What should you do with that emergency savings fund money you’ve been accumulating?
I don’t know. Why don’t you just keep it under your mattress? That’s probably the best idea.
April fools! (Sorry, just couldn’t resist.)
No, no, no…a thousand times NO! Please don’t keep your emergency savings fund money under your mattress. That’s one of the worst places to keep cash around the house. Under the mattress or the bed will be one of the first places a burglar looks for valuables.
Now there is nothing wrong with keeping cash around the house. You might need some for a spur of the moment issue. Banks aren’t always open and you might not be able to get to an ATM. But you don’t want to keep the emergency savings fund around the house.