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Revelation
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Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 5:52 pm

How do you handle cash?

Bills all facing the same way and neatly arranged in order of denomination in a billfold, or wads of cash crumpled in the bottom of your pocket/purse?

What do you consider to be "carrying around cash" i.e. how much do you carry?

Do you ask for credit/debit card receipts?

If so, what do you do with them?

How many cards do you carry around?
Inspiration, move me brightly!
 
ajd1992
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 6:06 pm

Quoting Revelation (Thread starter):
Bills all facing the same way and neatly arranged in order of denomination in a billfold, or wads of cash crumpled in the bottom of your pocket/purse?

+1 Hate unorganised notes.

Quoting Revelation (Thread starter):
What do you consider to be "carrying around cash" i.e. how much do you carry?

Change usually. Not usually notes - debit card is for that.
 
HT
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 6:13 pm

Quoting Revelation (Thread starter):
Bills all facing the same way and neatly arranged in order of denomination in a billfold,

That's my way.
Change loose in the jeans' pocket, more in a sack that once hold an electric shaver.

Despite having credit card and banking card with me I also do carry enough money to make on-the-spot purchases in cash. Usually around 200 € which will get me a taxi-ride home wherever I might get stranded, PLUS will had covered earlier for a full tank of gas / petrol should the filling station's e-payment be out of order.
But those € usually last for a while as most substantial bills are paid by Credit Card (1 active, 1 backup with a different validity period, as I have had the problem that an airline wouldnot accept my credit card as it would have expired by the time the flight was due).

Any credit card slips get thrown away periodically if I am in the mood (like every 2-3 months).
-HT
Carpe diem ! Life is too short to waste your time ! Keep in mind, that today is the first day of the rest of your life !
 
WestJet747
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 6:34 pm

Quoting Revelation (Thread starter):
Bills all facing the same way and neatly arranged in order of denomination in a billfold, or wads of cash crumpled in the bottom of your pocket/purse?

I'm a little obsessive compulsive about my money. In my wallet, all the bills (CDN $) have to be in order from largest denomination in the back, to smallest in the front, with the faces of every bill facing forward (meaning the person's head is on the left).

Quoting Revelation (Thread starter):
What do you consider to be "carrying around cash" i.e. how much do you carry?

Never more than $100 (unless I have a really good reason on that particular day to carry more).

Quoting Revelation (Thread starter):
Do you ask for credit/debit card receipts?

Always. I usually keep them on my counter for a week then throw them out.

Quoting Revelation (Thread starter):
How many cards do you carry around?

Credit cards? Just my one Visa, no need for more  
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GrahamHill
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 6:40 pm

Quoting Revelation (Thread starter):
wads of cash crumpled in the bottom of your pocket/purse?

That's my way. Just squeeze the bills in the rear pocket, together with all my receipts that I end up throwing away anyway (which makes me wonder why I always ask for a receipt...) and the coins in the front pocket.

Quoting Revelation (Thread starter):
What do you consider to be "carrying around cash" i.e. how much do you carry?

Never more than $100.

Quoting Revelation (Thread starter):
How many cards do you carry around?

I have a debit card + credit card + business credit card that I always carry with me.

Quoting ajd1992 (Reply 1):
Not usually notes - debit card is for that.

I pay mostly by debit card too, but sometimes I'm just not confident paying with it in some local stores. I got my debit card cloned once and now I'm careful.
"A learned fool is more foolish than an ignorant one" - Moliere
 
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Aeroflot777
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 6:57 pm

I never carry cash. In fact, my wallet doesn't even have room for cash. I have 1 debit card (which I never use) and 9 credit cards - one of them being my primary one that brings in the airline miles.

I'm huge on budgeting and finances, so using plastic makes it much easier to categorize things.

[Edited 2012-07-27 11:58:50]
 
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 7:01 pm

Quoting WestJet747 (Reply 3):
I'm a little obsessive compulsive about my money. In my wallet, all the bills (CDN $) have to be in order from largest denomination in the back, to smallest in the front, with the faces of every bill facing forward (meaning the person's head is on the left).

I'm glad I'm not the only one.

I posted just after rifling through my bills and getting them all lined up "correctly".

Personally, I think there is some merit to the procedure. It helps one to know what they have in their wallet.

Quoting GrahamHill (Reply 4):
together with all my receipts that I end up throwing away anyway (which makes me wonder why I always ask for a receipt...)

