runaway fund and new notes

[gurneyhalleck]

I am wondering how to convert my runaway fund from old twenties to new twenties discreetly in this time of Corona.

I have been skimming my daily spends for years, saving 20-30 pounds a week from my daily lunch/coffee work money. This I have been keeping as physical cash tucked away and it's a sizable sum.

After years, I feel restless in my marriage. I am considering cutting the cord once the children hit adulthood in a couple of years. Much of my stash is in old twenties. How can I get these converted in one go without having to leave details, or cldo I have to do it piecemeal? My problem there is I am currently not in the office, so normally where I could have stopped by on my way in to do it, I don't have that regularity at the moment. Any ideas? Obviously I would like to keep it out of any accounts or anything that leaves an electronic trail

Why do you need to change them to new notes, are we not allowed to use old anymore?

Can’t you just open a separate bank account?

Well opening a new account risks paperwork coming to the house, even with paperless billing on my existing account and our joint account we get the odd letter.

Also, if it goes in and we do split, it's there in black and white. Questions could be asked about where it came from!

how many notes do you need to change, a bank may not do it but if the notes havent been withdrawn from use yet, cant you just spend them and keep the newer notes

so say lift £100 from cash machine, keep that and spend £100 from old stash notes

Go to your bank and ask to exchange them? Might be more likely to do it if you bank with them rather than going to a random bank

You've got ages yet as the Bank of England will give 6 months notice before the notes are withdrawn from circulation and they haven't done yet, so it won't be before February next year. Use them for anything you'd usually use cash for - coffee, newspaper, sweets etc and replace them one by one with new ones from the ATM.

You can currently still use the old ones so perhaps a start would be to draw out new ones as and when you’d need cash for anything and switch them over?

So say you’ve been withdrawing £100 for the weekly shop and skimming £20, switch the £80 you need for old notes when you stash your £20 iyswim?

Take 100 old notes to post office and ask if they will change to new notes, say it's for someone's big birthday if they ask.

OP, you need to speak to Women’s Aid, if your marriage is this bad you need to stash notes, you may need urgent help. Good luck and stay safe!

Anyone you trust ? Could you put it into their account.

Do you have an account you could withdraw from (pretend its for a car) then put it back in with the old notes, saying you didn't end up buying the car.

Depends how old.

Why have you wasted years of your life on a dead marriage?

After years, I feel restless in my marriage. I am considering cutting the cord once the children hit adulthood in a couple of years

Are you in an abusive marriage? You haven't said anything to indicate you are. So why are you trying to hide money from your DH? Nothing wrong with having a 'running away' fund (I have one, and I'm happily married) but won't it have to be declared on your Form E?

I do hope your husband also has a runaway fund too!

So you’re thinking about financial fraud? Your runaway fund isn’t for actually escaping an abusive marriage but to hide what would otherwise be joint finances from the courts?

So you’re thinking about financial fraud? Your runaway fund isn’t for actually escaping an abusive marriage but to hide what would otherwise be joint finances from the courts?

Oh dear.
This being MN and the type of threads I see regularly here I hadn’t actually considered this!

Bold fail!

(Why do my bolds and tags always fail?!)

You left a gap between * and the start of the sentence

So you’re thinking about financial fraud? Your runaway fund isn’t for actually escaping an abusive marriage but to hide what would otherwise be joint finances from the courts?

@00Sassy

So you’re thinking about financial fraud? Your runaway fund isn’t for actually escaping an abusive marriage but to hide what would otherwise be joint finances from the courts?

Oh dear.
This being MN and the type of threads I see regularly here I hadn’t actually considered this!

i'm not sure the odd £20 hidden is the work of a criminal mastermind

i'm not sure the odd £20 hidden is the work of a criminal mastermind

Tbf it does makes good few thousand.

I have been skimming my daily spends for years, saving 20-30 pounds a week from my daily lunch/coffee work money. This I have been keeping as physical cash tucked away and it's a sizable sum.

“Sizeable sum” is different from “an odd £20 hidden”. OTOH, secret running away funds are usually about having the physical and available wherewithal to leave, rather than some plan to skew a divorce settlement.

I don't think this should be called runaway fund. It's a walkaway fund.

So how much is it @gurneyhalleck ?

Could you find a building society that still offers passbooks accounts, pay it into that and just hide the passbook wherever you currently hide the cash? You shouldn’t get statements for a passbook account.

@dementedpixie are you showing off! Lol
(But thank you for the tip and I hope you’re in bold on this post! )

Anyway, yes if it’s been years then this is a lot of money!

I remember starting a runaway fund on the advice of my DM once, got to about £26 and he found it and grilled me on what it was for, had to make an excuse it was for something for the kids and he then accompanied me whilst I spent it on just that.
I changed tack and still got out!