Topic: How much cash do you have on you and/or in your home?
Anonymous A started this discussion 2 years ago #114,620
I put very little in the bank. Only what I need to pay bills.
Anonymous B joined in and replied with this 2 years ago, 4 minutes later[^] [v] #1,267,964
nice try
Throckmorton !dxiFV8kfVg joined in and replied with this 2 years ago, 6 minutes later, 11 minutes after the original post[^] [v] #1,267,969
Several tens of thousands.
Throckmorton !qRgc9HpKSA joined in and replied with this 2 years ago, 4 minutes later, 15 minutes after the original post[^] [v] #1,267,972
Anonymous E joined in and replied with this 2 years ago, 1 minute later, 16 minutes after the original post[^] [v] #1,267,973
@1,267,969 (Throckmorton !dxiFV8kfVg)
What are your thoughts on Chinese women marrying fat balding Americans to take them for every cent as soon as they arrive in America?
What are your thoughts on Chinese women marrying fat balding Americans to take them for every cent as soon as they arrive in America?
Fake anon !ZkUt8arUCU joined in and replied with this 2 years ago, 7 minutes later, 23 minutes after the original post[^] [v] #1,267,976
Not much. CDs earn 5.5% nowadays so there's not much reason to have a ton of cash laying around.
Anonymous A (OP) replied with this 2 years ago, 26 seconds later, 23 minutes after the original post[^] [v] #1,267,977
@1,267,973 (E)
What is your thoughts on....errr oh that's right you don't have brains. Just a huge picture of Matt in your otherwise empty skull.
What is your thoughts on....errr oh that's right you don't have brains. Just a huge picture of Matt in your otherwise empty skull.
Anonymous G joined in and replied with this 2 years ago, 4 minutes later, 28 minutes after the original post[^] [v] #1,267,978
Fake anon !ZkUt8arUCU replied with this 2 years ago, 1 minute later, 30 minutes after the original post[^] [v] #1,267,980
@previous (G)
It isn't and even if it were it's still better to earn 5.5% in a CD than 0% under your mattress.
It isn't and even if it were it's still better to earn 5.5% in a CD than 0% under your mattress.
Anonymous G replied with this 2 years ago, 7 minutes later, 38 minutes after the original post[^] [v] #1,267,982
@previous (Fake anon !ZkUt8arUCU)
It is. And your understanding of basic finances is a joke if you think those are the only two options.
It is. And your understanding of basic finances is a joke if you think those are the only two options.
Throckmorton !dxiFV8kfVg replied with this 2 years ago, 15 seconds later, 38 minutes after the original post[^] [v] #1,267,983
Fake anon !ZkUt8arUCU replied with this 2 years ago, 3 minutes later, 41 minutes after the original post[^] [v] #1,267,985
Toilet Seat !tr.t4dJfuU joined in and replied with this 2 years ago, 4 minutes later, 45 minutes after the original post[^] [v] #1,267,987
@1,267,977 (A)
He didn't say anything about Matt. He asked about Chinese women. Stop derailing every thread with your Matt obsession.
He didn't say anything about Matt. He asked about Chinese women. Stop derailing every thread with your Matt obsession.
Anonymous E replied with this 2 years ago, 11 minutes later, 57 minutes after the original post[^] [v] #1,267,990
@1,267,977 (A)
> What is your thoughts on....errr oh that's right you don't have brains. Just a huge picture of Matt in your otherwise empty skull.
Why are you bringing "Matt" into this??
> What is your thoughts on....errr oh that's right you don't have brains. Just a huge picture of Matt in your otherwise empty skull.
Why are you bringing "Matt" into this??
boof joined in and replied with this 2 years ago, 2 minutes later, 59 minutes after the original post[^] [v] #1,267,991
I got some clams
Anonymous A (OP) replied with this 2 years ago, 7 minutes later, 1 hour after the original post[^] [v] #1,267,992
@1,267,987 (Toilet Seat !tr.t4dJfuU)
> He didn't say anything about Matt. He asked about Chinese women. Stop derailing every thread with your Matt obsession.
Why ask about chinese women in a thread about what you do with your money? At least you didn't post this one anon I do give you credit. No go back to your obsessing.
> He didn't say anything about Matt. He asked about Chinese women. Stop derailing every thread with your Matt obsession.
