We’ve all heard of a family member or friend who swears keeping cash at home is safer than in a bank or credit union, especially during times of inflation. While it may be tempting to hide away your nest egg in your sock drawer or stuffed under the mattress, keeping large amounts of money at home is one of the riskiest ways to keep your cash.

To safeguard your funds and your peace of mind, Community Financial is here to answer all of your questions about handling cash during times of inflation.

Why is it a bad idea to keep cash at home?

While it’s perfectly OK to keep some cash at home, storing a large amount of funds in your house has two significant disadvantages:

• The money can be lost or stolen. Hiding cash under the mattress, behind a picture frame, or anywhere else in your house always carries the risk of it being misplaced, damaged, or stolen. As careful as you may be, circumstances beyond your control may cause you to lose that money.

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Wellness comes in many forms: physical, mental, emotional, financial, and more. Staying on the top of your wellness game may seem like an easy task, but it’s one that requires dedication and persistence. We’ve compiled some of our favorite wellness activities below to help jumpstart your journey.

Mental Wellness:

Considering that 1 in 5 adults in the U.S. experience mental illness each year, mental wellness techniques are at the top of the list. While public awareness on this topic has expanded, stigma can still create a barrier to reaching out for help. Let’s work together to break down that barrier and provide helpful tips on mental wellness:

• You Are NOT Alone. 9-8-8 is available anytime. By texting or calling 988, you can reach the Suicide and Crisis Lifeline 24 hours a day, without hearing a busy tone. No judgement, no requirements, just trained crisis counselors waiting to help. All help is both free and confidential!

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