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Old 02-27-2020, 08:01 AM   #81
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Why would you got to the ATM weekly instead of just taking out $400, and go every 10 weeks. Saves effort, time, and gas.
We’re out several times a week, we never make a trip just to an ATM so effort, time and gas aren’t significant. But going less often has occurred to me reading this thread. We may just do that!
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Old 02-27-2020, 09:42 AM   #82
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a few years before i retired we switched from paper paychecks to direct deposit. one employee refused and demanded a paper paycheck claiming he did not have or want a bank account. he said he cashed his bi-weekly check at a currency exchange and then bought money orders to pay his bills.

(we refused to issue a single paper check...he opened a bank account).
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Old 02-27-2020, 11:34 AM   #83
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a few years before i retired we switched from paper paychecks to direct deposit. one employee refused and demanded a paper paycheck claiming he did not have or want a bank account. he said he cashed his bi-weekly check at a currency exchange and then bought money orders to pay his bills.

(we refused to issue a single paper check...he opened a bank account).
You probably saved him a lot of money from the fees a currency exchange and MO's cost him.
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Old 02-28-2020, 01:11 PM   #84
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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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Originally Posted by Pellice View Post
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!
Pellice, good question.

It started with using an (1) Amex Business Platinum card solely for things purchased for my consulting business. I get 5% back on communications, office supply stores, and so on.

Then found the (2) Penfed Cash Rewards card mentioned on this or Bogleheads forum. That delivers 5% off all gasoline purchases.

Next up, (3) HomeDepot and (4) Lowes cards, used for home improvement, etc. These store cards have advantages, like discount on a purchase, or extended 0% period.

Discover Card is used for entertainment and discretionary purposes. These tend to be smaller purchases. I've noticed I carry less cash over time because of this.
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Old 02-28-2020, 01:21 PM   #85
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Just got the Costco CC cash rewards coupon email and it is substantial! Well, I already knew the amount, but forgot and I think we already have lots of cash at home.
+1

Now I have to think about getting rid of that cash. I still have a lot left over from last year. I'll have to make a trip to the bank to deposit a lot and trade a couple hundred for small bills.

We only seem to use $1 and $5 for occasional tips when the credit card isn't an option.
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Old 02-28-2020, 02:19 PM   #86
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I use a credit card or Apple Pay for everything over $15, and some things under. But there are still times cash is easier for all concerned.
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At the bar at The Bowery Ballroom (the one in the basement, not the one by the stage or the one up on the balcony), a person asked the bartender if there is a card minimum. “No, but that’s why we are so backed up. Everyone is paying with their card,” the bartender says. Someone behind me asked if the band is on yet. No one answered.

At the intersection of Spring Street and Crosby Street, I overheard a man who was wearing pre-Alessandro Michele Gucci Horsebit Loafers. He was talking to his friend, who was not wearing pre-Alessandro Michele Gucci Horsebit Loafers, and said, “I fear the day homeless people start accepting credit cards.” The two men went into Balthazar and probably ordered the seafood tower and probably have Raya profiles and probably didn’t delete their Uber accounts.

I carry cash. You should, too. And not just because it’s good manners, but because there is a particular kind of entitlement about choosing not to. A presumptuousness. I carry $100. Five twenties. Have it: to split the bill after dinner. Have it: to tip your barber, your barista, your delivery person. (You can't beat cash for that.) Have it: for emergency situations. Have it: for small purchases. Have it: because cash is untraceable and not all drug dealers take Venmo.

It might have been that Square was down, or their iPad wasn’t working, or the Wi-Fi was acting up, but one morning at Happy Bones, a coffee shop on Broome street, they couldn't take credit card. They gave the guy in front of me his almond milk cortado for free. He didn’t have cash to pay for it, but he also couldn’t tip them for the nice gesture. It came in handy to have cash then.
https://www.gq.com/story/carry-cash
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Old 02-28-2020, 03:32 PM   #87
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As others have answered, we use little cash in the US--probably 2-400 every month or so, no really sure (and yes, from an ATM either BOA, or reimbursed by them).

But we do our own travel planning (i.e., no tours or all-inclusives) and having cash in many countries is mandatory. Thus, we used ATMs fairly often in Rwanda, Kenya, Peru, Argentina, and Chile. The latter two were pricey for Fidelity, as the typical fee was $10 US! Some restaurants and even gas stations sometimes are cash only with no close competitors to drive too.
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Old 02-28-2020, 06:17 PM   #88
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I carry some cash, more at some times than others, but always some. SOmetimes I need to throw in on a group gift with my friends. Sometimes I owe someone for covering movie or play tix. Tipping delivery ppl and maintenance people is on point. Ive also been in a grocery store where the credit terminals were down but I was having that bottle of Maalox and bananas and getting out of there. Waving my cash right to the front of the line. I agree with the article that its just polite and practical to do so. I recall waving cash at a hotel shuttle driver to take me to a DIFFERENT hotel from the airport bc my flight has been cancelled and I was ready to get to my airline sponsored hotel PRONTO. Other folks waiting on the sidewalk couldn't come up with the funds. THey even asked me where the ATM was. I have no idea where the ATM is, I carry cash. I didn't have to make a special ATM sprint. HOliday Inn boy had no time for that.
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Old 02-28-2020, 07:38 PM   #89
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And, for those still working, cash for the birthday-retirement-baby office envelopes.
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Old 02-28-2020, 09:07 PM   #90
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I usually get it at the bank teller, but sometimes the ATM. Get $200-300 at a time when I need it. No set schedule. May also have an occasional check to cash and just do that for spending cash as well. Almost always pay tips in cash, and put the meal on card. Use card for almost all of our expenses: groceries, gas, household, clothing, auto parts and supplies, house needs, etc. I could use more cash easy enough, but the Costco cash back reward is incentive to use the card.
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Old 02-28-2020, 09:20 PM   #91
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Then there are the folks who can't remember their pin, or zip code, or just have fumble fingers and takes them three or four tries to complete the transaction. Each time the cashier has to re-initialize the transaction.
Just a few days ago I walked out of a store behind such a comedy routine, leaving the merchandise on the cashier's counter. I was followed out the door by three other customers in the same manner.