Another reason why I posted - why do I keep asking for receipts since I can't be arsed to organize them?

Right now, the last several years of receipts are in a shoe box in more or less chronological order.

My ex wife used to insist I get receipts and she'd do the organization of them and balance the credit card bill monthly, but I can't be arsed to do so. I scan the credit card bill to look for any shocking unexpected charges, and that is that.

Same for the ATM receipts.

Quoting GrahamHill (Reply 4):
Never more than $100.

My trip to the ATM is usually for $200, and I let that trickle down to $20 or less before the next trip to the ATM, unless I am going on a trip or something, when I carry more.

I definitely do not like writing checks, so I tend to keep cash around to pay for some things that others might write checks for.
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Ken777
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 7:02 pm

When I'm carrying cash I go from small to high value in my wallet. But I'm really happy with less than $20 in cash on me most of the time - I want the FF miles I get from using my single credit card.

I do get credit card receipts, especially when I've added on a tip. I'll look at the credit card billings several times a month to ensure everything looks like normal, then I'll both pay off the account and toss the receipts.

I have only one credit card, but have two debit cards. The only time I use a debit card is when I'm shopping at Sam's. When I was traveling a lot on business I used to keep a backup credit card with a small balance. Just a $1K limit in case my card was lost or stolen.
 
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Aesma
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 7:19 pm

I participate in eurobilltracker.com so I will usually sort my bills when entering them, but I'm cash averse because it has a tendency of burning my hands, so I'd rather not have any and just use my carte bleue (French debit card). No backup card at the moment but I had once the date problem so I'm probably going to open an account at another bank.
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
 
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Moose135
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 8:02 pm

Quoting Revelation (Thread starter):
Bills all facing the same way and neatly arranged in order of denomination in a billfold, or wads of cash crumpled in the bottom of your pocket/purse?

I keep bills in order, all the same direction, lowest to highest demonination.

Quoting Revelation (Thread starter):
What do you consider to be "carrying around cash" i.e. how much do you carry?

Usually I'll hit the ATM for $100, and reload when I get under $20.

Quoting Revelation (Thread starter):
Do you ask for credit/debit card receipts?
If so, what do you do with them?

I always do. I use Quicken to track my accounts, so I use the receipts to enter the transaction. From there, they go in a pile on the desk, and usually I'll dispose of them once the bank statement has come in (unless it's something that I might need the receipt for, rebates, or large item, etc.) - although I've got a bunch of old receipts kicking around that I need to get rid of.

Quoting Revelation (Thread starter):
How many cards do you carry around?

Debit + 2 Credit + Company Credit
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fr8mech
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 8:19 pm

Quoting Revelation (Thread starter):
Bills all facing the same way and neatly arranged in order of denomination in a billfold, or wads of cash crumpled in the bottom of your pocket/purse?

By denomination in a money-clip.

Quoting Revelation (Thread starter):
What do you consider to be "carrying around cash" i.e. how much do you carry?

I withdraw $100 from the ATM. When it runs out, I get another $100. This lasts anywhere from 1 week to 2 weeks depending on usage.

Quoting Revelation (Thread starter):
Do you ask for credit/debit card receipts?

Yes.

Quoting Revelation (Thread starter):
If so, what do you do with them?

Input into Quicken and compare with online statements, once a week or so.

Quoting Revelation (Thread starter):
How many cards do you carry around?

1 debit, 1 credit.
When seconds count...the police are minutes away.
 
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Tugger
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 8:55 pm

Quoting WestJet747 (Reply 3):
Always. I usually keep them on my counter for a week then throw them out.

  

Quoting HT (Reply 2):
1 backup

  

I keep a very thin and minimal wallet, one that I keep in my front pocket. No billfold for me, I have essentially a card holder and I slip money into one of the slots. I have one ATM card (that I use as a debit type card - but it is not "branded", meaning part of the Visa or Mastercard system). I have two personal credit cards, one primary and one as a backup, and a company card. The other cards are my license and health insurance card. Everything has it's place in the wallet.

My bill organized low to high and are folded and with the lowest denomination on the outside. I also almost always organize them based on "quality", so I get rid of the ones that in the worst condition first. (Question to people here: Do you ask for better condition bills if you are given poor condition bills?)

I tend to review everything online about three times a week and keep a custom "expense calendar" spreadsheet that I developed years ago to track all my expenses and project my future budget for the year. Because of this I budget every card to be paid in full every month.

