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.

 

[ladder13]

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

I've heard of them. I believe one or both are owned by PayPal.

To ask people who are just running a small community event, not a commercial enterprise, but just volunteering their time at said event, to accept a debit card, or one of those electronic payment systems is ludicrous imo.

Again, who doesn't carry $5 on their body for incidentals.

 

[NFrameFred]

Again, who doesn't carry $5 on their body for incidentals.

Apparently everyone in line in front of me that pays for an energy drink or a candy bar with a credit card, and then spends three minutes trying to figure out how to get the terminal to accept it. Usually along with the mopes in the line picking their lottery tickets and buying their beer and smokes when I just wanna pay for my gas and move on . . .

 

[Skeet 028]

So many of the young folks use the debit credit to pay anything. I have had people want to use debit or credit at gun shows. For some things maybe...but not a gun. Banks reporting cash deposits over a certain amount just seems like government overreach to me. I have always liked to pay cash for things. Cash at a gun show always works well.

 

[ladder13]

Apparently everyone in line in front of me that pays for an energy drink or a candy bar with a credit card, and then spends three minutes trying to figure out how to get the terminal to accept it. Usually along with the mopes in the line picking their lottery tickets and buying their beer and smokes when I just wanna pay for my gas and move on . . .

I find many people just care about what they are doing in that moment. They could care less if they are holding up those behind them.

 

[Xfuzz]

Lawn service that has been cutting my yard
here of the island the last 20 years.

Wife wants about a 15x3 foot flower bed put in,
top soil and mulch...with rock boarders.

Bid......$550.00
When told I can pay in cash...$475.00

 

[BSA1]

Well I am not a youngster but I carry very little cash. Debit cards are universally accepted and easy to use for everyday transactions. Plus flashing cash is a opportunity for a criminal.

However I am somewhat of a Prepper. We see every year how slow and ineffective Government Agencies are to responding to disasters. FEMA recommends keeping a two week supply of food and water on hand. Money you have saved in a bank isn't real and isn't yours plus inaccessible during a power failure. Plus the bank may not have enough cash on hand if you want to close out your account. I remember the old Episodes of The Beverly Hillbillies where the Clampetts wanted to see their millions of dollars in the bank vault. Their money of course was tied up in stocks and bonds and other investments.

What we have is a cash emergency fund at home that every month I contribute to. Two weeks ago I had a F 3 tornado come directly at our house. Fortunately it lifted off the ground before it reached us but it was close enough for me to get great video of it. If it had reached us it would have totally destroyed everything above ground level. Even in a short term disaster such as this cash might have be useful in paying for emergency goods and repairs.

Good discussion about having "rainy day funds" and keeping actual cash on hand.

 

[BSA1]

Apparently everyone in line in front of me that pays for an energy drink or a candy bar with a credit card, and then spends three minutes trying to figure out how to get the terminal to accept it. Usually along with the mopes in the line picking their lottery tickets and buying their beer and smokes when I just wanna pay for my gas and move on . . .

Which is why pay at the pump is so convenient with a debit card.

 

[duane_wade]

We always keep a stash of cash in the gun safe and also keep readily accessible $$ in a savings and checking account. As long as the political thieves can't get their grubby fingers on what is in the bank we're going to be ok

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[NFrameFred]

Which is why pay at the pump is so convenient with a debit card.

I get that, but I don't trust it nor do I carry a debit card. I don't trust it because in just the last several months there has been a rash of gas pumps with card readers hacked and false readers piggy-backing real ones in the general area.


I just had to have the one credit card I have replaced after some good citizen purloined the number (from an online purchase, no doubt) to attempt to charge about 800 bucks worth of clothing from an outfit that caters to a younger crowd. Fortunately my company was quick to flag it as suspicious activity and deny the charges. Still didn't have a card for the week it took them to get me another.



It's the way things are going and it won't get better. No matter what security measures they put in place the scum that would steal anything that wasn't nailed down will always find a way to take what's not theirs, especially if they can do it without physically confronting someone. Thieves are generally also always cowards in my experience.


The upshot is that once the public has accepted it to the point where it can't be stopped, a cashless society will complete the job of enslaving us. The implications of a cashless society are sinister.

 

[dave1918a2]

I keep a significant cash reserve. The old $100 bill in the wallet will hardly fill My gas tank. Had to use it when I forgot My wallet a couple of times. Never know when a nice S&W might show up.