Comments on: The Safety Deposit Box, Our Friend

By: Canadian Personal Finance Blog » Blog Archive » Grab that Ca$h with Both Hands

Tue, 22 Jul 2008 01:05:08 +0000

[...] and in there it is EXPOSED. I am thinking of putting some cash away somewhere safe, like say, your SAFETY DEPOSIT BOX (I love it when I can get my stories to intermingle like [...]

By: SOH

SOH — Sat, 15 Oct 2005 00:38:00 +0000

What’s the point of having a safety deposit box and putting nothing in it. We’ve had one since we moved to Ottawa in 83. We keep all our important papers and backup CD’s in it. Our bank throws it in free as part of our banking package…we even manage to negotiate up to the largest size for free.

When someone I know was cleaning out the office of a penny pinching and now, deceased co-worker this summer, he discovered that this person was using a desk drawer in their office as a safety deposit box. Everything important, including photo negatives was there. Not really a great idea.

People should not hesistate to spend the relatively small amount required to rent a box. It’s one of the best investments you’ll ever make.

By: Caitlin

Caitlin — Mon, 10 Oct 2005 14:27:00 +0000

thanks for the emphatic reminder! You’ve just convinced me…

By: Anonymous

Anonymous — Mon, 10 Oct 2005 12:20:00 +0000

Hmmm. I got a safe deposit last spring (and wrote about it here) but am embarrassed to admit that I still haven’t put anything in it. I really need to take care of this.

By: The Dividend Guy

The Dividend Guy — Sun, 09 Oct 2005 04:43:00 +0000

Wow, spam attack! I agree with you. Although I don’t have one anymore, I did keep my Will and some stock certificates in it. I need to rethink it again and head on down to my branch to reopen one. I agree, they are very valuable.