Quoting Revelation (Reply 6):
Another reason why I posted - why do I keep asking for receipts since I can't be arsed to organize them?

I often have wondered this myself. I do actually review my receipts but normally before I pay for the items or leave the establishment. So why do I need to keep them? I dunno, but I am sure it is the right and smart thing to do!   Or at least so I have convinced myself (only to question it as I throw the stack of them out the following week).

Quoting Revelation (Thread starter):
debit card
Quoting ajd1992 (Reply 1):
debit card
Quoting GrahamHill,reply=4 debit card[/quote]
[quote=moose135
(Reply 9):
Debit
Quoting fr8mech (Reply 10):
1 debit,

Never. I will never have a branded debit card (which is what I am assuming most people are referring to) as the protections (at least here in the USA) are so much lower than that for credit cards. You are at the mercy of the issuing bank and what they decide to do (though most banks have policies that are on the surface similar to their credit card card policies).

Tugg
I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
 
fr8mech
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 9:10 pm

Quoting tugger (Reply 11):
Never.

Not sure what your issue is. Of course, I only keep a minimal amount (under $1000, usually well under) in my checking account and the overdraft protection is linked to another credit card whose only function in life is overdraft protection. It is not carried, nor used online.
When seconds count...the police are minutes away.
 
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Tugger
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 9:19 pm

Quoting fr8mech (Reply 12):
overdraft protection

That's something else I never use. I have linked account but don't sign up for what the bank calls "overdraft protection" (and charges an arm and a leg for if it happens. If I can't budget and afford it, it needs to bounce or not go through).

Quoting fr8mech (Reply 12):
Not sure what your issue is.

I am probably overly picky but I am very particular and since debit cards cost the same kind of money (merchant fees etc) as credit cards (in some cases more) and offer less protections than credit cards I refuse to patronize them and use them. I guess it is like any service you don't like, if you don't like it then don't use it. Now if they ever do become controlled and regulated like credit cards and have reasonable/lower costs than credit cards I may use them (which I guess negates my use of the word "never" above  Smile ). But for now I can budget and pay off may cards so why not use someone elses money for free (so far) for 30 days?

Just my preference (for what I think are good reasons).

Tugg

[Edited 2012-07-27 14:24:01]
I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
 
fr8mech
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 9:44 pm

Quoting tugger (Reply 13):
That's something else I never use. I have linked account but don't sign up for what the bank calls "overdraft protection" (and charges an arm and a leg for if it happens. If I can't budget and afford it, it needs to bounce or not go through).


The bounce charges are just as high as the overdraft fees. I'd rather pay the overdraft than have whoever I tried to pay have to deal with a problem.

Quoting tugger (Reply 13):
But for now I can budget and pay off may cards so why not use someone elses money for free (so far) for 30 days?


That I understand. I use my credit card for most of my purchases and use the debit card for just a few day to day things. Not really sure I can even delineate which merchants get the debit and which get the card. My wife and I can't get on the same page. No big deal; the same money is spent whether it's debit or credit. It's gone and paid for by the end of the month. Just loosing out on some points.
When seconds count...the police are minutes away.
 
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Aesma
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 10:23 pm

Here debit cards (carte bleue) are what everyone has and they offer great protections. You can get a credit card if you want but it's not favored (and in fact we can't understand the credit addiction Americans seem to have).
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
 
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Fri Jul 27, 2012 11:51 pm

Quoting moose135 (Reply 9):

I always do. I use Quicken to track my accounts, so I use the receipts to enter the transaction. From there, they go in a pile on the desk, and usually I'll dispose of them once the bank statement has come in (unless it's something that I might need the receipt for, rebates, or large item, etc.) - although I've got a bunch of old receipts kicking around that I need to get rid of.
Quoting fr8mech (Reply 10):

Input into Quicken and compare with online statements, once a week or so.

You guys are my heros.

I just can't get the motivation to do what you do.

I've been using quicken for at least two decades now.

I used to use it to print my checks (since I hate writing checks) and now I use the bill pay feature so all my payments are in one place instead of at each financial institution's web site.

I have to say I think it's horrible software.

I use it to pull in data from my investments and it creates all these garbage entries in it.

None of my investing accounts are correct in terms of their balances, and it pisses me off.

It's user interface is dated and clunky.

It's reports system is also dated and clunky and is more or less designed for you to push the data out to Excel because its report system is so weak.

