Ever wonder how people “lose” money?
There are many stories about people being reunited with their money. Have you ever wondered how they lost it in the first place? Continue reading to find some answers to this question.
In Florida, Treasurer John Kennedy recently returned more that $133,000 in unclaimed money to owners.
He held an event at a local mall where shoppers could go onto the internet and search for unclaimed money.
This was the first event since hurricane Katrina. Kennedy also feels the total was the most money he has given away at any one event.
This brings up the fact that most people do keep track of their money, so how can $133,000 go unclaimed?
The money comes to any state treasury from a variety of sources, including businesses that are required to turn over to the state money they owe customers they can’t find.
This would include the rebate the store has held for you which you never got around to claiming. Perhaps you left the job in such a hurry that your final paycheck did not reach you. You participated in a stock option, but left their employment without realizing you had stock that years later has earned you a nice lump sum. Get the picture with regard to businesses having unclaimed money?
Sometimes the money was held with a bank. Parents may not inform their children of a savings account or a safe deposit box they were keeping prior to their death.
Recently, Kennedy said, he wrote a check to a woman who didn’t know she had inherited $204,000 in oil royalties from her husband.
If these ways of losing money has now got you wondering if you have some somewhere, remember 9 out of 10 Americans are owed money. Go to www.CashUnclaimed.com and do a free search. This company was founded with the idea to match people with their money in as simple a way as possible. Keeping this as the goal, the company has the largest database for searching with only one entry of your name. Name variations are searched. So if your name is Robert; Bob, Bobby, Bobbie, Rob and other common derivatives are searched.
