Where do you hide your running away fund

[Somuchsugarinoneday]

If you have one?

I’m soon going to be working more hours and earning almost double what Dp does. I’m not planning to run away, but I do want to save that money and Dp is hopeless with money and it all gets frittered away somehow.
I want/need to save the money for an important reason-medical tests and help for my ill Dd and then possibly a trip to Disneyland in a year or so. I plan to work very hard for as long as this opportunity presents itself and to save as much as possible.
I’m thinking cash in a larger envelope, but where? My thoughts are in a high up picture frame in Dd’s bedroom, but i’m not sure 🤔

Where do you hide yours, if you even do?

Just set up a private savings account or ISA. Cash is batshit.

I don't have a running away fund as I don't feel the need, but I do have various bank accounts that only I can access.

Keeping money in an envelope makes no sense to me. Why wouldn't you just open an account?

Is your partner controlling or abusive?

Why would you assume it has to be cash? Surely just setup an online account that only you know about?

I've got loads of accounts, including trading accounts, that DH doesn't know about - because he has no interest in them. If DH has several I don't know about them either, nor do I care. ( We also have a joint account, which is the only one that matters to both of us).

Just open a savings account in your name surely? Cash is bonkers.

Cash in an envelope? Are you 95 years old?

I put mine in premium bonds. I have max holdings so winnings can’t auto reinvest. Any winnings go to top up my pension.

I had a savings account in just my name and cash i kept in my locked drawer at work.
Proved very useful when I left

I would be reconsidering my relationship if this is how you are thinking!

This. Makes no sense. I had an envelope of money last year and my dh helped himself to it when he found out about it.

What I mainly have are various bank accounts in my name alone and premium bonds in my name.

Does your DP know they are hopeless with money? If so, I would just open an account in your own name, put the money in there, tell your DP why you are doing this. I wouldn't like the idea of keeping it a secret from your DP, unless there is a very good reason to do so, but surely they won't be annoyed about this if it is for medical tests for your DD? If they are, then they probably aren't someone you should be with anyway.

Cash?!
Look online for the highest interest easy-access saving accounts or (even better) ISAs and put it there.
I don’t really get the idea of a running away fund though unless you are being abused - where would I run? I live here!

In my savings accounts (I have a few). Do you not have your own bank account?

Open a stocks & shares ISA with Moneybox App on your phone. Then hide the app in a folder. You can set up regular transfers from your bank account and benefit from the increase in the stock market (which obviously can also go down). Very easy.

DP? Not married? Your DD and not his?

100% have a running away fund and no, you don't need to tell anyone about it. I wouldn't go with cash though, I would start with a normal easy access savings account or an ISA and go from there.

Yep, it's more you should be sitting down with your DP and agree what needs spending or saving and work towards that goal. Have a spreadsheet and record what's going in and out and see where it's being frittered.

It's very easy to open an account with an online bank (Marcus is good for savings accounts) and transfer money but if it's from a joint account, it's visible.

Definitely not cash at home, you're not a drug dealer and inflation is pretty high.

@Somuchsugarinoneday surely you just transfer it into your own bank account?

Most couples I know have their own bank accounts, then a joint one for household stuff. I get paid into my own account then transfer a lump sum each month to the joint account to cover bills, mortgage, outings etc...

My DH wouldn't have a clue how much is in my account.

Open a savings account. If you haven't used your ISA allowance use tha and open a flexible cash ISA, if you have used your allowance open a high interest flexible savings account
Don't keep it in cash that doesn't make any sense!

I don’t have a running away fund but I do have my salary paid into my own bank account. It then gets moved to the joint account. Dh (owns 3x more than me) has his salary paid into the joint account 🤣

it would be very easy for me to set up a running away fund.

I don’t have a running away fund nor feel the need for one but like other others I do have a savings account and ISA that DH is only vaguely (if at all) aware of and certainly can’t access and earned from my side hustle. Just open an account and make sure you stipulate paper free - how would he even know about it?

I don't have one as I'm a widow and my late partner was wonderful, but my mother has hers in premium bonds. It's locked away outside of her bank account so it doesn't show on statements and she gets a little bonus win every now and then to treat herself with.

We have a joint account, if I were to open a savings account in the same branch, would he know?

Mine is more of a kicking out fund as I own our house 😀

V complicated situation at the moment

Are you able to do this privately though? What about letters/statements to the house via post?

I don't have a running away fund but I'm self employed so need to save money for my tax. I put it into premium bonds so it's safe and there's a chance I could win each month.