Using cash?

[chic]

Are you more likely to use cash for an in store purchase if you see someone else doing it? Do you still use it all? I made a quick jaunt to buy a juice and an orange this morn and saw the woman in line ahead of me was paying with cash so I did too.

I don't mind cash. I know we all use CCs for online purchases but sometimes I feel like there should be a little more anonymity in our purchases. I mean, do they have to know every single thing we buy? Where is this all leading?Do I even want to go there? Do I think too much? Probably but the small stuff does matter.

 

[Serenity4321]

I like cc because I can get cash back..I think the only use I now have for cash is to buy lottery tickets

 

[C50]

I used cash quite a bit for low dollar purchases until the pandemic hit, since then I've gone Credit card almost exclusively.

I do get what you're saying about tracking our purchases though, somewhere someone knows wayyy too much about me.

 

[katlupe]

I rarely use cash since I pay everything online. Lately I have been taking a little extra cash out when I get my laundry money. Not spending it though. I am saving it up for emergencies. I will only use it if I have to. I don't really pay attention to how other people are paying so they don't influence me.

 

[hearlady]

Here is an interesting take on cash from Facebook:

Please understand what NOT using cash is doing. Why should we pay with cash instead of a card?

- Imagine I have a $50 bill in my pocket. I go to a restaurant and pay for dinner with it. The restaurant owner then uses the bill to pay for the laundry, the laundry owner then uses the bill to pay his barber and the barber uses the bill for shopping. After an unlimited number of payments, it will still remain $50, which has fulfilled its purpose to everyone who used it for payment and the bank is left dry from every cash payment transaction made...

- But if I go to a restaurant and pay digitally - with a card, the bank fees for my payment transaction charged to the seller are 3%, so around $1.50 and the same $1.50 fee charged for each further payment transaction afterwards (owner to laundry shop, barber etc.) Therefore, after 30 transactions, the initial $50 will remain only $5 and the remaining $45 became the property of the bank thanks to all the digital transactions and fees.

When this is put into perspective, imagine what each retailer is paying on a monthly basis in fees at 3% per transaction through their machines. If they have, for example, $50,000 in sales & 90% are by Card, they are paying $1500 in fees in ONE Month. $18,000 in a year.

Especially use cash when paying your hairdresser, massage therapist, small business owners, etc. They rarely charge a card processing fee, yet they pay high fees to the card companies.

 

[Roadwarrior]

Use cash/check for ISP, they require $3.50 for CC. Cash for property taxes or pay 3-4%. Use cash for our out of state HOA fees. Otherwise most purchases above $20 made with CC. Also use cash for gas, don't pay the 10% added for CC. Anything online or elsewhere will probably be CC.

 

[dobielvr]

It's a toss up.
If I have cash on hand, I'll use it...if not, It's my debit card.

I will def use cash for my massage therapist, and my hairdresser so they don't have to pay the fee that comes when they swipe my debit card.

 

[Myrtle]

Are you more likely to use cash for an in store purchase if you see someone else doing it? Do you still use it all? I made a quick jaunt to buy a juice and an orange this morn and saw the woman in line ahead of me was paying with cash so I did too. I don't mind cash. I know we all use CCs for online purchases but sometimes I feel like there should be a little more anonymity in our purchases. I mean, do they have to know every single thing we buy? Where is this all leading?Do I even want to go there? Do I think too much? Probably but the small stuff does matter.

I use cash a lot. I prefer it.
What others do doesn't influence me.
I agree that anonymity in purchases is good.
I think it may not be leading to a good place but you may not want to go there.
No, you do not think too much. Others don't think enough.
Yes, the small stuff matters.

 

[katlupe]

Oops! I just remembered I do get cash out for my hair appointments. My hairdresser appreciates cash because she doesn't have to pay any fees out of it like she does for cc or debit cards.

I stopped using credit cards for anything. Only use the debit card.

 

[sch404]

If I see anyone using cash, my first thought is, 'There's our next violent crime victim.' Then I look around the room to see who else is noticing what I am noticing. I recently visited my local pharmacy to pick up a prescription. The co-pay amount was 7 cents, $0.07. I paid with a credit card.

 

[NorthernLight]

Card for everything, except tiny purchases like coffee, and tips. I also use cash for small (under $10) purchases at the charity store.

Getting cash from the bank is an extra errand, which means extra stress.

Card is handy to use. It also gives me a hindsight overview every month.

As far as Big Brother is concerned, I think letting them know what I buy is the least of my worries.

 

[Lady]

I always use a card when shopping , but keep a Ton =£100 in cash for incase I need a Taxi or a purchase in cash ..

 

[Alligatorob]

For most retail things I use a card. Cash for most things from individuals or small businesses.

 

[Teacher Terry]

I take a 100 cash out monthly and use that to eat out and for small purchases. I also pay my hairdresser in cash. I don’t pay attention to what others do.

 

[David777]

Use mostly cash and usually have plenty in my wallet that I have no qualms about carrying around. Am on road trips often, where cash speaks without issues. Use credit card for larger purchases that are mostly Amazon online, Walmart Neighborhood Market, gas, and lodging. Pay my few bills with USPS mailed checks, not electronically online unless am almost late. While a financial peon, never ever been in debt.

 

[hollydolly]

Here is an interesting take on cash from Facebook:

Please understand what NOT using cash is doing. Why should we pay with cash instead of a card?

