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I don't think it's prudent to pay 3%-5% extra for what I am buying so that I can get bullshit cash rebates/miles/points. You'll never recoup the losses (vig) for the cost of your horseshit convenience....
ForcedTQ saysI don't think it's prudent to pay 3%-5% extra for what I am buying so that I can get bullshit cash rebates/miles/points. You'll never recoup the losses (vig) for the cost of your horseshit convenience....
Right. But this works only if the merchant offers cash discounts (like many gas stations around here, for example). Otherwise you are pretty much paying these "3%-5% extra" just like CC guys but don't get any bullshit points back.
ForcedTQ saysI don't think it's prudent to pay 3%-5% extra for what I am buying so that I can get bullshit cash rebates/miles/points. You'll never recoup the losses (vig) for the cost of your horseshit convenience....
Right. But this works only if the merchant offers cash discounts (like many gas stations around here, for example). Otherwise you are pretty much paying these "3%-5% extra" just like CC guys but don't get any bullshit points back.
But... still pay cash at the gas station. My understanding is, still a lot of fraud on those card readers on the gas pumps. And also like "BayArea" said, for group meals. I have found that having a bunch of $1 bills is handy for such occasions.
Check out the Dahlia Lounge if you have a chance.
- haggle over taxes and discounts works better if you pay cash to a small shop. They'll haggle and usually discount for cash off the books.
Ever try to buy something where the P.O.S. system has failed? Data uplink down? Card not reading right? That kind of shit happens all the time, and I would just as soon avoid it.
I don't think it's prudent to pay 3%-5% extra for what I am buying so that I can get bullshit cash rebates/miles/points. You'll never recoup the losses (vig) for the cost of your horseshit convenience....
They have turned you against yourself and you don't even realize it.
They can compromise my credit card if they want, it takes 2-3 days to get a new one with the fraudulent charges removed.
Yes, realize that. But that's because the majority of the fucking sheep don't even know or understand this. The sellers have this baked into their prices. It's up to those in the know to educate the purchasers as to the costs they incur when purchasing.
Gotta ask for cash discounts or go elsewhere when purchasing. I know, I know, NOT CONVENIENT! My feelings hurt and I don't wanna go shop somewhere else....
When SHTF, I’m converting to gold, 22lr, and yams.
Another use: staying off the grid. In this digital age, everything we buy using electronic transactions or even store rewards cards can be tracked, tabulated, spreadsheets constructed, and analyzed for future targeted advertising. And this whole process is completely automated. If you don’t want the business world knowing just how often you have to spread preparation H on your o-ring, using cash for such purposes works well.
Goran_K saysWhen SHTF, I’m converting to gold, 22lr, and yams.
.44ACP here. Not much that’s as menacing as a big long barrel revolver. 2 inch placement at 50 yards says I mean business.
If the apocalypse happens and I have $0 and a gun and you have $3M and an unlocked front door, what do you think the outcome is? I've got your useless cash until the next guy with bigger guns takes it from me. So yeah, unless you're selling drugs or gambling, cash generally is not king in a physical transaction during normal times or even the zombie apocalypse.
That is hilarious. Like there's no other scenarios between, where a bit of cash can be useful. Hilarious.
When my partner and I were both sidelined with the flu (not a cold, the "flu") we sent our then 16-year old out to get some household staples. She used some of the "contingency cash" we had in the house.
Other typical reasons are "I dont like to carry cash on the street because I could get robbed...But I'll carry an $800 smartphone, a rolex watch, gold jewelry, $200 sunglasses......lol
With my credit card, I don't see anything unless I take a look at my statement.
Anyway, I have the fortunate circumstance of being able to pay for things that I want; I just hate spending money sometimes unless it's something I think is really going to make me satisfied.
Yes, realize that. But that's because the majority of the fucking sheep don't even know or understand this.
Snapon tools are serious overkill for a homeowner. Not unusual for a 5 piece screwdriver set to cost $70. Or $30 for a single torx driver.
Snapon tools in his garage
Snapon tools are serious overkill for a homeowner. Not unusual for a 5 piece screwdriver set to cost $70. Or $30 for a single torx driver.
Snapon tools in his garage
Snapon tools are serious overkill for a homeowner. Not unusual for a 5 piece screwdriver set to cost $70. Or $30 for a single torx driver.
You make a valid point here to some extent. I'd say the smartphone is a wash though. Good luck today being employable without even a basic smartphone (calls/text obviously, but email and web access).
Now walking around with $15k of Snap-On tools strapped to your chest, then we can start talking. Lol, good luck doing that regardless how expensive they are. Literally proves the cash is stupid point even further. At least you could stab someone with a screwdriver. A $20 bill ain't gonna do the trick.
Feel like I've touched a nerve here though with a few people. Sorry. Not intended. You don't have to like it, you can try to fight it, but cash is mostly dead outside of gambling, drugs and tax evaders.
I don't know, guess I'm beating a dead horse here. Not saying opinions here are wrong, but where I live, carrying cash is really impractical and the people up in arms over a bank branch closing are frankly minimally retarded at some level. Haven't pulled cash out of anything over the last decade besides maybe 2 times at a casino. To each their own I suppose.
I guess I wasn't clear.....i was trying to say is instead of getting in line 6 times to withdraw $50, just withdraw $300 and be done with it....But some people act as if having $300 at home is HIGH RISK yet they have many many things much more valuable laying around. It's almost as if they have some type of fear of cash. If they are really so afraid that a famiily member is going to steal their money, just find a good hiding place.
The reason you touched a nerve was because you were wrong... by a mile...
70% or more transactions are cash free in your graph.
Credit cards are irresponsible simple. If one needs credit to buy loaf of bread, they are not managing their finances well.
CC points are also relative to how they're redeemed depending on the program. I've calculated about 8-10% back depending on the points used for the flight overall.
FortWayneIndiana saysCredit cards are irresponsible simple. If one needs credit to buy loaf of bread, they are not managing their finances well.
Explain? What's the difference if you pay the balance? I don't get your comment at all. It doesn't make sense at all.
If getting $4k worth of value back in a year is irresponsible you may want to rethink how you make money. Doing pretty good $/hr using a credit card, but hey... whatever?
Maybe I was stupid for starting a thread thinking there would have been educated, reasonable and coherent responses. A guy could only hope. Have a good Friday, lol.
Because you pay interest on things you buy with a credit card.
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I carry some cash in case of, well nothing except going to a casino or strip club. My credit card pays me (via points) and I pay it off every month. Reason I ask is my small town has a bank closing and people are all fucking worked up over it. The only need for a physical branch now-a-days is to grab cash and that's what they're upset about. But why?
It's been a decade since I've EVER been in a situation where my CC couldn't get me out of a situation. Cash can get stolen. Debit cards are generally less secure (fraud protection) than CC's. I'm sure it's some big banking conspiracy, tin foil hat shit, but using cash/debit is like having sex with an HIV positive person without protection. Give me your reasons why I'm wrong. Seriously interested.