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Where Do You Get Cash? I’m confused...
02-25-2020, 09:26 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,150
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Where Do You Get Cash? I’m confused...
In a recent thread, many/most replies said they hoped cash never goes away, at least for smaller purchases. Many went on to say they only used credit cards for purchases above $20 or thereabouts.
Then today there’s a thread where many/most say they don’t use their ATM cards often.
So where are you (even limited) cash users getting your cash if not at an ATM? Bank walk in? Cash back with (grocery) purchases? Larger bank withdrawals for a cash stash at home?
DW and I usually use a nearby ATM to take out $40/week each for “allowance” to buy all sorts of small incidental purchases (lunch, snacks, 1-2 items at grocery, etc.).
https://www.early-retirement.org/for...te-102245.html
https://www.early-retirement.org/for...ve-102307.html
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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02-25-2020, 09:33 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2015
Posts: 5,775
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Our "spending money" or "allowance" comes from the bank ATM, unless I am looking for a brand new, crisp bill for a gift. Then I go in the bank to the teller.
And if we want to some carry cash for a vacation, that comes from ATM or bank teller, depending on amount.
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Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
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02-25-2020, 09:42 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by Midpack
I’m curious where all you infrequent ATM users get your pocket money?
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From the Costco executive rebate and Costco credit card rewards. That’s usually more US $$ than we use in a year
Seriously- it been that way for years now.
Don’t use much cash. Predominantly plastic. Most of that cash sits in a fire safe for emergencies.
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Retired since summer 1999.
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02-25-2020, 09:45 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,669
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I use an ATM. But its use is declining. I use a separate card for the small purchases. In my case it's Discover CC.
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02-25-2020, 09:54 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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I use the ATM to withdraw $100. It's usually gone in 4-6 weeks, then I get another $100.
To Audrey's point:
Quote:
Originally Posted by audreyh1
From the Costco executive rebate and Costco credit card rewards. That’s usually more US $$ than we use in a year
Seriously- it been that way for years now.
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I really wish Costco Credit Card rewards would just send us a check you don't have to cash at Costco. I don't like carrying that cash around, even if it is to drive to the bank to deposit it. If thieves were smart, they'd hang around the Costco parking lot around the time those checks come out.
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FIRE Class of 2018 @ 61
Old men and women sit in the shade of trees they planted long ago
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02-25-2020, 09:58 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,067
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I use an ATM for walking around money. For specific denominations, etc. I go to the branch
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Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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02-25-2020, 10:00 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,635
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About every couple of years, I'll run to the bank and pick up $1,000 in cash and put it in my safe at home. It lasts a long time. Haven't used an ATM in years.
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02-25-2020, 10:02 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by audreyh1
From the Costco executive rebate and Costco credit card rewards. That’s usually more US $$ than we use in a year
Seriously- it been that way for years now.
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Me, too. I almost never use cash for anything - I'll charge 50 cents. And my Costco cash just got recharged.
If I do need cash, I get cash back at the grocery store for small amounts and the credit union window for large amounts.
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02-25-2020, 10:07 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by travelover
Me, too. I almost never use cash for anything - I'll charge 50 cents. And my Costco cash just got recharged.
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Half my Costco cash just got recharged. Executive rebate was a little over $300. The rebate for renting cars through Costco Travel contributed to that.
I think cc rewards are going to come in above $400. That should be coming soon.
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Retired since summer 1999.
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02-25-2020, 10:08 AM
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#10
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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I'm not one of those infrequent ATM users. I withdraw $300 from a drive-through ATM whenever I want more cash, which has generally been once a month.
I spent a lot of my early life struggling to make ends meet, and I am not in that position any more. So, I see no reason not to have plenty of cash in my wallet; I like not feeling poor.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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02-25-2020, 10:09 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,566
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Local bank branch, for small bills for tips when traveling, or for services that aren't part of a contract. On our recent trip to Southeast Asia, our dollar bills and fives went quickly (and seemed to make a lot of people happy).
When we don't travel, our use of cash is very, very infrequent; really just tips for services. Restaurant tips go on the card. We do keep a small stash, in case a hurricane should force us to evacuate.
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If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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02-25-2020, 10:26 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Posts: 1,495
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Well, you asked, so here's our weird system. DW gets $160 whenever she needs cash, from ATM. Why 160? Because many years ago that's what we budgeted for groceries every two weeks. Now she just uses cash for, I don't know what. Me? I get cash one or two thousand at a time and keep in the safe. Mainly used to pay housekeepers. I rarely use cash. Keep about 3-5k in the safe for emergencies (like weather or other such).
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02-25-2020, 10:27 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,778
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We use the ATM since our bank refunds all ATM fees. But we use cash so infrequently these days that a couple of hundred bucks lasts 4 to 6 months.
I wish cash would go away.
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02-25-2020, 10:30 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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I just don't use cash.
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02-25-2020, 10:46 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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I gas up the wallet at the ATM machines in the grocery store.
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02-25-2020, 11:17 AM
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#16
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Recycles dryer sheets
Join Date: Oct 2019
Location: Los Angeles
Posts: 82
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I go to the ATM about twice a month...I get my hair cut every two weeks and always pay cash and once in a while I'll drop in on the corner donut shop and pick up a raspberry-filled donut and I'll pay cash (i'm not even sure if they take credit cards). Other than that I use my CC for everything else so it's not unusual for me to see a string of $1.59 charges for the loaves of bread I buy at the grocery store.
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02-25-2020, 11:20 AM
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#17
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Moderator
Join Date: Nov 2014
Posts: 9,070
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ATM mostly, but I kind of prefer to go in the credit union. I get about $400 at a time and that lasts a few month usually. My back up cash is my gambling money for the casino. I usually have around $500 in my wallet and another $500 tucked away at home. Definitely using less and less cash as I play the maximize rewards game. Plus, it's just easier to keep track of what we spend money on using the credit cards. I have a Fidelity and a Costco.
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Every day when I open my eyes now it feels like a Saturday - David Gray
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02-25-2020, 11:24 AM
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#18
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gone traveling
Join Date: Dec 2015
Location: Berkeley, Denver, CO, USA
Posts: 1,406
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Quote:
Originally Posted by COcheesehead
I just don't use cash.
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+1
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02-25-2020, 11:28 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,633
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I use an ATM at a Wawa convenience store that doesn’t charge any fees and typically get a couple of hundred dollars that are usually used for tipping. Otherwise I use a credit card.
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02-25-2020, 11:30 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Posts: 1,507
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Quote:
Originally Posted by target2019
I use an ATM. But its use is declining. I use a separate card for the small purchases. In my case it's Discover CC.
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Target, this may be thread hijacking, but why do you divide up your credit card use in this way? (i.e. one for small purchases, one for ....) I'm asking because I've tried various ways of using my cards differently but haven't found any that make consistent long-term sense. I've tried evaluating rewards, but that seems complicated and shifting (my Chase Amazon Prime card just gave me 3 months of 2% back, ending February 29. I just put a larger purchase on it, ahead of schedule, so it did benefit Chase!
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