- Imagine I have a $50 bill in my pocket. I go to a restaurant and pay for dinner with it. The restaurant owner then uses the bill to pay for the laundry, the laundry owner then uses the bill to pay his barber and the barber uses the bill for shopping. After an unlimited number of payments, it will still remain $50, which has fulfilled its purpose to everyone who used it for payment and the bank is left dry from every cash payment transaction made...

- But if I go to a restaurant and pay digitally - with a card, the bank fees for my payment transaction charged to the seller are 3%, so around $1.50 and the same $1.50 fee charged for each further payment transaction afterwards (owner to laundry shop, barber etc.) Therefore, after 30 transactions, the initial $50 will remain only $5 and the remaining $45 became the property of the bank thanks to all the digital transactions and fees.

When this is put into perspective, imagine what each retailer is paying on a monthly basis in fees at 3% per transaction through their machines. If they have, for example, $50,000 in sales & 90% are by Card, they are paying $1500 in fees in ONE Month. $18,000 in a year.

Especially use cash when paying your hairdresser, massage therapist, small business owners, etc. They rarely charge a card processing fee, yet they pay high fees to the card companies.

It's illegal in the Uk for any business owner to charge a fee to the customer for the use of Debit or Credit cards..

 

[hollydolly]

I use my card 75 % of the time.. I try to remember to use cash where possible, because simply put the more we use card the quicker we're racing towards a cashless society and the faster the govt has got complete control over our lives.

However to get cash we must first have a bank, and in the Uk Banks are closing down by the truck load every week, and now there are many towns who don't have a single branch left open where we can withdraw money.. so it's difficult..

We can withdraw at supermarkets, but I'm really quite wary of supermarket machines, they're often skimmed , and people have their card details stolen, so I prefer a Bricks and mortar bank where I can just go inside and withdraw from the machine.. and because the nearest branch of my bank is another town now.. I rarely get to get any cash!

 

[Wigglestein]

We use a debit card for most purchases. But in a restaurant we pay the check with the card and leave the tip in cash. The restaurant owner doesn't need to handle the tip or even know how much it is.

 

[Gary O']

Using cash?​

On purchases under $20
I don't care to see junk filling my statements.
And anything under $20 is most likely nothing I care to track.
I do save the receipts for a few days in case something is bad.

Oh, on tips too
Directly to the wait person

 

[palides2021]

Cash is king for me when physically shopping for purchases under a certain dollar amount (grocery store, gas, post office, etc). I also like the privacy and anonymity of cash. The credit card is reserved for online shopping and bills.

 

[Sunny]

I hardly ever use cash any more, so seldom that it actually seems strange when I do use it, for small purchases. The other day I was at the post office and bought a book of stamps, which was something like $10.60. I thought, at last, I can get rid of some of that change, which I practically never use, and gave him a $10 bill and a bunch of dimes and nickels. (I could have used pennies too, but didn't have the nerve.) So my wallet is a lot lighter, literally!

 

[Nathan]

Here is an interesting take on cash from Facebook:

Please understand what NOT using cash is doing. Why should we pay with cash instead of a card?

- Imagine I have a $50 bill in my pocket. I go to a restaurant and pay for dinner with it. The restaurant owner then uses the bill to pay for the laundry, the laundry owner then uses the bill to pay his barber and the barber uses the bill for shopping. After an unlimited number of payments, it will still remain $50, which has fulfilled its purpose to everyone who used it for payment and the bank is left dry from every cash payment transaction made...

- But if I go to a restaurant and pay digitally - with a card, the bank fees for my payment transaction charged to the seller are 3%, so around $1.50 and the same $1.50 fee charged for each further payment transaction afterwards (owner to laundry shop, barber etc.) Therefore, after 30 transactions, the initial $50 will remain only $5 and the remaining $45 became the property of the bank thanks to all the digital transactions and fees.

When this is put into perspective, imagine what each retailer is paying on a monthly basis in fees at 3% per transaction through their machines. If they have, for example, $50,000 in sales & 90% are by Card, they are paying $1500 in fees in ONE Month. $18,000 in a year.

Especially use cash when paying your hairdresser, massage therapist, small business owners, etc. They rarely charge a card processing fee, yet they pay high fees to the card companies.

That's an interesting analysis, but I'm not seeing what difference it makes what type of exchangeable value is used for what. The value transfers though the economy in different channels and through different recipients, but the value doesn't diminish, unless of course there's inflation or if someone stuffs the money in an Sparkletts bottle, where it never gets used.

 

[chic]

I always use a card when shopping , but keep a Ton =£100 in cash for incase I need a Taxi or a purchase in cash ..

And when the electricity goes out, stores will still accept cash but not CC because the computers don't work.

 

[chic]

Cash is king for me when physically shopping for purchases under a certain dollar amount (grocery store, gas, post office, etc). I also like the privacy and anonymity of cash. The credit card is reserved for online shopping and bills.

Ditto my dear. I trend towards the same. Why should anyone be watching/interested in where I spend my money and what I spend it on. No, I'm not a criminal. The criminals are the folks who want to surveil my life and all aspects of it 24/7.

 

[oldman]

I try to use my United credit card as often as possible to build miles to use to upgrade my tickets to FC. I get free travel, but only in coach and on standby, but if I book using points to upgrade, I get a confirmed reservation.