Here’s how easy it was to find free money in my name

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Here’s how easy it was to find free money in my name
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A close relative of mine sent me a text message a few years ago to say that she discovered there was unclaimed money in my name!

She had entered my name (along with hers) through the search feature on MissingMoney.com.

Read more: Find and claim missing money for free

How to search for unclaimed property 

I immediately thought that there was no way I was owed any money, so I never went to the website to check for myself — until just recently.

I entered my name and confirmed that I was entitled to an undisclosed amount of money. All I had to do was fill out a simple form and provide proof of my identity and my former address. 

As it turns out, billions of dollars in unclaimed money from bank accounts, insurance policies, safe deposit boxes and more is held by the state until someone claims it.

I still don’t know who exactly owed me, but I did receive a check for $36.77 from my former state.

Although that’s not a lot of cash, if I invest that $36 for 40 years with a 7% annual return, I’ll have a final balance of $530. Not bad for money that I didn’t even know was mine.

To get started, enter the name you want to search (begin with yours!) at MissingMoney.com or Unclaimed.org and see what comes up.

And if someone has done the search for you, don’t delay like I did. It’s your money! 

Read more: 9 ways to find free money

Common Cents: How to build your emergency savings

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Michael Timmermann paid off his mortgage in two years. Now, he shares his money-saving tips on his blog, MichaelSaves.com.
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