This is another reason why you should always Carry Cash

I always keep cash too. Always carry some too. Tried to use my debit card at grocery last week and would not go through...paid cash.
Called my bank about it and they said sometimes the chip or magnetic strip goes bad. They are sending me a new one
 

I have all my bills on auto pay thru my credit card. I then authorize a bank draft every month to pay the credit card bill. I feel like I am pretty safe with this.

Nobody has or ever will be given authority to withdraw directly from my bank account.
 
An Emergency stash is always a wise choice. Debit cards declined, glitch, Credit cards locked in the pump ect.
Cash at the time can be great. One day it all will be on the phone most likely thru a chip you wear somewhere.

I like the paper trail every month. A list I can scan on the Printed paper. Not against Auto payment of needful stuff.
You know, water bill, Cellular Bill, Internet Bill. The rest is worth a stamp to me.
 

hollydolly said:
well the govt all around the western world are trying all sorts of tricks to get us to give up cash.

They thought they'd managed it during Covid where stores country wide here refused to take possibly ''tainted'' filthy lucre.. as payment for anything, and demanded card only, but people rallied against it, and once the lockdown was over everyone went back to accepting cash in the stores again... but this will be a continual problem.. the govt will keep hammering at this..
The 15 minute cities.. the control over finances by ensuring that people don't get to secure money without the government knowing about it... it's all coming very fast...

Banks are closing here at a rate of Knots... many towns have no bricks and mortar banks at all any more here.... again forcing people to deal with money online.. to use just Card for spending.. and in some branches if a certain amount in cash is withdrawn from a personal account the cashier is now being ordered to ask what the money is for....
Click to expand...
This reminds me of China. They use cards all the time.
 
hollydolly said:
yep ..you're the complete other side of the coin..no pun intended...

There is definitely a need for Credit and Debit cards... but ease of use, laziness, perceived safety.. has turned the western world into puppets of the master... and before long the majority will cause us to become the Slaves of Big Brother..

As you are already aware Deb, once you have no independent control over your finances and it's taken by the Govt of the day... then you have lost control of most other things in your own life..

It's already happening...fast, with the disappearance of Bricks and mortar banks meaning people have less access to cash, forcing them to use card to shop online or instore...

Information, independent thought, and freedom will eventually be restricted..(information is already severely restricted in many places in the west and especially so in the East ) and sadly the majority don't realise it..... . A figurehead or concept will eventually worshipped by the citizens of the society. Citizens are perceived to be under constant surveillance. ( and there is nowhere more watched than China and the UK ) and eventually Citizens will have a fear of the outside world.
Click to expand...
I agree with your concerns, especially when you mentioned surveillance by China. We are also getting there in the US. It is good to not rely solely on credit cards. They leave a trail of everything we do, every action, every decision. I switch from credit to cash often, and having a six month backup, like cash, is key.
 
palides2021 said:
I agree with your concerns, especially when you mentioned surveillance by China. We are also getting there in the US. It is good to not rely solely on credit cards. They leave a trail of everything we do, every action, every decision. I switch from credit to cash often, and having a six month backup, like cash, is key.
Click to expand...
excellent, this is really what everyone should be trying to do if they don't want to be give control of their finances to the govt.. once people lose control of their own finances, we lose control of our own lives..
 
palides2021 said:
This reminds me of China. They use cards all the time.
Click to expand...
..and now that they do.. they are given points on their financial records, so if they've ever been in trouble with the law, or if they've got a poor financial score then it affects many things they're able to do... I posted a video of it not long ago..here ...and we'd be fools not to believe it's going to happen in the west. The enormous loss of Bricks and mortar banks .. the huge rise in online shopping.. .. are just the start of it...
 
hollydolly said:
..and now that they do.. they are given points on their financial records, so if they've ever been in trouble with the law, or if they've got a poor financial score then it affects many things they're able to do... I posted a video of it not long ago..here ...and we'd be fools not to believe it's going to happen in the west. The enormous loss of Bricks and mortar banks .. the huge rise in online shopping.. .. are just the start of it...
Click to expand...
I think I saw that video. I shudder at how the Chinese are being treated under their communist government. I think though, as long as we live in a democratic country, there is hope (I believe) that this will not happen to us. I hope I am not wrong! There are so many variables which makes it hard to predict.
 