At one time M$ was offering a free switchover to Money, but Money just would not import my data correctly.

If I could find software that would handle my investment accounts correctly, I'd switch over at the next Jan 1st and be done with Quicken.

Quoting tugger (Reply 11):
I also almost always organize them based on "quality", so I get rid of the ones that in the worst condition first. (Question to people here: Do you ask for better condition bills if you are given poor condition bills?)

I honestly can say I never have, but I do tend to organize the bills in my wallet by quality and try to get rid of the crappier ones first. This too is an unexplainable behavior, it's just something I do.
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EricR
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 2:32 am

It seems like most people I know these days carry very little cash and rely mostly on their debit cards. In fact, many areas of society are becoming exclusively cashless, including one area that I encountered very recently.

The other night as I was leaving a ball game, a homeless person approached me to ask for money for food. I told him I did not have any cash. He smiled and said not to worry. He said he only accepted credit or debit cards and promptly pulled out a portable credit card machine. Interestingly enough, he did not take American Express because the merchant service fee is too high.
 
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 2:45 am

Quoting EricR (Reply 17):
It seems like most people I know these days carry very little cash and rely mostly on their debit cards. In fact, many areas of society are becoming exclusively cashless, including one area that I encountered very recently.

That's interesting. Last October we had an early snow storm that caught the trees with their leaves still on, so many trees snapped and power was out everywhere. One of the few restaurants that was open was Dunkin' Donuts, and it had a line going out the door. A twenty-something couple got to the head of the line after waiting a half hour, and only then they heard that the connection to the bank was down and no credit/debit was being accepted. The two of them could not come up with any cash at all, which to me was amazing. Really, absolutely no fallback at all? I hope they learned a lesson. Actually I would have just given them the cash for some coffee and a bite to eat, but they got a bit huffy about the situation and headed towards the door, and it was too crowded to talk to them.
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jcs17
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 6:13 am

I carry between $15-$20 in my wallet most of the time.

I pay my landlord in cashiers checks, with a roughly $22 surcharge at the supermarket, for a paper-trail. I've heard horror stories about people in my building trying to write personal checks and her pretending that the check wasn't accepted.

Otherwise, I use credit and debit cards.
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fr8mech
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 3:45 pm

Quoting Revelation (Reply 18):
and only then they heard that the connection to the bank was down and no credit/debit was being accepted. The two of them could not come up with any cash at all, which to me was amazing. Really, absolutely no fallback at all?

I was in D.C. when the storms went through last month and was staying in an area without power. I always keep an emergency cash fund in the car of $50 bucks in the form of a $20, a $10, 2-$5 and 10-$1 bills. The only places open for business had power but could only accept cash. People need to remember, in an emergency; cash is king.

Quoting jcs17 (Reply 19):
I've heard horror stories about people in my building trying to write personal checks and her pretending that the check wasn't accepted.

I'd have her sign a receipt. My bank (Chase) posts an image (back and front) of every check cleared online the day it clears. I'll be damned if I pay an extra $22 a month because of a thief.
When seconds count...the police are minutes away.
 
ajd1992
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 4:31 pm

Quoting GrahamHill (Reply 4):
I pay mostly by debit card too, but sometimes I'm just not confident paying with it in some local stores. I got my debit card cloned once and now I'm careful.

I pay with it more often than not simply because I hate breaking a note and carrying change around. Drives me mad and I always seem to have a big note for a cheap item so I end up buying a can of coke etc with a £20 note. Easier to pay with a debit card even though the cashier seems to be irritated I want to pay by card - i'm saving him/her a job by doing that because they don't have to get me change.

Quoting tugger (Reply 11):
Never. I will never have a branded debit card (which is what I am assuming most people are referring to) as the protections (at least here in the USA) are so much lower than that for credit cards. You are at the mercy of the issuing bank and what they decide to do (though most banks have policies that are on the surface similar to their credit card card policies).

Mine isn't branded (it's issued by the bank so I assume that's what you mean by not branded). I have 2 - a main one then a backup one that I put my leftovers on (never used for online purchases etc) so I know I can spend it if it's on that card. The protections on it are reasonably similar to a credit card (which I will NEVER have, seen too much debt come about because of them) and if I don't have the money - I can't afford it. Simple, how I like it. 




