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Do you carry cash? - Page 2

post #31 of 39
i use my visa debit card as a credit card for everything, i only take cash out when absolutely necessary, i usually keep a few singles for the vending machines at work. This drives my mom nutz, especially when i have to borrow a few bucks and then when she asks for the money back i have to explain to her that i have it, just not on me lol. i tried to exp to her the benefits of a debit card instead of writing checks and only being able to get your money out during bank hours but she dont get it....she still refuses to get one!
post #32 of 39
I rarely have more than $20 on me. I always use my cards, except at places like the dollar store or corner store.
post #33 of 39
I feel very uncomfortable not having cash on me at all times.
I try to spend cash on a majority of expenses - it helps me budget much better.

Quote:
However, we had a debit card and got rid of it, after hearing the advice from Clark Howard. He said never, never, never, ever, ever, ever use a debit card. Most are not protected like credit cards are (you can only lose $50 on a credit card--our debit cards could lose $1,000 per day!), and every use of it risks every penny you have in your account.

Don't use debit cards!

In addition, many gas stations block as much as $50 in your account as soon as you swipe the card, so that they can be sure the card will be honored. The block is supposed to be removed when the transaction is completed, but it CAN take as much as 72 hours to be removed. Same with a hotel; most block at least $100 when you check in, and some block more.
__________________
This is my thinking - even if (in theory) I get it back, I do not want my acct screwed up and frozen for days. This happened to a friend of mine on vaca - and she had NO money for a few days during her trip. I also have bounced checks/transactions before b/c the gas station putting a large hold on my $15 worth of gas. I am still hit with a NSF fee. I'm not one of those ppl who has over $1000 sitting in my checking acct "just in case".

I also think it is absurd that either I or the merchant has to pay a fee because *I* want the convience (although I think cash is far more convienent). I especially find it absurd to do a debit/credit transaction for something like an ice tea - while having a fee put on something that is under $2 - ridiculous.

For you non-cash people - do you at least have a stash at home in case the power is out for a long while or you have to evacuate?
post #34 of 39
Quote:
Originally Posted by Going Nova View Post
I never have cash. It's a great idea to have some in case of emergencies, but I wind up spending it! I have something like $6 in my wallet right now, that I've worked hard at not spending.
Quote:
Originally Posted by katiemae1277 View Post
I hardly ever have cash, I'm like Nova in that I spend it if I have it I use my debit card for everything
That is so me!! If I have it than it's normally gone in a few hours.
post #35 of 39
I never carry cash on me. If I know it's there I say "oooh Baskin Robbins, well since I have $5 on me..."

Quote:
Originally Posted by CDubbie View Post
For you non-cash people - do you at least have a stash at home in case the power is out for a long while or you have to evacuate?
We keep a bunch of cash in a secret hidey hole in the car - we have a couple of $20's, $10's, $5's and a bunch of $1's for those few occasions that we need it.
post #36 of 39
Quote:
Originally Posted by CDubbie View Post
I also think it is absurd that either I or the merchant has to pay a fee because *I* want the convience (although I think cash is far more convienent). I especially find it absurd to do a debit/credit transaction for something like an ice tea - while having a fee put on something that is under $2 - ridiculous.

For you non-cash people - do you at least have a stash at home in case the power is out for a long while or you have to evacuate?
I agree about the fees... it's hard not to think that excessive Visa/MC usage contributes to a rise in prices of small things like coffee.

Using a debit card also lets my spending get out of hand easily... if I'm going shopping and I know how much I can afford to spend, I should just go get the cash. If I have the card, it's far too easy to spend more than I planned.

Sometimes I have a stash, sometimes I don't. If I'm traveling by car, there's a stash in the car (don't even ask where... let's just say you need a wrench to get to it). But I really should keep more on hand... living in an area prone to earthquakes, I should be more prepared than I am in the money dept.
post #37 of 39
Quote:
Originally Posted by AbbysMom View Post
They called last night and I asked what the problem is. It is part of the Heartland breech:
I'm sorry to hear that. I hope nothing bad has happened on your account because of it.
post #38 of 39
I carry about £50-£60 on me
post #39 of 39
I do not carry cash reguarly. I've got $3.50 cash on me at the moment because it was for my bus fare to work but now Kieran is going to take me.

I use my eftpos card for everything and since I'm a student there are NO fees. I've got an overdraft with the bank and I don't withdraw cash unless I need to because it's the bank's money, not mine!

Everywhere here in NZ has Eftpos - I was surprised when I went to Melbourne and about 50% of the shops didn't accept eftpos.
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