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zippylady Champion Author Toronto Posts:38,450 Points:2,779,805 Joined:Aug 2005	Message Posted: Sep 11, 2005 3:00:05 PM Ignore zippylady Report Abuse 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??

zippylady

Champion Author
Toronto

Posts:38,450
Points:2,779,805
Joined:Aug 2005

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

Ignore zippylady Report Abuse

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??

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63pioneer Champion Author Texas Posts:1,681 Points:57,130 Joined:Feb 2012	Message Posted: May 13, 2013 10:03:17 AM Ignore 63pioneer Report Abuse A litlle!
Bad_Petroleum Champion Author Miami Posts:10,790 Points:129,780 Joined:Jan 2013	Message Posted: Apr 24, 2013 4:54:49 PM Ignore Bad_Petroleum Report Abuse almost NONE ..I use my Debit cards just about for everything
kinger9976433 Rookie Author California Posts:42 Points:113,600 Joined:Apr 2011	Message Posted: Apr 21, 2013 12:17:41 AM Ignore kinger9976433 Report Abuse cash only
jonjon57 Champion Author Raleigh Posts:2,442 Points:633,935 Joined:May 2011	Message Posted: Apr 20, 2013 11:23:08 PM Ignore jonjon57 Report Abuse Yes
nraacct Champion Author North Carolina Posts:6,872 Points:1,468,750 Joined:Jul 2004	Message Posted: Apr 20, 2013 8:28:35 PM Ignore nraacct Report Abuse Yes
priver Veteran Author Alberta Posts:408 Points:34,585 Joined:Apr 2013	Message Posted: Apr 20, 2013 1:28:20 PM Ignore priver Report Abuse I have to, got kids!!
Hemond Champion Author Providence Posts:8,175 Points:133,425 Joined:Oct 2006	Message Posted: Mar 21, 2013 12:35:35 PM Ignore Hemond Report Abuse I really hate to carry cash but of late I've been carrying (for me) large amounts. Much more comfortable having $40 in my pocket. Last week I had $700 on me all week. I'm afraid of losing it, losing my wallet, or being held up. It is a PITA to carry cash.
coachandfan Champion Author London Posts:2,014 Points:479,650 Joined:Aug 2011	Message Posted: Mar 21, 2013 9:00:47 AM Ignore coachandfan Report Abuse yes
bpasta Champion Author Ohio Posts:2,672 Points:447,380 Joined:Nov 2010	Message Posted: Mar 21, 2013 8:36:03 AM Ignore bpasta Report Abuse yes
bhpj45 Champion Author Miami Posts:7,484 Points:1,452,805 Joined:Mar 2008	Message Posted: Mar 21, 2013 8:31:11 AM Ignore bhpj45 Report Abuse Yes
kdog311 Champion Author Dallas Posts:3,826 Points:695,545 Joined:May 2011	Message Posted: Mar 21, 2013 8:09:46 AM Ignore kdog311 Report Abuse No
silvereb Veteran Author Fort Wayne Posts:446 Points:239,805 Joined:May 2011	Message Posted: Mar 21, 2013 6:57:07 AM Ignore silvereb Report Abuse I carry very little unless I'm buying something I don't want Uncle Sam to know about!
steffy628 Champion Author Pennsylvania Posts:1,771 Points:450,275 Joined:Apr 2011	Message Posted: Mar 21, 2013 5:42:12 AM Ignore steffy628 Report Abuse Yes
gas_phil Champion Author Sacramento Posts:1,554 Points:125,540 Joined:Aug 2012	Message Posted: Mar 21, 2013 3:24:55 AM Ignore gas_phil Report Abuse sometimes a little, sometimes a lot
sharansri All-Star Author Seattle Posts:516 Points:103,740 Joined:Jan 2013	Message Posted: Mar 21, 2013 1:27:41 AM Ignore sharansri Report Abuse little
waynecz Sophomore Author Indiana Posts:211 Points:222,525 Joined:Jul 2012	Message Posted: Mar 21, 2013 12:21:58 AM Ignore waynecz Report Abuse yes but not enough to even fill up a gas tank anymore
Sneakers55 Champion Author Houston Posts:51,297 Points:2,143,175 Joined:Nov 2005	Message Posted: Mar 21, 2013 12:16:23 AM Ignore Sneakers55 Report Abuse I had to pay $5.23 to Harris County, Texas. Only cash and checks accepted. I decided it was easier to give them a $20 bill. However, the personalized plates were $70 and I ordered them online and paid with a credit card.
dgsteven All-Star Author Los Angeles Posts:797 Points:206,800 Joined:Oct 2012	Message Posted: Mar 17, 2013 4:27:38 AM Ignore dgsteven Report Abuse yes
ray51 Champion Author Cincinnati Posts:5,338 Points:1,341,500 Joined:May 2005	Message Posted: Mar 15, 2013 12:11:43 AM Ignore ray51 Report Abuse yes.
