❗️Under the pillow: safety or risk?

Keeping money "under the pillow" is perhaps the oldest and most intuitive way of saving. When money is at home, it seems that it is always under control, and we can use it at any time. But is it really that safe?

1️⃣**Theft risk:** Keeping large sums of money at home is dangerous. In the event of theft or robbery, all savings can be lost in an instant.
2️⃣**Fires and natural disasters:** No one is immune from accidents. Fires, floods, and other disasters can wipe out all your savings.

3️⃣ Inflation: Money that sits idle loses its value over time due to inflation. This means that in a few years, your savings will be worth less than they are today.

❗️In the bank: reliability and benefits

The banking system has been around for many years and has proven its efficiency and safety. Here are a few reasons why I think that keeping your money in the bank is a smart decision:

1️⃣ Security: Modern banks provide a high level of security. Your money is protected from theft and natural disasters.

2️⃣ Interest: Money in deposits and savings accounts can generate income in the form of interest. This means that your money works for you.
3️⃣ Convenience: Bank cards and online banking make access to your money quick and convenient. You can manage your finances without leaving your home.
4️⃣ Deposit insurance: In most countries, bank deposits are insured by the state. This is an additional guarantee of the safety of your savings.

❗️My experience

Personally, I prefer to keep my money in the bank. This gives me a sense of security and confidence in the future. I know that my savings are protected, and I can use them at any time. In addition, the interest accrued on the deposit helps me save and increase my money.
Of course, each of us decides for ourselves what to do with our finances. But I hope that my experience and thoughts will help you make a balanced and thoughtful decision.