Blessed said:
I do pay for everything by credit card. I get cash back rewards by doing so. I have a few household bills that are set up for direct payment through the bank. I do keep cash at home for emergencies like the one you describe. I do not carry large amounts of cash in purse unless I know I am going somewhere it is required.

Right now, in my purse is six dollars and a lot of quarters. The quarters are for use at the library, sending faxes or making copies. For the Aldi carts. For the gas station to fill my tires. For the self carwash and vaccum. Once in a while for the laundry mat, when I go to do large comforters, dog beds, etc.

This has worked well for me. All of the groceries are close to home so if needed, I can have them hold my cart, run home and get the cash. I guess I am overly cautious but criminals are more than happy to grab your purse and run. I carry one credit card so it can be easily shut down. A credit card also offers the protection to dispute a charge if there is a problem.
Click to expand...
Ditto! I do always carry a $20 bill in my wallet, usually to get change for tips at the car wash. I also keep cash at home. I have quarters in my car to fill my tires.

I use my credit card all the time. Not only do I get cash back and savings at some retailers, it also build's ones credit score if the bill is paid off every month. I rarely finance anything, but we did lease my hubby's car a year ago and it was my credit score that helped lower the payments.
 
seadoug said:
Ditto! I do always carry a $20 bill in my wallet, usually to get change for tips at the car wash. I also keep cash at home. I have quarters in my car to fill my tires.

I use my credit card all the time. Not only do I get cash back and savings at some retailers, it also build's ones credit score if the bill is paid off every month. I rarely finance anything, but we did lease my hubby's car a year ago and it was my credit score that helped lower the payments.
Click to expand...
trouble is..that's how they encourage you to use cards instead of cash to give you cashback incentives...
 
Look at the game winning basket, you get Accident hit going shopping. It's your fault the LEO say. You pay your deductible and
a few weeks later your insurance Co. Cancels you. You have a lot of medical bills, your Medicare ends, your Blue Cross Blue shield ends.
Just who is the looser when it comes to Home Delivery of online stuff vs driving around all day buying stuff at Waldo, k's. Hoss Depot
and etc. Some lil old lady then runs you over in front of Waldo World. ..... You spend time in rehab, then buy a power chair and drive
across an intersection to go to a Good will and get hit by a speeding Teenager on a Power Scooter. Once again you do it again.
Now you wear braces, operate a 4 X 4 UTV in the old fold trailer park and a Bear knocks you off it. Uh Hu U R lunch.

All the above is just joking, U'r most likely to get mugged robbed and knocked into dementia just because you're Got several $100
in cash on you and you keep going to the same places, you're a really Onery Old Fart.
 
Last edited:
I use cash more than most people, I know many people who use card for everything. Very few places in Australia one cannot use card and some you cannot use cash.
I have a debit card and a separate credit card - if there is some glitch with one, I have the other to fall back on.
I also pay bills by internet banking.
We have had a few glitches within companies like McDonald's system failure one day. I would suggest keeping small amount of cash tucked in a section of wallet or glove box of car, say $20, just in case.

I use more cash because I am used to it and, for me, easier to manage day to day finance - not because I think there is some govt agenda or great ideology to doing so or not doing so.
 
Iā€™ve always preferred cash for small transactions of around $20 and underā€¦I simply donā€™t want the bookkeeping responsibilities for frequent and trivial amounts of outflow. I was frustrated during the pandemic when a local ice cream emporium refused to accept cash but required a card for the price of a single ice cream cone. The currency might have been tainted by a killer virus, donā€™t ā€™ya know. Paranoia was in season. Fortunately, that didnā€™t last longā€¦ šŸ¦

I also miss hard paper copies of things. I grew up with paper report cards in school, and paper bank books that were date stamped and written in by a breathing, actual human being for transactions. Itā€™s so nice to hold physical evidence of something in your hands, rather than trusting to electronic data floating around in the ā€œcloudā€ somewhereā€¦ *sighs* ā˜ļø
 
Stock trader Michael Taylor told MailOnline: 'This outage highlights how vulnerable payment systems and society as a whole are.