coachandfan Champion Author London Posts:2,014 Points:479,650 Joined:Aug 2011	Message Posted: Mar 14, 2013 10:13:44 PM Ignore coachandfan Report Abuse yes
chocolateflash Champion Author San Diego Posts:14,694 Points:2,685,595 Joined:Apr 2005	Message Posted: Mar 14, 2013 10:07:53 PM Ignore chocolateflash Report Abuse To stay out of any kind of debt I only use cash so it follows that I must carry it with me--as much of it as I can get. If one can't pay for something, no matter how mundane, he doesn't need it.
Z12 Champion Author Toledo Posts:3,657 Points:758,710 Joined:Mar 2011	Message Posted: Mar 14, 2013 10:00:33 PM Ignore Z12 Report Abuse Yes
ams040493 Veteran Author Pittsburgh Posts:461 Points:410,390 Joined:Aug 2011	Message Posted: Mar 14, 2013 9:27:23 PM Ignore ams040493 Report Abuse yes
maddog57 Champion Author Winston-Salem Posts:137,742 Points:2,667,750 Joined:Oct 2005	Message Posted: Mar 14, 2013 8:43:04 PM Ignore maddog57 Report Abuse Very little....
minookaband Rookie Author Illinois Posts:94 Points:18,470 Joined:Dec 2012	Message Posted: Mar 10, 2013 9:40:48 PM Ignore minookaband Report Abuse very little, usually under 20 bucks.
neofinoy Sophomore Author Long Island Posts:182 Points:55,260 Joined:Dec 2012	Message Posted: Mar 10, 2013 3:13:08 PM Ignore neofinoy Report Abuse sometimes.
LuckyD43 Champion Author Long Island Posts:31,990 Points:2,167,095 Joined:Apr 2005	Message Posted: Mar 10, 2013 2:59:40 PM Ignore LuckyD43 Report Abuse Of course I do, but not too much of it.
prius22 Champion Author Twin Cities Posts:2,214 Points:388,310 Joined:Apr 2012	Message Posted: Feb 1, 2013 12:53:38 PM Ignore prius22 Report Abuse Uh, yeah.
gravie314 All-Star Author South Carolina Posts:650 Points:261,925 Joined:May 2008	Message Posted: Jan 25, 2013 7:31:29 AM Ignore gravie314 Report Abuse Yes, but it is so hard to remember to get some.
glambgirl Champion Author Victoria Posts:2,345 Points:296,530 Joined:Feb 2012	Message Posted: Jan 25, 2013 3:02:02 AM Ignore glambgirl Report Abuse Of course.
MisterJohnny Champion Author Chicago Posts:7,701 Points:559,705 Joined:Jan 2008	Message Posted: Jan 25, 2013 1:06:12 AM Ignore MisterJohnny Report Abuse Yes
Hemond Champion Author Providence Posts:8,175 Points:133,425 Joined:Oct 2006	Message Posted: Jan 25, 2013 12:24:23 AM Ignore Hemond Report Abuse :::: Or perhaps they would skip the questions and just file a SAR whenever you took out more than $2000 at a time. You would never know.::: In that case I would stop making formal deposits in bank savings and checking instruments. I would strictly use my safe deposit box. I will keep cash in the box and when I need to add or subtract, I will go into the bank and privately take out what I need. I have seen people doing this and have wondered why. Now I have some insights. I will also investigate use of retail money market funds as savings instruments. I will determine if short term investment instruments like the money market suffer from the same abusive practices you describe. I will also consider simply using a BOA Visa card as a savings instrument. BOA will accept whatever amounts you wish to deposit as a credit balance and withdraw it as cash as I see fit. I've done some amateur arbitrage where I had $18,000 on a BOA Visa as a credit balance - they accepted the deposit with no questions asked. What I won't do is meekly submit to the abuses you describe from the IRS and the federal government. It is our duty as citizens to resist such practices with any and all means possible.
playtimeCLE Champion Author Cleveland Posts:8,555 Points:1,543,400 Joined:Nov 2008	Message Posted: Jan 24, 2013 6:29:11 PM Ignore playtimeCLE Report Abuse Very little.
freedom27 Champion Author Calgary Posts:2,264 Points:284,300 Joined:Aug 2005	Message Posted: Jan 24, 2013 5:09:14 PM Ignore freedom27 Report Abuse Usually $20 or less. I like tracking my transactions on debit.
