash. As quoted in the article by MSNBC, I said.

“I’ve found money taped to the back of headboards, in clothes pockets, under loose floorboards, in fake books, and in shoe boxes,” says Scott Roewer, a certified professional organizer from Washington, D.C., who also does estate sales. “It’s amazing what people come up with to hide their money.”

trash-3Perhaps you’ve heard the story of a Tel Aviv woman who purchased a new mattress for her elderly mother and tossed out her lumpy mattress. What she didn’t know is her mother had stored her 1 million dollar life’s savings in the mattress, now buried at the dump.

I work with individuals of all ages, and find that all age-groups hide money. I typically urge my clients with cash or other valuables lying around their house to either deposit the cash in the bank, put the valuables or cash in a fireproof safe, and to tell someone where they’re hidden the items, even if they do it via a note in their will.

“I advise against hoarding cash,” he says. “I’ve seen instances of fire, robbery and accidental death where clients had money hidden but nobody knew and it was gone forever.”

Do you stash money at home or have any interesting stories to share about hoarding cash? What steps have you put in place so your money is not lost, forgotten about, or lost? You can read the entire MSNBC article here.

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Certified Professional Organizer®, Scott Roewer is founder of The Organizing Agency, a professional organization and productivity company devoted to teaching residential and business clients how to increase productivity, save money, and how to live a more organized and abundant life.

An award winning company, in 2013, The Organizing Agency was once again awarded the Angie’s List Super Service award, in 2012 the National Association of Professional Organizers recognized Scott with its top honor, the Founders’ Award, and later the same year, the U.S. Air Force commended his volunteerism, naming him Joint Base Andrews “Hometown Hero.” For more information on Scott’s team and how they can help you, contact the office online or call us directly at 202-249-8330.

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