GOOD ADVICE FROM THE FORUM

[Golddollar]

We have a lot of worldly experience among the people and the Forum, and they are generous in sharing it. I'm glad I listened.

There is a lot of advice as far as making sure to have some cash on hand. I had just gotten into the mindset of figuring out how my non-monthly charges pro-rate out per month, and I dedicated a particular bank account for it. I was tired of having to scamble for a lot of cash when the property tax bills came in. Last week I made my first deposit under this plan.

Well guess what? This morning I discovered that my water heater, which came with the house 16 years ago, had turned into a fountain. I called a plumber friend and he came over and put in a new water heater. Then the bill came, and I discovered he wasn't set up for credit cards. Luckily because I decided to really make an effort to accumulate cash, I wrote out two checks to the plumber and paid in full. It felt tough to pay out what I just put in the bank, but it feels good not to have that debt hanging over my head for the next credit card statement.

 

[cmj8591]

Cash is still king. Especially in the trades. Whenever I have work done at my house, I try to pay with $100 bills. I always caution the contractor that I only pay in cash if they agree not to report it to any government agencies! I've yet to have one tell me that they'd rather have a check.

 

[Tom K]

Golddollar, I'm a little confused as to what you consider "cash" to be. You say you wrote a couple of checks to pay the plumbers bill, to me that's not cash. A check can always bounce. To me (and I think to most people) cash means a stack of currency of various denominations. No banks or other institutions involved.

And although it might seem contradictory, to me a gold dollar is not cash either. One would need to know its value in today's market (in USD) before trying to pay for something with it. That essentially makes it a barter item.

 

[bigwheelzip]

I think his "cash on hand" statement extrapolates to the benefit of a "rainy day" fund.

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[ladder13]

Last 9/11 we did a salute to those who lost their lives on that day, 20 years ago, in our little community.

We had appearances by local police, fire and EMS personnel.
Residents who were either of those, or military, were asked to raise their hands.

Flag was raised, God Bless America sung.

Hot dogs, burgers and non alcoholic drinks were being offered for $5 per person, all you can eat or drink. Kids were free.

I was manning the grill with others.

The younger folks were asking if we would take debit cards, Velle or Venmo.

You don't even carry around $5 in your pocket?

My neighbor Joe, the organizer, was forced to take names and settle up later.

 

[Golddollar]

And although it might seem contradictory, to me a gold dollar is not cash either. One would need to know its value in today's market (in USD) before trying to pay for something with it. That essentially makes it a barter item.

/QUOTE]

You're correct as to actual gold coinage or tokens. That's why I refer to the dollar coins that I spread around as Golden Dollars, which are legal tender and have an acertainable metallic content. I'm pretty well known in the service clubs for using them for tips and small bar bills.

 

[Golddollar]

You don't even carry around $5 in your pocket?

My neighbor Joe, the organizer, was forced to take names and settle up later.

I feel underdressed if I don't have at least 25 Golden Dollars and 5 $2 bills in the Crown Royal bag in my pocket

 

[bigwheelzip]

The younger folks were asking if we would take debit cards, Velle or Venmo.

The grands are all comfortable using Zelle and Venmo, so I set it up for myself also, just to conveniently give them funds.





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[StakeOut]

Cash needed to get in to local gun shows and buy Lotto tickets.

 

[LoboGunLeather]

The grands are all comfortable using Zelle and Venmo, so I set it up for myself also, just to conveniently give them funds.





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I have never had to worry about creating a convenient method for giving money to the grandchildren. They have proven themselves to be very adaptive and capable of great tolerance in their acceptance modes.

 

[pharmer]

Golddollar, I'm a little confused as to what you consider "cash" to be. You say you wrote a couple of checks to pay the plumbers bill, to me that's not cash. A check can always bounce.

Paying for work done "at the house" with a bad check ain't too bright. Not like they don't know where you live. Joe

 

[bigwheelzip]

I have never had to worry about creating a convenient method for giving money to the grandchildren. They have proven themselves to be very adaptive and capable of great tolerance in their acceptance modes.

LOL. The convenience is all mine for when I want to treat them to something.
They are all far away. Five granddaughters are living away at university and I don't have their addresses, plus checks sometimes get lost.
Luckily, they are all responsible, don't need, and have never requested funds from us.


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[Ivan the Butcher]

I feel underdressed if I don't have at least 25 Golden Dollars and 5 $2 bills in the Crown Royal bag in my pocket

My dad insisted I carried a 50 or 100 dollar bill in the wallet's hidden compartment for emergencies. He gave me that first 50! This was less out of generosity than it was more laziness. He didn't want me calling him if I broke down!

I feel underdressed If I don't have a few hundred in cash on me as a slush fund for yard sale guns and ammo.

Ivan

Being retired I don't do service calls. But I help people out, and no matter what, the parts need paid for. Several young people got into jams without any cash on hand. I write my address on the back of the parts receipt. Nobody has stiffed me yet.

 

[raljr1]

Paid cash for lots of work done and things bought..saved a bunch too. Since I pay my credit cards in full each month, other than some points on the card, cash is the same...we saved almost $500 on a $4000 furniture purchase at a brick and mortar store, by asking for a cash discount. Went back with $100 bills...but i make sure I get a receipt.

Robert

 

[Golddollar]

Paying for work done "at the house" with a bad check ain't too bright. Not like they don't know where you live. Joe

That's for sure. I was just so glad that when an unexpected emergency came up that another procedure I had just come up with allowed me to have enough money in the bank to be able to write the checks.

 

[Kaarde]

Got a quote on a complete new heat pump - $6500 if credit card, $6000 if cash. Either way seems like robbery to me.

 

[bigwheelzip]

Got a quote on a complete new heat pump - $6500 if credit card, $6000 if cash. Either way seems like robbery to me.

Make it a ground-source, and a 26% Federal credit helps pay for the bore.
Some state and util credits available also.

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[Old 44 Guy]

In my long life I have found that cash speaks best and loudly.

 

[CAJUNLAWYER]

My dad insisted I carried a 50 or 100 dollar bill in the wallet's hidden compartment for emergencies.

Otherwise known as a coon*** (red neck)credit card

 

[zeke]

Last 9/11 we did a salute to those who lost their lives on that day, 20 years ago, in our little community.

We had appearances by local police, fire and EMS personnel.
Residents who were either of those, or military, were asked to raise their hands.

Flag was raised, God Bless America sung.

Hot dogs, burgers and non alcoholic drinks were being offered for $5 per person, all you can eat or drink. Kids were free.

I was manning the grill with others.

The younger folks were asking if we would take debit cards, Velle or Venmo.

You don't even carry around $5 in your pocket?

My neighbor Joe, the organizer, was forced to take names and settle up later.

Never even heard of velle or veno before. Am always asking about cash discount.