gas_too_high Champion Author Columbus Posts:11,540 Points:1,933,360 Joined:Aug 2005	Message Posted: Jan 24, 2013 2:16:29 PM Ignore gas_too_high Report Abuse Hemond: "Under no circumstances should any American disclose to some pimply faced 2 bit clerk in a bank what they are using their money for." You would be shocked how little privacy your financial transactions have. The IRS and a wide variety of law enforcement agencies can get your bank statements without a court order. The CTR and the SAR requirement extend that lack of privacy to cash transactions. Google "Bank Secrecy Act" or "Anti-money laudering" for more of the gory details. If you protested as you describe, and ended up closing your account and going to another bank, that bank would have the same requirements. You might get an abject apology that would mean absolutely nothing, except the next time the question were asked, it would be more subtle and polite. Or perhaps they would skip the questions and just file a SAR whenever you took out more than $2000 at a time. You would never know. GTH [Edited by: gas_too_high at 1/24/2013 2:18:06 PM EST]
weenoo215 Veteran Author Illinois Posts:372 Points:40,720 Joined:Jan 2013	Message Posted: Jan 23, 2013 11:18:57 PM Ignore weenoo215 Report Abuse yes, but very little
ruda Sophomore Author New York Posts:225 Points:437,280 Joined:Jul 2009	Message Posted: Jan 23, 2013 11:15:35 PM Ignore ruda Report Abuse yes
Hemond Champion Author Providence Posts:8,175 Points:133,425 Joined:Oct 2006	Message Posted: Jan 23, 2013 10:36:04 PM Ignore Hemond Report Abuse ::::Last year, I bought a used car from a private seller who requested the sale price of $8000 be paid in cash. When I withdrew that cash from my bank, the teller asked me offhandedly if I were buying a car. I responded, "Yes.' Had I not answered the question or answered it in such a way as to be deemed "suspicious," the bank would have been required to report that transaction to the government as a "Suspicious Activity Report." ::: If a teller ever dares ask what I'm using my own money for, I will immediately go to the bank manager and loudly raise cain. I will insist on having the teller disciplined. If the supervisor balks I would immediately close my checking, savings, lines of credit, bank Visa, and deposit box. Under no circumstances should any American disclose to some pimply faced 2 bit clerk in a bank what they are using their money for.
R209 Champion Author California Posts:6,554 Points:241,595 Joined:Jul 2012	Message Posted: Jan 23, 2013 7:41:56 PM Ignore R209 Report Abuse yes
coachandfan Champion Author London Posts:2,014 Points:479,650 Joined:Aug 2011	Message Posted: Jan 23, 2013 6:14:00 PM Ignore coachandfan Report Abuse no
gas_too_high Champion Author Columbus Posts:11,540 Points:1,933,360 Joined:Aug 2005	Message Posted: Jan 23, 2013 4:40:31 PM Ignore gas_too_high Report Abuse There are several examples of reports that various business have to make. Let me give you an example. Last year, I bought a used car from a private seller who requested the sale price of $8000 be paid in cash. When I withdrew that cash from my bank, the teller asked me offhandedly if I were buying a car. I responded, "Yes.' Had I not answered the question or answered it in such a way as to be deemed "suspicious," the bank would have been required to report that transaction to the government as a "Suspicious Activity Report." And they would have been required not to inform me of that report. That applies to any cash transaction above $2000. Had I made a cash withdrawal of $10,000 or more, they would have had to file a "Currency Transaction Report" regardless of any apparent reason. Both of these are required as part of the government's "Anti-Money Laundering" effort (which to me is more of an an anti-cash effort). Other reports apply to making payments, cash or otherwise, from businesses to outside contractors, if certain thresholds are exceeded. Those are reported on IRS Form 1099 and the thresholds can be as small as $600 to the same person in one year. That is what is mostly likely to apply to you. In this case, the IRS is trying to get its taxes, and I doubt if they care about the person's legal status -- or what your business realities are. Again, I don't know how likely it is for the IRS to find out. I simply think you should look into it and make an informed choice. GTH [Edited by: gas_too_high at 1/23/2013 4:41:03 PM EST]
