Spanish company invents mattress-safe - KAIT-Jonesboro, AR-News, weather, sports

Put your money problems to bed with safe-mattress

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If you're worried about keeping your money safe, you can store it in a mattress. (Source: Flickr/taypopsin) If you're worried about keeping your money safe, you can store it in a mattress. (Source: Flickr/taypopsin)

(RNN) - A Spanish businessman has come up with a way for people with money worries to sleep on their problems.

The economic crisis in Spain has many locals worried about keeping their money in banks. So Paco Santos, who was laid off from Spain's largest mattress manufacturer three years ago, invented the Caja de Ahorros Micolchón, which means "My Mattress Safe."

It's a plush, padded mattress with a keypad-equipped, armored safe built into the side. According to NPR, it sells for more than $1,100. Santos said the investment is worth it, because so many people have lost confidence in banks.

"Banks are in the headlines now because of Cyprus, but in Spain, we have known how dangerous they can be for several years," Santos told Time magazine, referring to the economic fears that gripped nearby Cyprus. "People were starting to say it was better to keep it under your mattress."

Spain is suffering from record unemployment, especially for those with little experience in the job market. The jobless rate for those under the age of 25 is 57 percent, the Financial Times reported.

So Santos turned the fears of those economic problems into an advertising campaign for a product that capitalized on the practice of stashing cash in the mattress, but with a lock-and-key security improvement.

The inventor explains in a video that his company wants to "reinvent the traditional method of saving money."

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