Why ask about chinese women in a thread about what you do with your money? At least you didn't post this one anon I do give you credit. No go back to your obsessing.
Anonymous A (OP) double-posted this 2 years ago, 2 minutes later, 1 hour after the original post[^] [v] #1,267,993
@1,267,976 (Fake anon !ZkUt8arUCU)
> Not much. CDs earn 5.5% nowadays so there's not much reason to have a ton of cash laying around.
I was more talking about your on hand cash. Like I hardly ever use my bank card anymore. I just pay cash. It saves a few % where I live.
> Not much. CDs earn 5.5% nowadays so there's not much reason to have a ton of cash laying around.
I was more talking about your on hand cash. Like I hardly ever use my bank card anymore. I just pay cash. It saves a few % where I live.
Anonymous G replied with this 2 years ago, 11 minutes later, 1 hour after the original post[^] [v] #1,267,995
Anonymous B replied with this 2 years ago, 1 hour later, 2 hours after the original post[^] [v] #1,268,007
@1,267,980 (Fake anon !ZkUt8arUCU)
Why bother locking up your $ in a CD at 5.5% when you can easily open a HYSA paying 4% to 5% and have liquid funds.
Why bother locking up your $ in a CD at 5.5% when you can easily open a HYSA paying 4% to 5% and have liquid funds.
(Edited 1 minute later.)
Anonymous G replied with this 2 years ago, 12 minutes later, 2 hours after the original post[^] [v] #1,268,010
dw !p9hU6ckyqw joined in and replied with this 2 years ago, 3 hours later, 6 hours after the original post[^] [v] #1,268,044
0
Fake anon !ZkUt8arUCU replied with this 2 years ago, 22 minutes later, 6 hours after the original post[^] [v] #1,268,045
@1,267,993 (A)
Oh yeah if you can get a cash discount then carrying around more cash makes sense. I usually have about $100 in my wallet and a little more at home, but I tend to use my CC for most purchases for the cash back and points.
@1,268,007 (B)
Honestly I'm just old-fashioned about this stuff. You could put it in a HYSA or you could have it sit in like a vanguard money market account earning 4.5% if you think you're leaning towards investing it, etc. My biggest monthly expenses are all extremely predictable and I put a lot of what would be my disposable income into my 401k anyway so my bank Checking/Savings accounts don't tend to balloon that big anyway. The point is just that with high interest rates, leaving a lot of cash laying around has a cost!
Oh yeah if you can get a cash discount then carrying around more cash makes sense. I usually have about $100 in my wallet and a little more at home, but I tend to use my CC for most purchases for the cash back and points.
@1,268,007 (B)
Honestly I'm just old-fashioned about this stuff. You could put it in a HYSA or you could have it sit in like a vanguard money market account earning 4.5% if you think you're leaning towards investing it, etc. My biggest monthly expenses are all extremely predictable and I put a lot of what would be my disposable income into my 401k anyway so my bank Checking/Savings accounts don't tend to balloon that big anyway. The point is just that with high interest rates, leaving a lot of cash laying around has a cost!
(Edited 1 minute later.)
Killer Lettuce🌹 !HonkUK.BIE joined in and replied with this 2 years ago, 31 minutes later, 7 hours after the original post[^] [v] #1,268,046
I barely carry physical money anymore. Just £10 or so in my wallet, in the once in a blue moon time I need something that's cash only. Personally, I feel fine about that. It's more convenient.
Anonymous L joined in and replied with this 2 years ago, 4 hours later, 11 hours after the original post[^] [v] #1,268,054
Anonymous H replied with this 2 years ago, 17 minutes later, 12 hours after the original post[^] [v] #1,268,057
Anonymous B replied with this 2 years ago, 29 minutes later, 12 hours after the original post[^] [v] #1,268,058
@1,268,045 (Fake anon !ZkUt8arUCU)
Yes, it's all about balance and risk management. Typical rule is 6 months expenses in savings before you starting locking up money in investments. But then what if the bank fails, sure there's the FDIC but you aren't seeing that insurance check from the government for potentially several months. A little bit of cash (or other highly liquid assets) at home is a safety net. Diversification is the name of the game.
