<prompt> Human: I am trying to save money and my boss thinks its a bad idea to have my savings in cash instead of in a savings account. What are the pros and cons of either?  <response>: Cons to having it in cash in your matress: It can be stolen easily, can be burned up, doesnt earn interest so youre losing money every year. Pros: Basically nonePros to having it in bank: Safe, insured, earns interest. Cons: Have to go to ATM to get money. 