In the UK we are covered by this legislation so we're pretty safe. http://www.money.co.uk/article/10045...n-the-same-as-for-credit-cards.htm

[Edited 2012-07-28 09:32:29]

[Edited 2012-07-28 09:36:42]

[Edited 2012-07-28 09:36:47]
 
ba6590
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 5:02 pm

I usually carry around £20 in cash for when I can't use cards.
I then use my credit card for all purchases, I have set up a direct debit that pays off the amount in full every month. So never pay any interest.
I find it the best way of keeping track of my spending, as one statement will show all my spending. I also get miles on it too, so win win I guess.
 
srbmod
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 6:47 pm

Quoting tugger (Reply 11):
Never. I will never have a branded debit card (which is what I am assuming most people are referring to) as the protections (at least here in the USA) are so much lower than that for credit cards. You are at the mercy of the issuing bank and what they decide to do (though most banks have policies that are on the surface similar to their credit card card policies).

The MasterCard branded debit cards issued through my bank have protection and benefits very similar to a MasterCard credit card. I have one of their Delta SkyMiles branded World MasterCard debit cards which earns me SkyMiles on every purchase (I pay an annual fee on this card much like with a credit card, but it is worth it. I started out with the similar branded Visa debit card about three years ago, but the bank switched to MasterCard about 2 years ago for their debit cards.). I'm grandfathered in on the card as they no longer offer to those with their most basic checking account.

http://www.suntrust.com/PersonalBank...kCards/SunTrustMasterCardCheckCard


I usually try to keep my bills organized with the smallest bills in the front. I typically carry no more than $10-20 as I prefer to use my debit card so I can earn SkyMiles. I only have a debit card, so that's the only card I carry in my wallet. Typically any receipts I get (with the exception of stuff like clothing or electronics) end up getting tossed or if I have a choice of not getting one, I don't.
 
kingairta
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sat Jul 28, 2012 8:51 pm

I don't pay attention to how my money is organized. I fold it in half stuff it in the money clip. As for cards I carry only my debit card and liscences.
 
PITingres
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 4:53 am

Quoting Revelation (Thread starter):
Bills all facing the same way and neatly arranged in order of denomination in a billfold, or wads of cash crumpled in the bottom of your pocket/purse?

US dollars in the rear bill-pocket of my wallet. Other currencies go into the front pocket as needed, but the front pocket is usually empty these days. (Alas)

I work on a team with a guy who keeps a a variety of currencies in his wallet: euros, pounds, USD, CAD, and his native tender: Canadian Tire money.  
Quoting Revelation (Thread starter):
What do you consider to be "carrying around cash" i.e. how much do you carry?

I rarely have more than US$40 on me, and usually less. However that is at least partly because cash tends to migrate towards the family financial magistrate (i.e. my wife).

Quoting Revelation (Thread starter):
Do you ask for credit/debit card receipts?

If I have to ask, which is not all that often, I'll generally ask only if I need it for expensing, or (not often these days) if it might be a non-expensable business expense.

Quoting Revelation (Thread starter):
How many cards do you carry around?

Since consulting is no longer my main source of income, I'm down to about 3 that I use regularly, and a couple more that I carry around mostly out of inertia.
Fly, you fools! Fly!
 
Airstud
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 6:45 am

Quoting Aesma (Reply 15):
(and in fact we can't understand the credit addiction Americans seem to have)

I'm proud to say there is data showing Americans are getting better about that; the total amount Americans owe on credit cards has gotten significantly smaller these past few years. I know my debt burden sure has; last January I paid off the whole remaining balance on a MasterCard on which I once owed $3,127.   

My cash sortation is, largest bills in the back, little guys on the front lines. And when I have more than one bill of the same denom, I alphabetize them according to their Federal Reserve branch seal (A = Boston; B = New York; C = Philadelphia; D = Cleveland; E = Richmond, Va; F = Atlanta; G = Chicago; H = St. Louis; I = Minneapolis (where I freakin' live, but still hardly ever see bills with that seal    ); J = Kansas City, Mo.; K = Dallas; L = San Francisco.

Yes, when I see these seals on a plurality of bills of the same denom, I must alphabetize them before I close my wallet.

I'm like that, see.
Pancakes are delicious.
 
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 10:15 am

Quoting Airstud (Reply 26):

I'm proud to say there is data showing Americans are getting better about that; the total amount Americans owe on credit cards has gotten significantly smaller these past few years.

I bet a lot of it is because many Americans have had their credit cards taken away.

