serial_crusher: If you're not paying the entire balance of your credit card off every month, you're doing it wrong.
Maud Dib: Works for me when the panhandlers catch you at the gas pump.I just hold up my debit card and say, "Sorry, man".
Theaetetus: Bankrate analyst Greg McBride says the connection between the reports is evident. "People carry little in the way of cash because they prefer the convenience of paying with plastic, have rewards programs that incentivize them to do so, and have protection from unauthorized debit and credit card transactions, unlike cash," he said.What's financially illiterate about that, Subby? Are you just upset because I get a 2% discount on every purchase, subsidized by you?
Smeggy Smurf: The only time I have $50 in cash is when I go to the bar. I don't want to have an open tab if I need to get out in a hurry
You're the jerk... jerk: Smeggy Smurf: The only time I have $50 in cash is when I go to the bar. I don't want to have an open tab if I need to get out in a hurryI'll bite, why do you ever need to leave in that much of a hurry?
AeAe: I carry at least $200 in cash. I try to avoid going to the ATM any more than I have to.
Super Chronic: While the cashless trend may not be good for the greenback, Simon Financial President Saul Simon says it's really not good for consumers, either. "Turning to plastic is dangerous. It becomes a crux for [shoppers] and this is precisely how bad habits and debts are formed. No matter what you do, you should always carry extra cash."I assume the word you're looking for is "crutch"?
Super Chronic: AeAe: I carry at least $200 in cash. I try to avoid going to the ATM any more than I have to.Same. I like having the theoretical ability to make a relatively significant purchase in cash, if needed. Not that I ever really find myself needing to.
monoski: Super Chronic: AeAe: I carry at least $200 in cash. I try to avoid going to the ATM any more than I have to.Same. I like having the theoretical ability to make a relatively significant purchase in cash, if needed. Not that I ever really find myself needing to.Plus it sucks when you find that place where they don't take cards like a parking lot in Philly where you then have to go on an ATM search.
Super Chronic: But we're all in agreement that you need at least three or four hundred in cash, mostly twenties, when you go to the strip club, right?
durbnpoisn: I carry less than $20 on me at any given time. I pay for everything with a debit card. I have a credit card. But I only use that in a pinch, and I pay off the balance every month (well, I leave a little on there because I'm trying to build my credit rating).I've been through the whole "destroy your credit with credit cards" thing. I ain't doing that shiat again.
arjayct: Headline fail.Makes no sense without quantifying how many Americans are financially illiterate.
Lars The Canadian Viking: I carry ~1k in cash.
Nem Wan: Carrying cash is passe even in virtual worlds: GTA Online started with a cash and bank system so you had to carry cash to spend (with risk of being mugged) or put it in the bank to be safe (but then you couldn't pay for some things), but gradually Rockstar has caved to players wanting to spend directly from the bank account and now you hardly need to carry cash in game.
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