Comments on: What Should I Put In My Safe Deposit Box Or Fire Safe?

By: Hannah Scott

Hannah Scott — Tue, 03 Nov 2009 14:06:11 +0000

Thank you Peter you have helped me out on my assignment.
By the way, Why do people have their own vault at home and not in the bank safe deposit vault and why would it be good to have both.

By: 107 Things That Make Good Financial Cents | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois

Mon, 15 Jun 2009 09:42:31 +0000

[...] Your Important Documents in a Safe. Having your important documents stored in a safe place, like a fire safe or safety deposit box is a good idea. You will want to keep your tax returns, life insurance policies, stock [...]

By: Five for Friday! - April 24, 2009 | Managing Money God's Way

Five for Friday! - April 24, 2009 | Managing Money God's Way — Fri, 24 Apr 2009 04:54:55 +0000

[...] Pete at BibleMoneyMatters discusses what important documents you need to keep in your safe deposit box or fire safe. [...]

By: Money Hacks Blog Carnival - Earth Day Edition | The Personal Finance Playbook

Wed, 22 Apr 2009 12:07:44 +0000

[...] presents What Should I Put In My Safe Deposit Box Or Fire Safe? posted at Bible Money [...]

By: Peter

Peter — Mon, 20 Apr 2009 17:37:29 +0000

Good point George, thanks for bringing that up.

By: George

George — Mon, 20 Apr 2009 17:22:57 +0000

One thing that you don’t mention is that safe deposit boxes have one huge advantage over most “fire safes” you’d have in your home – theft protection.

Home fire safes are generally quite easy for a thief to break into – they’re meant to be safe in a fire, which doesn’t mean they’re safe from a thief with a crowbar. If somebody breaks in, it’s not difficult for them to walk away with the safe itself unless it’s bolted to the home.

It’s for this reason that I have a safe deposit box at a bank for valuables, and a fire safe at home for documents that aren’t valuable money-wise, but would be problematic if destroyed by fire or flood.

By: Jen

Jen — Mon, 20 Apr 2009 16:17:12 +0000

Great post! My husband and I have been procrastinating on this, and really just have to bite the bullet. It's not a good idea to wait till something bad happens to make you wish you had done it in the first place! Jens last blog post..GREASTER!

By: Jessica W

Jessica W — Mon, 20 Apr 2009 16:14:45 +0000

Dont' forget: Adoption papers! Also, if you don't have a firesafe or can't afford one right now, put everything in a plastic ziploc bag in your freezer. That's usually undamaged in a fire (on the inside). A firesafe is better, but a freezer works in a pinch. Also, it's a good idea to keep a recent copy of each utility bill--often needed to establish identity if your ID is lost/separated. (I had to use my phone bill once when my wallet was left inside a condemned building after an earthquake). Jessica Ws last blog post..One success!

By: Matt Jabs

Matt Jabs — Mon, 20 Apr 2009 15:13:55 +0000

You bring up an excellent topic here Pete! This is something my wife & I have been talking about doing for some time now. Perhaps I should use your post as the necessary "kick in the pants" to get going. I could also chronicle my steps on DebtFreeAdventure.com and link them back to your series. Sounds like an excellent idea to me. To start with I will say that I would DEFINITELY go with a fire proof safe in my home. I choose this over a safe deposit box for 2 reasons. 1. Because I buy it then never have to pay for it again. 2. It is accessible right away, unlike the safe deposit box, as you mention above. Matt Jabss last blog post..Sin Debt and the Payment For Sin

By: Personal Finance Buzz

Personal Finance Buzz — Mon, 20 Apr 2009 15:05:17 +0000

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