Money Under the Mattress

Found money – sounds good eh? Is there anything better than finding money you’d forgotten you had?

This page is a new little experiment for me. It’s where I’m going to share my efforts to take all the odds and sods of cash that aren’t working for me or that I’d previously forgotten about – the £20 lurking in a forgotten bank account for example – and write about my attempts to coral them into some brand new savings.

I’ve opened a new bank account specifically for the purpose of depositing money this newfound cash, so I can easily see how it tots up and I’ll keep a tally of the found money here for your nosiness and edification – and to keep me inspired too. 

Here are the found money sources that I’ve come up with so far:

  • $100 bill from about a decade ago. When I came back from a trip to New York the exchange rate wasn’t good, so I didn’t cash it. Then, when it was good, I forgot. Time now just to do it whatever the rate or that note will be as old as the Founding Fathers before I get around to it!
  • 550 francs Ditto the New York trip. I forgot to cash them in before the euro replaced the franc. Now I need to investigate whether Bank of France will still buy them, or have a think what else to do with them. Have I missed the boat with this? Are they  worthless now? Need to investigate this one.
  • £50 travellers cheque. Are you sensing a theme here yet? What is it about me and returning from holiday? Do I hang onto the money in an attempt to hang onto the sunshine? This baby’s days are numbered – time to cash it in.
  • £60 overpayment on my credit card. Yippee. Oh, it wasn’t always this way. I used to be very bad at paying credit card bills (*slaps hand*) and was always incurring late fees. Now, to avoid those I’ve been paying £10 by direct debit into my credit card account each month. But as I’ve also been trying to no longer use my card very much I’ve built up £60 surplus in my credit card account. Ba-bing – I’m shifting it into the found money account toot suite.
  • Money found in old handbags, pockets etc. Nothing better than finding a tenner in the pocket of your jeans. Any I find from now on’s going straight into the found money account.
  • eBay proceeds. From now on, if I sell anything on eBay, which I sometimes do, I’ll class the cash as found money.
As the cash comes in and I make more money I’ll be putting what to do with it to the vote. Looking for your thoughts or whether to invest it or have a blowout. Yep, my future’s in your hands folks – please be gentle!
And meantime I’d love to hear your thoughts, by clicking Comments below, on the best bit of found money you’ve ever come across.  

11 thoughts on “Money Under the Mattress

  1. Libby

    That isn’t a bad idea. When I am out and about if I happen to find any pennies lying about on the street I pick them up and put them into an old coffee tin and save them up. At the moment I have a little over £35 and plan to put it towards a treat of some sort or another. I also adore selling things on eBay and would also recommend a local Facebook selling page to clear clutter and make some extra cash.

  2. Marine

    I remember when cleaning my apartment (to give old stuff to a charity) having the pleasant surprise to find £40 in one of my bags. I was so pleased that it made ​​me think that it was really a good gesture to give this bag, even though I loved it.

  3. Local ads and Craigslist can work but for certain items, or if you want a quick sale at a fairly decent price you still can’t really beat eBay at this time in my opinion (unfortunatley – as you say the fees are extortionate).

    For example, I managed to sell an old computer system (Nintendo – SNES) plus around 20 games for nearly a grand. No way I would have got a fair price for that in local ads, the collectors would never have seen them.

    Great idea with setting up a new account – I think you should put it into an Stocks and Shares ISA and see how your funds grow!

  4. In this present day, finding money is the salvation for most people. It doesn’t matter how much or where you find it, it all adds up. Keep a positive outlook and keep the goal alive and you will get there. Transferring your spare cash to a savings account it the best way to achieve your goal as you will be less likely to spend that well earned money.

  5. Thanks for this great post. Finding money makes you feel good! My best story is finding 10 pounds in my jeans pocket, so not as exciting. But selling on ebay is a great way to make some extra cash, just build up your reviews, then you can really start to make some cash! You will find lots of good advice on the internet as how to increase your good reviews, how to make a sale, how to make more money from a sale etc. Keeping all this money in a separate account is a great idea, you can use it for those luxury purchases.

    • All good tips Daisy, thanks for sharing. The separate account is a nice way to treat yourself – or invest – with what essentially feels like free money!

  6. Finding money or value you’d forgotten about definitely is a beautiful surprise…

    You could even intentionally set yourself up for that, just in the knowledge that you will one day experience what you’re setting up, in the moment :)

    As in… you could put a £20 note in a pocket of an old coat, then maybe years down the line on a random clean-out, broke and bored… “oop, what’s this!? :D”, just think of the sheer joy!

    • Ooh, I like that idea Nick! Kind of like a random act of kindness to yourself!

  7. Keith Daniels

    EBay charges are ridiculous, price things up and sell through your local free ads first, look at Ebay as a last resort.

    • That’s an interesting take on it, Keith. I’ve never felt the charges were too high but yes going with Gumtree and the like is cheaper, though you don’t reach the same number of bidders. Sounds like you’ve got a good strategy going there – only using eBay when you’ve tried local ads first.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>