Disclosure: We’re letting you know that this post contains sponsored links which SweepsPrize receives compensation for – which may impact their order of appearance because talking about money should always be an honest discussion.
Did you know that right now, there are about $35 billion in unclaimed money just lying around in government organizations around the country? Not only on the federal level, too, but also in state agencies and even random organizations. This is because the government on all levels tends to start programs to benefit certain people in the country, but then many of the people that the program is supposed to benefit never actually come around to claim their money.
Why? Well, maybe many people are not even aware that there is money they could claim. But unspent government money is not even the only reason why there is so much unclaimed money out there. For example, safe deposit boxes, insurance policies and uncashed checks are also on the list. On top of that, there could be bank and escrow accounts, trust funds, dividends, utility bills and tax refunds that you are eligible to receive.
Finally, profits from stocks or bonds, mutual funds and, finally, unpaid wages are all things that should belong to somebody, but as long as that somebody does not claim it, the money just stays where it is. Sounds great? Yes, it does! But first things first. If you want to make sure that you get your unclaimed money that could be waiting for you out there, you need to be patient and you should not rush things. Just look at what is needed and then go for it step by step. Okay, where to start?
1. Check your stats.
Check your stats means assess who you are in the eyes of a government organization or any other body that collects data and distributes funds. This is because any money that is being distributed is based on certain sets of criteria. Even if you never considered that you may belong in a specific category, looking at your stats could show you that the government thinks you do.
These categories can relate to your income, your social situation, your health situation, your family situation, and so on. If there are any things that stick out concerning these categories, chances are that there could be something out there that you have access to. There are many programs that are aimed at people in specific income brackets, people with specific injuries or disabilities, or just people in different age groups. Once you have learned all these things about yourself, just go ahead and search online for grants and other payments that could correspond to them.
2. Check your contacts.
But government sources are not the only place where there could be unclaimed assets lying around. Another promising target could be your bank, or the bank of your relatives. For example, if any of your relatives passed away recently, it is easy to phone their bank or lawyer to ask if any of their inheritance should legally go to you. Other things that could happen are that someone created a trust fund or another bank account in your name and you never even knew about it.
Then, because of some strange circumstances, they were never able to tell you and now the money is just sitting there. Next are things that may relate to your business. Especially if you are running a business, you may still get paid with checks sometimes. The thing with checks, though, is that you can sometimes forget about them. Especially when a lot of other stuff is going on, checks can go un-cashed for ages, especially if you deposited a check or two in the bank a while ago. But there are even more options.
Insurance policies, for example. Sometimes it happens that you either incur some sort of damage and then pay for it, never knowing that you actually could have made a claim under an insurance that you have. So, it can be worth it to think about whether you had some unexpected damages to take care of recently, and then double check your insurance policies if these things are covered.
Similarly, you may be eligible for tax refunds or there may be some money you can get by taking another look at utility bills that you may have overpaid. Finally, income from stocks and bonds or other forms of investing money may have accrued over the past years, and you either forgot about them or you never knew about them in the first place, because it was not you who did that investment. Checking for these things certainly does not hurt, but there can be a lot of money in them if you do find something.
3. Check with a service provider.
Chances are that you have been reading all of this and thought: Yeah, sounds great, but how can one person ever take care of all that? If this is the case for you, then you are in luck. There are service providers out there that help you look for unclaimed money, based on your personal information.
This can be super convenient, just pay attention to your personal data because they may be making money by selling it. Also, they are probably running ads that have nothing to do with your unclaimed money and there may also be fees in case of a successful find. Still, though, all of this can be worth it if you do it right and end up making a decent amount of money out of it.
The bottom line is that there may very well be unclaimed money waiting for you somewhere. So, just take a look, who knows what you may find?