I can think of several I know of, and one who will probably be taking a trip through BK in the next few months, and that will be that.

Quoting Airstud (Reply 26):
I know my debt burden sure has; last January I paid off the whole remaining balance on a MasterCard on which I once owed $3,127.

Congrats!

Quoting Airstud (Reply 26):

My cash sortation is, largest bills in the back, little guys on the front lines. And when I have more than one bill of the same denom, I alphabetize them according to their Federal Reserve branch seal (A = Boston; B = New York; C = Philadelphia; D = Cleveland; E = Richmond, Va; F = Atlanta; G = Chicago; H = St. Louis; I = Minneapolis (where I freakin' live, but still hardly ever see bills with that seal ); J = Kansas City, Mo.; K = Dallas; L = San Francisco.

Yes, when I see these seals on a plurality of bills of the same denom, I must alphabetize them before I close my wallet.

I'm like that, see.

I'm going to pretend I didn't read that, so I squelch any urge I may have to emulate you!

Glad it makes you happy, though.
Inspiration, move me brightly!
 
LOWS
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 10:52 am

I keep it simple.

All EURO notes are sized by the value of the note, beginning with 5€ and up to the 500€ note. So, I usually carry 20€ or so, and maximum 10€ in the wallet's coin purse. I like to use my Maestro card for all of my purchases where possible. So the cash is usually only for coffee/meals. Lots of Restaurants are cash only here.

The problem when I am in the US is that the bills are all the same size and the coins are random sizes and thicknesses. I can't use my Maestro card, only cash. It drives me a little crazy.
 
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 11:02 am

Quoting LOWS (Reply 28):
The problem when I am in the US is that the bills are all the same size and the coins are random sizes and thicknesses. I can't use my Maestro card, only cash. It drives me a little crazy.

Sorry for the inconveniences, but as this thread shows, people have pretty unique ways of interacting with cash and coins, and all are hard to change.
Inspiration, move me brightly!
 
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Aaron747
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 11:17 am

Japan is still largely a cash society, so my approach may be a bit different than what has been described here so far.

As presentation of cash is important in this land, I keep bills as crisp as possible, from lowest to largest denomination. Very rarely will I go out with cash in my pocket rather than wallet, unless I'm making a convenience store run or to some other place where appearances don't mean squat. I try to never have less than 30,000 yen (a hair under $400) on hand, for various contingencies. Cash comes in especially handy should there be an earthquake or something while I'm at work or elsewhere and may need to fend for myself before being able to get home. There is nil to zero risk of theft here unless one is particularly careless, so most people think nothing of carrying large amounts of cash.

I have an ANA credit card for mileage that I use for significant purchases and a credit card that belongs to the supermarket I frequent and that card is used only for groceries. Pretty worth the trouble as they knock off 10% for every 50,000 yen you spend.

Utility bills and rent are almost universally paid by automated bank transfer here so I never even think about those - I glance at bills and then they go in the shredder immediately. If for some reason there is anything that can't be paid that way, we don't even need to mail a check or anything like that. Just take the bill to the counter in any convenience store, pay up, they'll stamp it, scan it and do the rest.
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 12:07 pm

Quoting Aaron747 (Reply 30):
There is nil to zero risk of theft here unless one is particularly careless, so most people think nothing of carrying large amounts of cash.

Interesting perspective. I've noticed most here carry less cash than I do, and I suspect it's because I have never been mugged, and like you I am more concerned about being able to deal with contingencies than I am about being robbed.

Quoting Aaron747 (Reply 30):
If for some reason there is anything that can't be paid that way, we don't even need to mail a check or anything like that. Just take the bill to the counter in any convenience store, pay up, they'll stamp it, scan it and do the rest.

It's interesting how difficult we make bill paying here in the US.

I pay $8/month to use Quicken Bill Pay software to pay bills via my local bank. I think Quicken is terribly out of date software, but I've used it for so long, and I like having a central application for all my transactions. I've gotten mail from a few companies saying that the only e-payment they would accept is through their own web portal, but I just ignored those mails and all has been fine.
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 1:41 pm

Do carry cash, in wallet sorted by denomination and aligned when received; when larger bills are changed, 20's go back into the wallet, anything smaller than 20 usually gets stuffed onto my left front pocket, along with pocket knife and mints, becomes my wadded -up "crack dealer money."