I use cash (from ATM) for all under $20 transactions. Won't feed the tracking trolls of where and when I have coffee or ice cream or KitKat etc.

Besides it is cheap entertainment giving the cashier pennies, and them trying to figure out change when the register is not working.
Darn kids can't do arithmetic, even using their fingers and toes.
+1
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Old 02-28-2020, 09:30 PM   #92
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What? Carrying cash is good manners? Not carrying cash is entitlement? Wow - amazing the opinions people assert.
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I carry cash. You should, too. And not just because it’s good manners, but because there is a particular kind of entitlement about choosing not to. A presumptuousness.
If someone runs into a situation where cash is the only option, they can go find as ATM.

I actually do carry cash. I just rarely spend it. It sits undisturbed in my wallet for long periods on time.

Just because someone spends very little cash doesn’t mean they don’t carry some minimal amount.
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Old 02-28-2020, 09:34 PM   #93
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As others have answered, we use little cash in the US--probably 2-400 every month or so, no really sure (and yes, from an ATM either BOA, or reimbursed by them).

But we do our own travel planning (i.e., no tours or all-inclusives) and having cash in many countries is mandatory. Thus, we used ATMs fairly often in Rwanda, Kenya, Peru, Argentina, and Chile. The latter two were pricey for Fidelity, as the typical fee was $10 US! Some restaurants and even gas stations sometimes are cash only with no close competitors to drive too.
Yes, we use a lot more cash when traveling overseas and thus use ATMs overseas. We just donít use much in the US and thus havenít visited a US ATM in a very long time.
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Old 02-28-2020, 11:57 PM   #94
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I try to always carry cash, although I don't actually use it often.
But when stopped by a cop, having cash helped me pay a speeding ticket so my license wasn't taken as collateral (weird IL rule).
So now I always carry cop cash.
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Old 02-29-2020, 12:14 AM   #95
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you likely posted a cash bond. one used to be able to surrender their AAA motor club card instead of your license as bond.
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Old 02-29-2020, 04:44 AM   #96
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I get cash whenever I need some by picking it off the money tree in our backyard.
Does that reseed itself? Can it be divided? How about grafting? Cuttings? Doesnít seem to like our sandy soil here, I canít get one to take.
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Old 02-29-2020, 06:35 AM   #97
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I use very little cash. What I'm surprised at is how many people still want cash/check instead of ePayments like Venmo/ApplePay/Zelle/PayPal/etc. Just recently I bought some Girl Scout cookies from a coworker and gave her $20 cash.

Depositing checks is a drag. Yes, I use my phone to deposit checks but would rather you just send me the dough electronically. If my 80yr old Mom can use PayPal to pay me back, why can't you? What are you afraid of?
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Old 02-29-2020, 07:46 AM   #98
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I find that the few bucks people give me, like chipping in for a meal I put on my credit card, or paying back a small borrowed amount, more than covers the rare times I need cash.

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Target, this may be thread hijacking, but why do you divide up your credit card use in this way?
One good reason to use different cards for specific purposes is to avoid having a recurring payment on a card which gets canceled because it was used at some store which had a security breach. So, one card for recurring payments and nothing else.

Another card for gas (I get 5% back on this one, but only for gas.) That card lives in the car and can be for emergency use if my wallet gets stolen or something.

The Amazon card gives me 5% off, but only at Amazon.

Then there's the 2% back card for general use.
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Old 02-29-2020, 09:06 AM   #99
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you likely posted a cash bond. one used to be able to surrender their AAA motor club card instead of your license as bond.
I looked at it as paying the speeding ticket, didn't have any AAA card and wasn't offered anything other than pay it cash (in exact change) or he takes my license and I can pick it up at some station when I come in with cash..

So weird, since they know who I am, and I'm still able to plead not-guilty and fight it in court.

I paid it, and decided that to fight it would cost a day's pay, and that was more than the $120 fine, plus waste a vacation day.
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Old 03-08-2020, 11:45 AM   #100
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Another impact of the coronavirus I had not considered:

https://apnews.com/3906e0ff919fd72d59f00313d104d190

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The Louvre’s decision to only accept bank cards for payments was among the anti-virus measures laid out in detail in a document sent to staff Tuesday and seen by the AP.

The Louvre confirmed Wednesday that the museum will no longer accept cash, although it also noted that half of its tickets sales already take place online.

“Cash is finished,” said Andre Sacristin, a union representative at the Louvre. “It is a temporary measure during the epidemic.”
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