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Author Topic: Do You Still Carry Cash?? Back to Topics
zippylady

Champion Author
Toronto

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Message Posted: Sep 11, 2005 3:00:05 PM

In this age of Debit cards and Credit cards, do you still carry cash??

I use credit cards for most purchases but I still carry a little cash
for small purchases like a drink or lottery tickets.

My grown kids never carry cash..for anything, they use debit cards.

What about you??? Is cash nearly dead??
REPLIES (newest first) Post a Reply
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TheRealDeal78
Champion Author Bakersfield

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Message Posted: Sep 22, 2014 3:52:17 AM

A few dollars. Usually what I get from recycling my cans.
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panj
Champion Author Pennsylvania

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Message Posted: Sep 6, 2014 12:56:16 AM

yes to hand out and drop on the ground
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taxguy
Champion Author Columbus

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Message Posted: Sep 4, 2014 10:11:11 AM

yes
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Glasman
Champion Author South Carolina

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Message Posted: Sep 4, 2014 9:56:49 AM

yes................. j.i.c.
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andrewsayshello
Rookie Author South Carolina

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Message Posted: Sep 3, 2014 2:33:03 PM

Usually the only time I keep cash on me is when I am traveling for work so I can use it to pay tolls or to get a small snack from a gas station.
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rcsteve23
Champion Author Ohio

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Message Posted: Sep 3, 2014 1:41:44 PM

Always
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Hemond
Champion Author Providence

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Message Posted: Aug 12, 2014 3:25:51 PM

Many times you wind up spontaneously going out somewhere with a group. Someone might suggest "Let's go to that 25cent a wing place" or "lets go to the pub" or the cafe, or just go downtown.

Part of this process is a couple of members of the group having to stop at the ATM first. I'd rather bypass that step. I keep some cash on me.

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adf2240
Champion Author Minnesota

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Message Posted: Aug 12, 2014 3:13:55 PM

With the economy the way it is today, I always carry cash with me. Sometimes I do use credit cards for whatever reason, but you have to be careful on how you use your card.
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Toadman7
Champion Author Dallas

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Message Posted: Apr 9, 2014 12:57:56 PM

Sometimes I do. I normally use my debit card
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santa_banta
Rookie Author San Jose

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Message Posted: Apr 9, 2014 10:35:31 AM

little bit
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taxguy
Champion Author Columbus

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Message Posted: Apr 9, 2014 10:28:38 AM

cash reduces the chances of credit card theft
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cltncguy
Champion Author Charlotte

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Message Posted: Apr 9, 2014 7:32:51 AM

Yes, always need a few bucks in my pocket
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outlaw329
Champion Author Austin

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Message Posted: Mar 14, 2014 8:24:04 PM

Yes, why wouldn't you?
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gas_phil
Champion Author Sacramento

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Message Posted: Mar 14, 2014 5:22:15 PM

yes
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taxguy
Champion Author Columbus

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Message Posted: Mar 14, 2014 10:38:49 AM

yes, generally about $20.00
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Mizzer1
Champion Author Worcester

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Message Posted: Mar 14, 2014 10:37:51 AM

Yes
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jimbobsmith95
All-Star Author Gasbuddy

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Message Posted: Mar 14, 2014 9:43:04 AM

yes
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marcelpr
Champion Author New Orleans

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Message Posted: Mar 14, 2014 9:32:43 AM

Yes--I'm getting read to go to the bank right now to get some..
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PAplott
Champion Author Pennsylvania

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Message Posted: Mar 14, 2014 7:30:29 AM

No because my wife has it all! :/
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R209
Champion Author California

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Message Posted: Mar 14, 2014 1:59:11 AM

always
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roadrunner7669
All-Star Author Florida

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Message Posted: Mar 13, 2014 9:19:18 AM

always
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cltncguy
Champion Author Charlotte

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Message Posted: Mar 13, 2014 9:11:47 AM

always gotta have small amount
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probedjg2013
All-Star Author Louisville

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Message Posted: Mar 13, 2014 8:40:31 AM

yes just in case of a emergency
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ragerunner
Champion Author Tallahassee

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Message Posted: Mar 13, 2014 7:20:43 AM

yes very little
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leemun
Champion Author Utah

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Message Posted: Nov 29, 2013 9:10:25 PM

Hemond, they are coming for you sooner or later.
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leemun
Champion Author Utah

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Message Posted: Nov 29, 2013 9:06:01 PM

Yeah, the pop machine doesn't take credit cards, though the parking meters do.
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Mel5253
Champion Author Wisconsin

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Message Posted: Nov 29, 2013 8:10:12 PM

Yes i do.
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pagbowl
All-Star Author Pennsylvania

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Message Posted: Nov 29, 2013 4:54:58 PM

Yes
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R209
Champion Author California

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Message Posted: Nov 18, 2013 3:31:39 PM

yes
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olefin
Champion Author Arkansas

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Message Posted: Nov 17, 2013 6:47:43 PM

Very little cash for seldom have a need for it.
Have used cash award credit cards since 1986, for the last 20 years for all purchases. Never paid a penny in interest but have collected 1000's tax free dollars. :)
Never had a debit card or used an ATM and never will!
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tigerhater
Champion Author Toronto

