Money Matters: Finding your hidden money

Searching through assets you have not used in a long time could bring you some welcome financial relief.

Angelique Ruzicka, Just Money and Moneybags editor, says that it is not uncommon for people to find a lot of money hidden in their homes or on accounts they no longer use.

If you are strapped for cash, then your home is likely to be full of items that you're not using and that are sitting around gathering dust

— Angelique Ruzicka, Just Money and Moneybags editor

In the United States, there is 42 billion US Dollars worth of forgotten assets.

Speaking to #NightTalk's Gugs Mhlungu and Sizwe Dhlomo, Ruzicka says that while it is unclear how much money in forgotten assets there is in South Africa, there are several ways people can find their hidden money.

Not claiming inheritance is not an unheard of concept. Maybe a lot of people don't know where to start. In some cases you may need legal advice, and some people may not know where to get that legal advice

— Angelique Ruzicka, Just Money and Moneybags editor

Some of the most popular avenues where people can trace their hidden money include unclaimed inheritance, bank accounts which have not been used in a long time, back payments, and in the least expected places in their homes.

It really does pay to go through your accounts line by line, to see if you've made any back payments to any special accounts that you may have

— Angelique Ruzicka, Just Money and Moneybags editor

Listen to the conversation below:

As Ruzicka shared places people can find their hidden money, #NightTalk listeners reminisced about the strangest places they have found their own money:


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