Hemond Champion Author Providence Posts:8,175 Points:133,425 Joined:Oct 2006	Message Posted: Jan 23, 2013 2:57:16 PM Ignore Hemond Report Abuse All I'm saying is the entire neighborhood if not the city and the state is chock full of illegals from a selection of South and Central American countries. Not to mention various Asian and European illegals I've encountered. The Feds aren't in the least concerned with these folk living openly as illegal criminal law breakers. Just the opposite. The give them welfare, food stamps, housing, legal and medical aide, heating assistance, college tuition, driver licences, allow them to vote, shucks... they probably get Obamaphones too. All I'm saying is since the feds aren't the least concerned with all the illegals, why would they be concerned with these same illegals using cash to conduct their off the books businesses? Then again, since I am a legal citizen without the advantages of being a criminal border jumper, the feds would probably go after me big time. Maybe you're right!
lightbulbman2008 Champion Author Worcester Posts:414,500 Points:1,586,660 Joined:Oct 2008	Message Posted: Jan 23, 2013 2:19:44 PM Ignore lightbulbman2008 Report Abuse all the time...
gas_too_high Champion Author Columbus Posts:11,540 Points:1,933,360 Joined:Aug 2005	Message Posted: Jan 23, 2013 1:49:38 PM Ignore gas_too_high Report Abuse Hemond, as far as I am concerned, you can pay anyone in any mutually agreeable way in your business. I was merely pointing out the existence of certain IRS regulations that may be relevant. Just know what you might be getting into. Admittedly, the risk might be small. But it exists, and you should take it into consideration. I'm just sayin'. I am certainly aware that certain occupations are frequently conducted "off the books" for a whole host of reasons, and not just because some participants are illegal aliens. GTH
c2bravo Champion Author Indiana Posts:2,241 Points:114,015 Joined:May 2008	Message Posted: Jan 22, 2013 1:56:13 PM Ignore c2bravo Report Abuse rarely
mistahocky Rookie Author Chicago Posts:65 Points:523,230 Joined:May 2011	Message Posted: Jan 22, 2013 1:16:10 PM Ignore mistahocky Report Abuse sometimes
Hemond Champion Author Providence Posts:8,175 Points:133,425 Joined:Oct 2006	Message Posted: Jan 22, 2013 1:00:38 PM Ignore Hemond Report Abuse ::::If you are regularly making large cash payments to subcontractors, you should be aware of IRS reporting requirements if you exceed certain thresholds::::: Thats all well and good but goes out the window when you are dealing with ghetto culture. Illegals come from a world where their own currency is worthless and not to be trusted. They have been using US dollars for generations in their own country and trust it. Second they don't use checks, banks, credit cards, loans, or financing. They pay cash. What they don't understand is the US dollar itself is close to worthless under the current administration's policies. It will soon join the basket of south and central American currencies in the trash heap.
gas_too_high Champion Author Columbus Posts:11,540 Points:1,933,360 Joined:Aug 2005	Message Posted: Jan 22, 2013 11:13:17 AM Ignore gas_too_high Report Abuse Hemond: If you are regularly making large cash payments to subcontractors, you should be aware of IRS reporting requirements if you exceed certain thresholds (I think $10,000 at a time, but there is also a threshold for paying the same person over time). The IRS as well as several other government agencies does not like the cash only subculture, equating it (unfairly, in my view) with things from tax evasion to terrorism, under the blanket term "money laundering". They may come after you if you do not meet those reporting requirements. GTH [Edited by: gas_too_high at 1/22/2013 11:15:43 AM EST]
steffy628 Champion Author Pennsylvania Posts:1,771 Points:450,275 Joined:Apr 2011	Message Posted: Jan 22, 2013 10:05:07 AM Ignore steffy628 Report Abuse Rarely
MrDeath666 Champion Author Houston Posts:1,616 Points:243,440 Joined:Sep 2012	Message Posted: Jan 19, 2013 9:08:54 PM Ignore MrDeath666 Report Abuse Of course - to buy Lotto tickets.