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Message Posted: Nov 17, 2013 2:44:16 PM

yes and I don't have a debit card
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LonghornBubba
Champion Author Houston

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Message Posted: Nov 17, 2013 2:43:28 PM

yes
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thorman52
Champion Author South Bend

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Message Posted: Nov 17, 2013 2:17:57 PM

Always carry cash when I have it.
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nichols
Champion Author Halifax

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Message Posted: Nov 17, 2013 10:05:15 AM

small amount
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countrychick6
Champion Author British Columbia

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Message Posted: Nov 15, 2013 11:12:11 PM

yes, always carry a little
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coachandfan
Champion Author London

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Message Posted: Nov 15, 2013 10:53:18 PM

yes
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gas_phil
Champion Author Sacramento

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Message Posted: Nov 15, 2013 10:27:54 PM

yes
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buddyro1
Champion Author Georgia

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Message Posted: Nov 15, 2013 6:25:02 PM

Not very much, $5 or $10 at most.
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pagbowl
All-Star Author Pennsylvania

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Message Posted: Nov 15, 2013 5:33:39 PM

Yes
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LonghornBubba
Champion Author Houston

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Message Posted: Sep 13, 2013 7:50:57 AM

yes
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Grant463
Champion Author Mississippi

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Message Posted: Sep 13, 2013 7:38:27 AM

A little.
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cv
Champion Author Raleigh

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Message Posted: Sep 13, 2013 6:36:42 AM

Just enough to keep small purchases off my card.
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Glasman
Champion Author South Carolina

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Message Posted: Sep 13, 2013 6:05:27 AM

do they still print that stuff ?
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Gas4Gore
Champion Author Detroit

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Message Posted: Sep 12, 2013 11:21:59 PM

Yes
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gas_too_high
Champion Author Columbus

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Message Posted: Sep 12, 2013 10:56:32 PM

Wow, you're more paranoid than I thought!

GTH
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Hemond
Champion Author Providence

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Message Posted: Sep 11, 2013 11:58:45 PM

:::::Hemond, if you want to know more, just Google the phrase "anti-money-laundering".::::


Why? I'm pretty much expert on the subject and could likely write the book. (and I learned a lot from bank tellers informing me of the rules.)

Also, I haven't used Google in years. Much too dangerous. I use anonymous search, thru an anonymous browser, and if truly critical, thru an anonymous proxy.
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gas_too_high
Champion Author Columbus

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Message Posted: Sep 11, 2013 10:09:49 PM

Hemond, if you want to know more, just Google the phrase "anti-money-laundering". And reflect on this: While many are concerned about NSA surveillance on emails and phone calls, other government agencies have had us under financial surveillance that few if anyone are concerned about, because it's "anti-money-laundering".

GTH
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BayleeBuggy
Champion Author Toronto

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Message Posted: Sep 10, 2013 11:43:58 PM

I remember going into (or out of?) the US, by plane I think. One of the officials asked how much cash I had, which was uner 100. Apparently they were looking for anyone carrying over $10,000, but I of course burst out laughing at the mere idea of having that much cash around for any reason at all.
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Hemond
Champion Author Providence

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Message Posted: Sep 7, 2013 10:19:53 AM

:::::::I think the point is not the period of time as such, but whether or not there is a "purpose of evading or circumventing the mandatory $10,000 reporting law."::::


And how is such a thing defined in the law. does the law you reference specifically state things this way? Looks like another big loophole. And who is going to enforce this? Let alone who is going to find violators? Not to mention that the bank clerk essentially tells you how to avoid the law.


::::::::Not at all. If you account for those cash transactions in our own books and pay applicable income and sales taxes as required, they are not "off the books.":::


Careful, you'll have to address all the millions of illegal border jumpers here who are strictly off the books. Including their businesses and their income. A place where no politico wants to go. Not to mention just about every plumber, electrician, roofer and miscellaneous tradesman. All those businesses both legal and illegal are off the books.

Having 2 sets of "books" is already extremely common, yet the Feds don't seem to be able to address this, if they care. Even if they did care, they have their hands full. And with Obamacare coming in? They will really have their hands full with enforcement.


No my friend, this law is like so many others. Just something in the record and easily danced around.


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gas_too_high
Champion Author Columbus

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Message Posted: Sep 6, 2013 10:38:48 PM

Hemond: "Plus what is meant by 'multiple withdrawals in a short amount of time'?"

I think the point is not the period of time as such, but whether or not there is a "purpose of evading or circumventing the mandatory $10,000 reporting law."

If you made those withdrawals from different bank branches, you could always say that you didn't think a single branch would have all the cash you needed, or something like that.

"You have confused cash transactions with "off the books" transactions."

Not at all. If you account for those cash transactions in our own books and pay applicable income and sales taxes as required, they are not "off the books."

"In any case, circumventing US tax law is a time honored tradition. It is practiced daily by the biggest US corporations."

There is a difference between "tax avoidance," that is, conducting your business to avoid tax liability, and "tax evasion," that is, deliberately hiding income so as not to pay taxes that are lawfully due.

(BTW, this is a problem I have with the cash "structuring" law. I see little practical difference between conducting your business to avoid tax liability and conducting your business to avoid a currency reporting requirement. But one is legal and the other is not, for no other rationale than the Feds say so).

GTH
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