With our Experts we will analyze at least 5 valid reasons to keep money at home instead of on the current account in the bank or post office. We have already discussed about the convenience of bank deposits and who can really find it useful to contact credit institutions. And we also suggested “3 effective alternatives for those who do not want to keep money in the bank and open a current account“. And this is because they often keep their savings in banks or at the Italian Post Office because almost everyone does it. But how convenient is it to imitate the behavior of others and make it a habit to entrust sums of money to a financial institution?
So here are 5 valid reasons to keep money at home instead of in the bank or post office account. First of all we must reflect on the curious circumstance according to which “The money is no longer yours if left in the bank account or post office “. Because depositing money with credit institutions is equivalent to temporarily losing ownership. In addition, it is necessary to take into account the costs that must be incurred in order to have liquidity in stock on an account. And this is the second reason that should lead the saver to evaluate the real convenience of opening an account. The management costs and taxes to be paid for owning an account negatively affect the savings that accumulate. By keeping the money at home, no such losses are incurred and you have free access to the money at any time.
5 good reasons to keep money at home instead of in a bank or post office account
The third reason why it might be worthwhile to hide money at home concerns the possibility of avoiding possible foreclosures. We well know that the Revenue Agency now has the power to directly seize the current account of the taxpayer who is in a debt situation. A simple communication from the tax authority to the bank is enough for the credit of the sums in debt to the collection agent.
The fourth reason why it would be preferable to keep money on your own is the risk of a forced withdrawal. Unfortunately, with the Amato government in 1992, a property tax of 6 per thousand was brought down on Italian savers. And it cannot be entirely excluded that it will occur again in periods of particular economic crisis. The last valid reason for diverting the accumulated money elsewhere is to be found in the loss of purchasing power that is suffered by leaving the liquidity in stock. Due to theinflation not only does the money in the account lose value over the years, but it is also necessary to pay the bank management costs. By choosing alternative ways to simple bank or post office deposits, on the other hand, you are guaranteed the possibility of renting the sums of money set aside.
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