What Should You Keep in Your Safe or Deposit Box?

Jan 21
06:06

2020

Nancy Whitman

Nancy Whitman

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You have a safe or deposit box. But, you are wondering what you can keep in there. Some things are essential to keep with you, and other things are a lot safer to keep in a deposit box.

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The thing is that you should consider how valuable the item is. Is this something that you are using every day,What Should You Keep in Your Safe or Deposit Box? Articles or something that you want to keep safe from burglars and thieves? Here is some advice about what you should keep in your safe deposit box and what you should rather keep at home.

Money should not be kept in a deposit box

If you think that you can keep money safe in your safe deposit or security box, then you should think again. This isn’t going to be the safest option. Not only might you need to get the money, and then people will see that you have money in your safe, but there is always the risk of people opening the deposit boxes to see if there is money stash in there.

When you want to keep money in a safe, it should rather be at home, in your personal safe. This is the best and safest option.

Your social security number should be kept safe in a deposit box

Never wear your social security number with you. This isn’t something that you’ll need on a daily basis. However, if this number lands in the wrong hands, it can have devastating results.

This is why this is the one thing that you should keep in your safe deposit box. Away from your home. It is a lot harder to break into a security box than what it is to break into a home or to steal your wallet. Those that have lost their social security numbers, know the effect it can have on your life. Especially, if someone is stealing your identity.

All personal documents are safer in a deposit box

Any personal documents that are normally easy to lose, is better off in a safe deposit box than at home. We are talking about birth certificates, marriage certificate, ID documents or duplicates of your ID documents. Any deeds or ownerships that you might have as well.

These are all documents that you aren’t using on a regular basis, and it is so easy to lose it when you are moving, or when you don’t have a personal safe at home.  Making use of a deposit box will ensure that your documents don’t go missing.

Small valuables can be stored in a deposit box

Small valuables can also be stored in a deposit box. Those heirlooms that you don’t want to lose, is safer in a deposit box than at home. Especially, if you are keeping it safe for someone else.

There are many valuables that are really special that people don’t want to lose, no matter what. If these valuables are small enough, it can be stored in a deposit box.

Your will should not be stored in a deposit box

The only copy of your will should not be stored in a safe deposit box. How will they know about the deposit box, if your will is inside of it? This is a huge mistake that many people are making. Think that someone will find the deposit box with the will inside. If a will isn’t found, it is assumed that there wasn’t a will, and your loved ones will pay the price.

These are all things that you can and can’t store in a safe deposit box. At the end of the day, it is your decision what you want to store in the deposit box, but you need to make sure that you think carefully about it. Somethings aren't mended to be stored away from you. And, somethings are better off stored in another, safer place.