'Fewer people are carrying cash now and the result is a more fragile society, where payments are prone to outages and even hacks.

'The reliance on technology makes things more productive.. until something bad happens.

'What will happen is we see bigger and bigger problems as outages become more serious and we are more reliant on tech. I believe there are many more issues to come.'

Frustrated shoppers took to X to express their fears of a cashless society.

One user posted: 'This is what will happen if we ever move to a cashless society people. Total disaster'.

Another said: 'Just a taster of what a cashless society will look like.'
 
Fyrefox said:
Iā€™ve always preferred cash for small transactions of around $20 and underā€¦I simply donā€™t want the bookkeeping responsibilities for frequent and trivial amounts of outflow. I was frustrated during the pandemic when a local ice cream emporium refused to accept cash but required a card for the price of a single ice cream cone. The currency might have been tainted by a killer virus, donā€™t ā€™ya know. Paranoia was in season. Fortunately, that didnā€™t last longā€¦ šŸ¦

I also miss hard paper copies of things. I grew up with paper report cards in school, and paper bank books that were date stamped and written in by a breathing, actual human being for transactions. Itā€™s so nice to hold physical evidence of something in your hands, rather than trusting to electronic data floating around in the ā€œcloudā€ somewhereā€¦ *sighs* ā˜ļø
Click to expand...
I insist on paper bills. I pay my bills online... that's the main exception I have to cash... but I insist on having the hard copy bill sent to me for all my bills despite constant pressure from the companies to have electronic bills...and in several cases over the years I'm glad I do, because there's been issues with the payments, and I have had to photocopy the proof...
 
I also prefer to have paper bills to have records of things. There is something about the actual reading of a hard copy, I feel it is very easy for me to miss something on the computer. I also prefer to have hard copies of my financial accounts. That way there is no way that I doctored any document in any way of a problem has to be disputed.
 
I've gone completely cashless, although I carry cash in my wallet. Somehow using cards for purchases hasn't yet turned me into a robot slave of the state. Yeah, there are times when cards don't work, and there are times when your cash is in your wallet, which sitting back home on the kitchen counter. And what happens if you have an unplanned need for money- say a brand new car tire, and you don't have enough cash on you?
I don't see any reason to walk around with large amounts of cash, when cards do a great job.
 
fuzzybuddy said:
I've gone completely cashless, although I carry cash in my wallet. Somehow using cards for purchases hasn't yet turned me into a robot slave of the state. Yeah, there are times when cards don't work, and there are times when your cash is in your wallet, which sitting back home on the kitchen counter. And what happens if you have an unplanned need for money- say a brand new car tire, and you don't have enough cash on you?
I don't see any reason to walk around with large amounts of cash, when cards do a great job.
Click to expand...
no-one is inferring anyone should walk around flashing large amounts of cash... but the future is not bright for cash if people continue to use cards for every little purchase... using cash for at least half f your purchases would make a huge difference..
 
People just do what is convenient for them. And for many people that is using card for everything. Personal choice.

Other than the suggestion to have small amount of cash as a backup, people are not going to start using cash for half their purchases if they don't want to.
 
I always carry cash in my wallet, and I'll never stop. Online I use my credit card. At Walmart, Price Chopper, Save a Lot, I pay by check. The dollar stores I pay by cash. Each week I'll withdraw about $50 from my bank for gas and when I go to small stores.
 
I've mentioned this before in the financial threads. I'm an advocate of paying for just about everything with credit cards. This nets me a lot of money in cash backs, plus it actually helps me keep better track of my finances, unlike many who say they have better control using cash.
But I always carry cash. Now it's usually somewhere between $70 and $100 but used to be upwards of $200. I do so not only because things like you mentioned in your post could happen, but before the age of Uber & Lyfts...I thought what if I got stranded somewhere and need to take a cab home. I also have a cash stash at home. I found out how handy that was when the pandemic hit and the banks around here were closed.
 

You must log in or register to reply here.

Back
Top