Money-related things that may become obsolete

My HMO started refusing to accept cash a few years ago. I've adjusted but deep inside I still don't like the policy.
 

I pay with checks, cash, credit cards and online. Not many checks these days but for most local businesses I pay with cash. I also keep cash at home in case of power outage due to storms.
I also keep cash on hand and reading your post, I will make it point to keep more on hand in case of power outage...great point.
 
Can't imagine why anyone would ever use "cash"...
I use cash to keep my transactions to a minimum
...and I don't care for some entity tracking my purchases
.....and I buy/sell things with private folks

However, all bills and large transactions are auto or debit

I'd hate to see paper money disappear
Because then, totally reliant on the grid, web, etc
Not good IMO
 
I use cash to keep my transactions to a minimum
...and I don't care for some entity tracking my purchases
.....and I buy/sell things with private folks

However, all bills and large transactions are auto or debit

I'd hate to see paper money disappear
Because then, totally reliant on the grid, web, etc
Not good IMO
I SOOOOO AGREE!!!!
 
I cannot imagine not having a CC in our modern culture, though obviously some people manage without them. So many transactions require them, or are far more conveniently conducted with their use. I got my first CC when I was about 20 years old. No CC debt problems ever, nor any identity theft.
 
I am "old school" myself. I refuse to do banking online since electronic banking is easily compromised, but it stresses me that when I hand a teller my passbook, they stare at it like it was a cow patty. I was in the local bank on Friday to get my bi-annual passbook update and the excuse this time was that their printer "wasn't set up".

I continue to insist that online banking and bill paying is actually safer
 
We use cash for groceries, a few other things. I use ApplePay at locations that accept it (it doesn't reveal your CC number and is only good for that particular transaction). Bank online but still carry cash. I write checks only if necessary. Now days merchants run them electronically and who knows where they go. No thanks....
 
Paper money is on it's way out in some places. Some places are resisting going cashless. I only use cash now for things that cost less than $8. I usually only write one check a month and that's because the system for paying our carrying charges (co-op speak for HOA fees) only excepts checks. I still have a passbook but it's one in which I record entries myself after the initial deposit. These days your banking information can be compromised whether you bank online or not. And if you are still receiving paper statements the risk is definitely there. I don't trust the mail delivery system these days. In fact, just the other day, mail was placed on top of our boxes for someone at a completely different address...no where near our complex.
 
I don't trust the mail delivery system these days. In fact, just the other day, mail was placed on top of our boxes for someone at a completely different address...no where near our complex.

I agree 100%, Diva. We get some of our neighbor's mail a couple of times a month. No reason to suspect they're not getting ours with the same frequency.
 
I usually only write one check a month and that's because the system for paying our carrying charges (co-op speak for HOA fees) only excepts checks.

I love paying with credit cards and also online, even my brokerage and IRA, would hate going back to checks and cash and physically going to banks. But, my HOA charges me $4 for an online payment, so I mail them a check four times a year (they charge quarterly). I also started an online savings account with Discover, want to keep it separate from my other savings account and use it for an emergency fund (they pay higher interest).

Do you, and other posters, think the online banking is safe, since the emergency fund will eventually top $5000. I'm a little leery about it, I trust my physical bank more, but I also have a credit card with Discover.
 
It seems like the less mail I get the more issues I have with it being delivered to my mailbox.

I signed up for USPS Informed Delivery after terry123 mentioned it in another thread several months ago.

https://informeddelivery.usps.com/box/pages/intro/start.action
It does help to let me know what should be arriving.

As far as online banking accounts being safe, if they are FDIC insured the only issue should be accessing them in the event of an emergency.

I spread my emergency fund around and keep a little in the sugar bowl, a little in the bank and a little in my brokerage MM account.

Living in an apartment and having a guaranteed retirement income has reduced my need for a large emergency fund similar to the ones recommended for younger working folks that may face a period of unemployment.
 
As far as online banking accounts being safe, if they are FDIC insured the only issue should be accessing them in the event of an emergency.

I spread my emergency fund around and keep a little in the sugar bowl, a little in the bank and a little in my brokerage MM account.

Living in an apartment and having a guaranteed retirement income has reduced my need for a large emergency fund similar to the ones recommended for younger working folks that may face a period of unemployment.

Yes, they are FDIC insured and pay 1.70% interest. Discover also has no fees and no minimum deposits or balances, I like that.
I thought of doing that, but know I will be tempted to use the money to buy a stock too good to pass. LOL Stocks are like gambling to me.
Yes, that is one of the benefits of renting that I like and also having all your equity available to you instead of tied up. I still like owning, though.
 
My brother says "no one uses a landline anymore!" But I still do! I have 2 phones; one in the living room and one in the bedroom.

There is always at least one that is fully charged. I think it's a good thing in case of emergencies especially.
 
My brother says "no one uses a landline anymore!" But I still do! I have 2 phones; one in the living room and one in the bedroom.

There is always at least one that is fully charged. I think it's a good thing in case of emergencies especially.

I still use a landline also. I don't want to take a cell phone with me all over my house. I have three landline extensions in this house so I'll be close to one of them when they ring.
 

Back
Top