Cards, I have one MasterCard (through which nearly all purchases flow), paid off monthly so no interest; one Visa which is a backup, and also serves for the one auto pay account (electrical co-op) which accepts Visa and not MC. Odd. Two AmEx cards issued by the firm for business use and expenses only. Miscellaneous other cards (ATM, driver's license, medical cert in a little foldy thing with pilot's cert, insurance card, old business cards with illegibly-scrawled notes and phone numbers).

I would and will NEVER have a debit card; there is nothing you can do with one that you cannot do with a credit card, and(noted above) there are the added risks.

My wife of 29 years has never used an ATM, desires never to do. I am the ATM, though I do not beep whilst handing her the money. Funny.
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Curtisman
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 2:18 pm

I rarely carry more than $100 CAD in cash in my wallet - no need as I use my credit card for almost every transaction I make.

My bills are in order from largest denomination at the back to lowest denomination at the front with front of the bills all facing forward. Most often I have $20 bills and $5 bills - I love seeing the face of our Queen on our $20 bills and I love seeing our hockey scene on our $5 bills. Change such as $1 and $2 coins and lower are kept in my pocket until I get home or placed in the coin holder in my car. So far only our $100 and $50 bills are plastic but can't wait for the remainder of Canadian bills to become plastic. Also looking forward to getting rid of the penny and going to rounding which I think is supposed to happen fairly soon.

I carry 2 different credit card brands in my wallet just in case 1 gets lost or is not accepted somewhere in the world. I also carry a business credit card.

Cheers!
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trav110
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 5:57 pm

Don't carry cash, I hate loonies and twonies. Credit card pays for everything, no receipts because they end up as trash.
 
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Moose135
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Jul 29, 2012 9:55 pm

Quoting Airstud (Reply 26):
And when I have more than one bill of the same denom, I alphabetize them according to their Federal Reserve branch seal

I don't generally sort my bills that way, but when I end up with a bunch of $1s, I'll log them into WheresGeorge.com to see where they've been, and I'll alphabetize and sort by serial number to make that easier, so they go back into the wallet in order.
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LOWS
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Mon Jul 30, 2012 5:16 am

Quoting Revelation (Reply 29):
Sorry for the inconveniences, but as this thread shows, people have pretty unique ways of interacting with cash and coins, and all are hard to change.

It's not that. I just wish I could use my card in the US. Chip+PIN is the future, America...and no silly signatures!
 
CXfirst
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Mon Jul 30, 2012 5:35 am

My wallet contains bills (notes as we say here) and 'gold' coins (so $1 and $2 coins). All other coins (50c, 20c, 10c and 5c) go into a jar, which when filled I take to the bank and its automated coin counting machine; that money goes straight into my account again.

I try not to carry too much cash on me, but many places at uni don't take EFTPOS payments (debit card payments), so I need some with me for lunch, etc.

I carry two Debit cards with me, one being my main Mastercard debit with paypass, the other being a VISA one with no fees for buying foreign goods online (most banks charge 2.95-3%).

I am a big fan of contactless payments (paypass), and try to use that as much as possible, and even avoid some stores that don't use it. Can't wait for it to become more readily available through NFC chips on mobile phones.

I would love the day when I don't need to bring my wallet at all for shopping.

I also have a VISA card issued in Norway, which I use when I am back there.

-CXfirst
 
mandala499
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Wed Aug 01, 2012 8:09 pm

Quoting Revelation (Thread starter):
How do you handle cash?

Notes only whenever possible... coins go in a jar...   
The notes here are 100,000IDR (100K), 50K, 20K, 10K, 5K, 1K (diminishing) and 500 (hard to come by), and if you're lucky, a 100 note...
1USD is 9600 or so.
Coins are 1000, 500, 200, 100, 50... so, if I do end up with coins, it's usually a 1000, 500 or 200.

Once the coins are in significant numbers, I "dispose" of them by paying for parking (2K at a time or 2K per hour depending on the place, or the toll roads... which are very convenient coin disposal service for me!  &nbsp 
Quoting Revelation (Thread starter):
What do you consider to be "carrying around cash" i.e. how much do you carry?

500k - 1mio ($55 - $110) usually. I reload when I'm down to 20K !    or when I go by the ATM.
They can last a day, or 2 weeks... depending on what I'm doing that week... and also if I need to fill up the petrol or not... but at least now they take debit card payments... so the cash lasts for sometime.

