Where do you hide your running away fund

I agree, premium bonds are very old fashioned and not a good way to get a return on your money.

Everyone should have a running away fund. Mil told me this when we got married and I remember saying it to my friends when we started having difficulties. They looked visibly relieved and said ‘so you have savings then’ and I said ‘no, we never had problems’. I think they all learned from me!

I would go to a different bank and open an account that is convenient to be paid in. You should be able to check that it is set up so that your account has no paperwork sent anywhere other than via email.

However if your DP looks at your phone he might see a banking app or a notification so is it worth telling him you want your own account or it’s an account for your child? You should move money out of there to a higher rate savings account. There are ISAs and premium bonds and lots of different account options.

If you hide cash in the house and he finds it then it sounds like you are screwed. He isn’t sounding like a great guy if he won’t say for medical tests for your child.

It is alarming you feel it has to be this secret- but you can absolutely set up accounts online with no paper statements.

i don’t have a ‘running away’ fund but do aim to save a few months’ salary in case anything goes wrong with my job. My husband I’m sure knows this- I’ve complained about dipping into it when we’ve had to fund repairs so it’s not ‘secret’ but I also didn’t inform him it existed ir tell him how much is in it, it’s my money to manage how I please the same as him.

Premium bonds with NS&I if you don't already have the maximum (£50k). If you have less than £50k any winnings are paid into the NS&I account to buy more bonds. All winnings tax free, all transactions are done online.

This!

Do you have an address (ie parents) you can use as a correspondence address? Even online banks sometimes send post as per regulations

You get paid in cash ??

The other massive problem with cash in an envelope is that if you need to leave quickly you might not be able to access it. A bank account on your phone will be with you all the time.

Get it paid into your own bank account and save it. Only pay an agreed amount into a joint account.
no more.

Literally cash? Id probably hide it in the loft(or wherever he doesnt go) in a fire proof box.

Pp made a good point about UC.

But personally I'd have a separate account with monzo or similar. As long as he didn't see the app on your phone.

Yes. No statements, or letters.

Historically we had a couple of joint accounts - one was for bills and household spending, the other was for take-aways, holidays, general frittering. But our salaries were paid into our own private accounts. It seems odd to only have the one joint account.

Now, in our 60s, we are looking at making all accounts joint, just so that if one of us pegs it, the other one won't have too much faff accessing money.

Posted at the same time.

You'll need to save for your taxes separately. He careful,you don't want a tax bill.

Cash is easy, just pay into any account in your name via the post office. Open a second current accounts pay all the cash in there. Keep some for your taxes and transfer the rest to an ISA or premium Bonds or savings account.

That sounds like an old person 2

Most accounts are paperless now so no statements showing up in the post. If things are tricky it's a good Idea to have a bit of cash. If discovered you can always say you are following new government guidance about being prepared for weather events etc. Google that and also make a point of getting something else from the list. They recommend torches, radio, cash etc. Think about buying a fake book for the cash that blends in on the shelf or hollow out and old one so there's a nice hidey hole. Taping an envelope behind a picture is not a bad idea. If you are the only one who uses the chest freezer then consider that as well. Google hiding cash in freezer. Final tip. Prepaid cards. Buy when you can then hide as above. If discovered they are part of your Christmas savings plan. 💪

Open a Chase account. It’s all online. No letters. They have a great interest rate for the first year.

Just open an app based account such as Monzo, Starling, Chase etc
No paperwork will come to your house as it’s all online.

Could start a revolut account? You don’t ever get post apart from your initial card which you could have delivered elsewhere as you pick your delivery address rather than having it to delivered to your billing address

And @Somuchsugarinoneday - write a Will. I know he is not your DH but he may try to make a claim etc. The only way of controlling your finances after death and ensuring your DC gets their money is through a Will with a trust.

I don’t hide anything , we have separate finances and a joint account for the household which we 50/50 on

No letters to the house. Savings account online. Premium Bonds on line (reinvest any winnings).

There is absolutely no need to tell DP about any savings account.

But ..if it's a joint account will he not ask where your wages are going assuming they are paid into it? He'll see a transfer out whether it's £50 or £500

Sit down, have an adult conversation, maybe have wages paid to own account and transfer your share of bills to joint account and then you are able to have your own savings