A lot of people want to have the security and peace of mind of having their money close by. Sadly, they are also concerned about theft. That is why most people store their cash in the bank. What they fail to understand, however, is that all U.S. banks do not store all of the deposits in their facility. Because banks run on a fractional reserve system, they are always under threat of having too many people claiming their deposits at the same time. This is known as a run on the bank. If you and your neighbors each have $1000 saved at a large national bank, expect only $100 of it to actually be held at the local branch. That means if all of your neighbors and you instantly demanded $150 from your accounts at that bank, that local branch would be bankrupt until it could order more cash from headquarters. This would cause a panic in your town. If everyone around the nation did the same thing, there would be another Great Depression. The fractional reserve system is a good reason to consider slowly increasing the amount of your money at home. Balance multiple financial baskets, not just a bank basket. Here are some ways that you can do so safely.

Buy A Personal Safe

Many stores sell personal safes. If you go shopping for one, it can help you have less concern about keeping your money at home. The average burglar does not have the expertise to find and crack a decent safe safely in a couple hours. You can hide it in a normal cupboard or dresser, and no one would know. Having a personal safe lets you take charge of your resources without trusting a fractional reserve system bank to do so fully. You can also build a simple safe using a normal cabinet and bicycle lock.

Use Cheap Household Services

Get quality cheap utility services at your house like Solarus high speed internet to help you save time and money. Shop around to make sure that you are getting a good deal. If you have a careful eye for price, you can save a lot by buying bulk and at thrift stores. You definitely don’t have to pay as much as you would originally think.

Buy Low

Minimalism is basically doing without stuff that you do not really need. Try to make a list of what you actually need. Get rid of everything else. This helps your life be simpler and gives you more room to do what you really think is important.

Sell High

Selling high is just working hard. You will have more money to save at home if you are working hard at work. Try to work overtime if you want to get more vacation bonuses from your employer. If you really work hard to be a good employee you will get recognized for your work and be able to set some extra money aside.

Saving money at home really doesn’t have to be difficult. All you have to do is make some small simple adjustments and then you will start seeing some big savings. It really is amazing how much of a difference the small simple things can make.

Author's Bio: 

Dixie Somers is a freelance writer and blogger for business, home, and family niches. Dixie lives in Phoenix, Arizona, and is the proud mother of three beautiful girls and wife to a wonderful husband.