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Protecting Your Money: Safety Tips on Concealing Your Hard-Earned Cash

Your hard-earned cash will always be one of your most prized possessions. Of course, you wouldn’t need to spend it all in one go, many of us would prefer to set aside an amount, to save up for any future needs or wants. With that in mind, there are countless ways of protecting our savings from many predatory scams or perpetrators. Yes, they may be getting smarter by the minute, but stepping up your game and being creative with protecting your money may deem useful and advantageous for you in the long run. Here are just a few examples:

1)A strong and sturdy safe.

You may be used to the local concept of “caha de oros,” made familiar by your elders before, but such containers aren’t really reliable anymore, especially as most of them are made from cheap plastic. Modern safes are made of stronger materials, usually metal, and are only accessible by access codes and turn switches. If you’re the type to keep your cash close by, having a safe in your room would be recommended.

2) In a household wardrobe/cabinet.

If you’re not the type to buy up a durable and costly safe, then you may already have a ready-made container at home which may keep your money for you. Some people prefer to keep their savings hidden in their neatly-folded pile of clothes. It may sound weird at first, but having it hidden will always be better than having your hard-earned cash out in the open. Some wardrobe have nifty cabinets in them, unnoticeable at first glance, effective in keeping items you wouldn’t want to others to see.

3) In a make-shift book, in your bookshelf.

This is a crafty way to hide your savings. Take any thick novel or book lying around the house, make sure that you’re no longer going to read it anymore. Take a cutter and five to ten pages in, hollow out the middle, not too wide but good enough to keep bundles and rolls of money. Cut out the middle page by page, until you get to five to ten pages before the end of the book. Take note, this is only effective if you have your bookshelf within your own room. This isn’t advisable if your bookshelf happens to be in the living room or any other part of the house which others may easily have access to.

4) In a very reliable bank.

Those mentioned above may be effective in their own right when it comes to keeping your money safe, but that isn’t always the case. A bank would still be appropriately effective one way or the other. With all of that being said, you’re probably looking for a bank that you’d be able to trust with all of your life’s worth of savings. Look no further than Cebuana Lhuiller’s Micro Savings. Initially offered in our Rural Bank branches, it is now available through our entire Cebuana Lhuillier branch networks. Simply put, you can use your 24K Plus cards at any of our Cebuana Lhuillier Pawnshop and Bank Branches in order to withdraw from or deposit to your savings. With a minimum deposit amount of only P50 and no minimum maintaining balance, it’s incredibly easy to apply for one. You can even check your savings amount via SMS. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.