Quoting Revelation (Thread starter):
Do you ask for credit/debit card receipts?

Yes.

Quoting Revelation (Thread starter):
If so, what do you do with them?

Just to make sure I pay the right amount (risky since we got too many numbers/digits)... once I check it's correct, I usually throw it away.

Quoting Revelation (Thread starter):
How many cards do you carry around?

2 ATM/debit cards... When abroad, 1 acts as Maestro, the other as Visa Debit (mainly for emergencies... I still got some cash from my various trips... for emergency for next trips!  &nbsp 
Quoting Aaron747 (Reply 30):
Utility bills and rent are almost universally paid by automated bank transfer here so I never even think about those - I glance at bills and then they go in the shredder immediately. If for some reason there is anything that can't be paid that way, we don't even need to mail a check or anything like that. Just take the bill to the counter in any convenience store, pay up, they'll stamp it, scan it and do the rest.
Quoting Revelation (Reply 31):
It's interesting how difficult we make bill paying here in the US.

I pay $8/month to use Quicken Bill Pay software to pay bills via my local bank. I think Quicken is terribly out of date software, but I've used it for so long, and I like having a central application for all my transactions. I've gotten mail from a few companies saying that the only e-payment they would accept is through their own web portal, but I just ignored those mails and all has been fine.

Stark contrasts...
Here, I just go to the ATM and pay my bills there... (those with internet banking just do it there and then)...
Whatever transfers, Electricity, house phone, cable TV & internet bills, prepaid mobile credits, insurances, even airline tickets...

For late bill payments, just take a pic of the ATM receipt and send it to their email for 'rapid processing'...

I don't trust direct debit here... too many 'erroneous charges'

Mandala499
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nitrohelper
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Aug 05, 2012 12:04 am

Quote:
neatly arranged in order of denomination in a billfold

under $100, small in front , large in back

Quote:
how much do you carry

$2000 in my pocket - I only use cards for business & tax records, most all my daily living stuff is purchased by cash so that there is no record of my spending for the tax man to study

Quote:
what do you do with them?

Business deductions & personal records

Quote:
How many cards

Three - two for business, one for personal
 
ajd1992
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Aug 05, 2012 12:13 am

Quoting Nitrohelper (Reply 39):
$2000 in my pocket - I only use cards for business & tax records, most all my daily living stuff is purchased by cash so that there is no record of my spending for the tax man to study

You sound like a mugger's paradise. I wouldn't carry that around unless I had an armed guard.

Why 2k though? How much do you really need?
 
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hOMSaR
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Aug 05, 2012 12:54 am

Too lazy to create a meme, but just imagine:


I don't use cash that often...


...but when I do, I prefer to use $2 bills.
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Aug 05, 2012 12:55 am

Carry around £50 in cash, plus I carry a bank debit card for large purchases like fuel.

I have two credit cards, one is for work only expenses, just easier to hand in the statement along with attached receipts at the end of every month.

The other is for emergency use only, and only has a small limit on it of £250 and stays locked in the safe.

After getting into trouble with credit cards in my early twenties, I don't like them but realise they are a necessecery evil.

(racked up £7000 in debts in 8 months)
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Sun Aug 05, 2012 2:33 pm

I just caught myself ordering my bills with the most worn out and marked up bills up front, so I could pawn them off on someone else as soon as possible!

Quoting mandala499 (Reply 38):
Notes only whenever possible... coins go in a jar...

I keep them in the ashtray in my car because I don't smoke, and when the change gets too much, I use it to buy something at a drive through or a convenience store.

Quoting mandala499 (Reply 38):
Stark contrasts...
Here, I just go to the ATM and pay my bills there... (those with internet banking just do it there and then)...
Whatever transfers, Electricity, house phone, cable TV & internet bills, prepaid mobile credits, insurances, even airline tickets...

That seems to be so time consuming. I let my bills pile up, and then have a big bill pay session hopefully no more than once or twice a month.
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nitrohelper
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RE: Friday Stupid Topic: Handling Cash, Credit Card Re

Mon Aug 06, 2012 2:58 am

Quoting ajd1992 (Reply 40):
sound like a mugger's paradise.

I've never had a problem in over 40 years...
When I lived in Asia during the '90s ,I normally carried between $5k & 10k in USD in my briefcase ...
Quoting ajd1992 (Reply 40):
How much do you really need?

Depends if you come across a couple of $1000 ladies for a weekend...

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