Don’t trust banks anymore? More people are relying on personal money safes, instead of saving accounts. Sales of safes are doing very well in this recession, but is it really a surprise with the way this economy is?

With all the financial turmoil, many people are keeping their money out of the stock market and even their bank. Now don’t get us wrong. We at Cut Living Costs still believe in the financial strength of banks, but it’s no surprise that others are looking at other alternatives to protecting their money.

Keep in mind that if anything were to happen to your home and your money was somehow damaged, stolen or misplaced, you may not be insured for the loss. Make sure you check your insurance policy and applicable state laws to see how much of your money is protected.

Sometimes it might be a good idea to speak with an expert regarding the best way to handle your money saving woes. There are lots of places where you can get financial advice and speak with a personal financial advisor to help you work through all of your questions.