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Where Do You Get Cash? I知 confused...
Old 02-25-2020, 10:26 AM   #1
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Where Do You Get Cash? I知 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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Old 02-25-2020, 10:33 AM   #2
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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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Old 02-25-2020, 10:42 AM   #3
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Quote:
Originally Posted by Midpack View Post
I’m curious where all you infrequent ATM users get your pocket money?
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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Old 02-25-2020, 10:45 AM   #4
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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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Old 02-25-2020, 10:54 AM   #5
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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 View Post
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.
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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Old 02-25-2020, 10:58 AM   #6
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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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Old 02-25-2020, 11:00 AM   #7
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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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Old 02-25-2020, 11:02 AM   #8
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Quote:
Originally Posted by audreyh1 View Post
From the Costco executive rebate and Costco credit card rewards. That痴 usually more US $$ than we use in a year

Seriously- it been that way for years now.
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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Old 02-25-2020, 11:07 AM   #9
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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.
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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Old 02-25-2020, 11:08 AM   #10
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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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Old 02-25-2020, 11:09 AM   #11
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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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Old 02-25-2020, 11:26 AM   #12
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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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Old 02-25-2020, 11:27 AM   #13
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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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Old 02-25-2020, 11:30 AM   #14
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I just don't use cash.
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Old 02-25-2020, 11:46 AM   #15
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I gas up the wallet at the ATM machines in the grocery store.
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Old 02-25-2020, 12:17 PM   #16
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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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Old 02-25-2020, 12:20 PM   #17
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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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Old 02-25-2020, 12:24 PM   #18
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I just don't use cash.
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Old 02-25-2020, 12:28 PM   #19
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I use an ATM at a Wawa convenience store that doesn稚 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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Old 02-25-2020, 12:30 PM   #20
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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.
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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