Home Safe - The Best Alternative to a Bank Safe Deposit Box

This news has caused a lot of discussion. What can be opposed to bank cells and storing money in an account - purchasing a personal secure safe. Here are several reasons why a home safe may seem an attractive solution for some Ukrainians in light of such initiatives:
 
1. Confidentiality of financial resources. A personal safe ensures complete privacy of your savings and valuables from any external control, including tax authorities. No one will know how much and what you are storing.
2. Independence from the banking system. Storing funds at home in a safe gives a feeling of greater independence from banks and possible restrictions on withdrawals or other banking transactions.
3. Direct and immediate access to your assets. At any time, you have direct access to your money and valuables without having to visit a bank or go through any procedures.
4. Protection from potential account blocking. In case of unforeseen situations, such as account blocking or other financial restrictions, having physical assets in a personal safe can provide financial security.
5. Safety of securities and documents. It is convenient to store important documents such as contracts, certificates, shares, as well as jewelry and other valuables in a personal safe, without fear of their loss or damage.
6. Psychological peace of mind. For many people, owning physical assets and the confidence in their safety right at home can bring psychological peace of mind and confidence in the future.
7. No fees or charges for storage. Unlike bank safe deposit boxes, you do not need to pay regular fees or charges for storing funds in a personal safe.
8. Control over your own property. You have complete control over access to your safe and its contents, regardless of bank working hours or other external factors.
9. Alternative in unstable conditions. In periods of economic or political instability, having a personal reserve in physical form can become a reliable alternative to bank deposits.
10. Inheritance without unnecessary formalities. In some cases, the transfer of cash or valuables by inheritance can be easier and faster if they are stored in a personal safe.
 
It is important to remember that storing large amounts of cash at home also involves certain risks, such as theft or fire. Therefore, the choice in favor of a personal safe should be weighed and take into account all potential risks and benefits.