{"id":15691,"date":"2025-01-25T20:00:00","date_gmt":"2025-01-25T19:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=15691"},"modified":"2025-01-13T12:31:28","modified_gmt":"2025-01-13T11:31:28","slug":"keep-money-home","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/keep-money-home\/","title":{"rendered":"Is it safe to keep money at home?"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>We have always heard that cash is king. But while there may be some truth in this saying, keeping all our savings at home may no longer be the best option.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Ever since currency was invented, the prevailing thinking in our society has been that more money is better. The <\/span><b>accumulation of notes and coins<\/b><span style=\"font-weight: 400;\"> has been a constant throughout history. People saved in case of bad times, they saved money in good times to be able to use it in bad times, in case they needed the money for an emergency or simply to ensure a better future for their children. Obviously not everyone has been lucky enough to be able to afford to set aside a significant amount of their money on a regular basis, but many people have had <\/span><b>small savings tucked away<\/b><span style=\"font-weight: 400;\"> in a bedside table, in a hidden safe, or, although it may seem a clich\u00e9 from another time, under the mattress.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><b>Security, the reason for the change in habits<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Over time, the amount of money kept at home has gradually decreased. And this is no coincidence. The development of the financial system and the advantages it offers has allowed it to play a leading role in the <\/span><b>collection of savings<\/b><span style=\"font-weight: 400;\">, relegating private safes to a certain ostracism. But why has there been such a drastic change in habits? The main factor is security, since it is a fact that, no matter how well hidden we may leave our savings, there is always the possibility of them being stolen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The other point to bear in mind is taxation, as keeping cash at home can currently entail certain risks with regard to the Inland Revenue. Agent Mireia Cano explains it to us.<\/span><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component gallery\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-lg-10 offset-lg-1\">\n        <div id=\"slider\" class=\"carousel slide\">\n          <div class=\"carousel-inner\">\n            <div class=\"carousel-item active video-player inline-player\" data-video-id=\"6271271705001\">\n              <img decoding=\"async\" class=\"d-block w-100\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/09\/THUMBNAIL_MIREIA_CANO_TOPIC_7-2.png\" alt=\"\">\n              <button type=\"button\" class=\"play\"><\/button>\n              <div class=\"carousel-caption\">\n                <p>11Onze Agent Mireia Cano explains the risks of keeping our money at home.<\/p>\n              <\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>Will the money lose value?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The other variable to take into account is <\/span><b>inflation <\/b><span style=\"font-weight: 400;\">and its effects on prices in general. The reason is very simple: the money we keep in the safe or under the mattress, in a year, two years, or ten, will still be the same: it will not multiply. However, basic products, such as the coffee we drink in the corner bar, will have gone from costing one euro to costing one and a half or even two euros. These are the effects of inflation, or sustained price increases.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That is why <\/span><b>money kept at home can end up losing value<\/b><span style=\"font-weight: 400;\"> over the years if inflation during this period is high. On the other hand, people who have decided to invest some of their savings, or put them in a deposit or somewhere that gives them interest in return, are unlikely to have been hurt by inflation, and may even have increased their money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what is the best option? The decision will be a personal one, as everyone has their own way of managing their money and more or less tolerance for risk. But whichever option you choose, you need to <\/span><b>be aware of the advantages and risks<\/b><span style=\"font-weight: 400;\"> that this may entail, to prevent your hard-earned savings from being compromised.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><b>Do you want to be the first to receive the latest news about 11Onze? Click <\/b><a href=\"https:\/\/t.me\/ONZEbanc\"><b>here<\/b><\/a><b> to subscribe to our <\/b><a href=\"https:\/\/t.me\/ONZEbanc\"><b>Telegram<\/b><\/a><b> channel<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>If you liked this article, we recommend:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/banks-not-want-deposits\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/06\/THUMBNAIL_BANCS_DIPOSITS-768x513.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Savings<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Why do banks not want deposits?<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">Right now, having money in your current account has&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/three-basics-manage-money\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/04\/THUMBNAIL_POST_3.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Savings<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Three basics of managing our money<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">However, it seems obvious to learn how to manage ours&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/catalan-sayings-about-money\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/06\/THUMBNAIL_REFRANYS_CATALANS_DINERS-768x512.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Savings<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Catalan sayings about money<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">The Catalan language is full of sayings through which&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":15679,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"content-type":"","footnotes":""},"categories":[1],"tags":[17],"class_list":["post-15691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-savings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>It is safe to keep money at home? 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