Yes, it's all about balance and risk management. Typical rule is 6 months expenses in savings before you starting locking up money in investments. But then what if the bank fails, sure there's the FDIC but you aren't seeing that insurance check from the government for potentially several months. A little bit of cash (or other highly liquid assets) at home is a safety net. Diversification is the name of the game.
Anonymous M joined in and replied with this 2 years ago, 2 hours later, 15 hours after the original post[^] [v] #1,268,070
@1,267,993 (A)
How often do businesses you use offer cash discounts, and what's a typical discount? Most credit cards these days offer cash back, at least 1%. My card is 6% back at grocery stores, 3% at gas stations, and 1% back on everything else. Mine is very much a beginner card, there are much better cards out there that have even better rates. Of course you'd also have to incorporate the yearly credit card fee into the math to determine if the cash back actually exceeds your cash discounts. In my area cash discounts are rare, but I live in a small town and that seems to be a big city thing.
@1,268,045 (Fake anon !ZkUt8arUCU)
Based, I have a similar thing going, though I'm mostly putting into a HYSA until I have ~6 months of living expenses saved up. Putting some into my 401k but only enough to get the full match from my employer. I'll probably bump that up pretty significantly once I hit my initial savings goal.
How often do businesses you use offer cash discounts, and what's a typical discount? Most credit cards these days offer cash back, at least 1%. My card is 6% back at grocery stores, 3% at gas stations, and 1% back on everything else. Mine is very much a beginner card, there are much better cards out there that have even better rates. Of course you'd also have to incorporate the yearly credit card fee into the math to determine if the cash back actually exceeds your cash discounts. In my area cash discounts are rare, but I live in a small town and that seems to be a big city thing.
@1,268,045 (Fake anon !ZkUt8arUCU)
Based, I have a similar thing going, though I'm mostly putting into a HYSA until I have ~6 months of living expenses saved up. Putting some into my 401k but only enough to get the full match from my employer. I'll probably bump that up pretty significantly once I hit my initial savings goal.
Fake anon !ZkUt8arUCU replied with this 2 years ago, 3 hours later, 18 hours after the original post[^] [v] #1,268,081
@1,268,058 (B)
Yeah it's all about diversification. I'm not super worried about my bank going under tbh. I'm at one of the biggest banks in the U.S. so if it goes under in a way that prevents its customers from accessing their money for months, the USD would be worth less than toilet paper anyway. Having my money split between my bank and a few investment vehicles is good enough for me.
@previous (M)
Nice! Yeah always hit the match if you can, it's the best investing deal you'll ever get, 1 free dollar for every dollar invested. I didn't have a 401k until a few years ago so I am turbocharging it atm. They recommend 1x your annual salary saved by age 30 and 3x by age 40. I am a little over 30 and...not at the first benchmark, but I am stashing away as much as I can to hit that target. Good luck on your saving and investing!
Yeah it's all about diversification. I'm not super worried about my bank going under tbh. I'm at one of the biggest banks in the U.S. so if it goes under in a way that prevents its customers from accessing their money for months, the USD would be worth less than toilet paper anyway. Having my money split between my bank and a few investment vehicles is good enough for me.
@previous (M)
Nice! Yeah always hit the match if you can, it's the best investing deal you'll ever get, 1 free dollar for every dollar invested. I didn't have a 401k until a few years ago so I am turbocharging it atm. They recommend 1x your annual salary saved by age 30 and 3x by age 40. I am a little over 30 and...not at the first benchmark, but I am stashing away as much as I can to hit that target. Good luck on your saving and investing!
Anonymous A (OP) replied with this 2 years ago, 47 minutes later, 19 hours after the original post[^] [v] #1,268,096
@1,268,070 (M)
> How often do businesses you use offer cash discounts, and what's a typical discount? Most credit cards these days offer cash back, at least 1%. My card is 6% back at grocery stores, 3% at gas stations, and 1% back on everything else. Mine is very much a beginner card, there are much better cards out there that have even better rates. Of course you'd also have to incorporate the yearly credit card fee into the math to determine if the cash back actually exceeds your cash discounts. In my area cash discounts are rare, but I live in a small town and that seems to be a big city thing.
The charge down here where I live can vary using a bank card. Anywhere from 0.9% to as high as 3.9%. This is mostly bars, restaurants, convivence stores and basically your mom and pop businesses. Gas stations also vary on fees with most giving a 4 to 5 cent a gallon break on cash. I figured it up a couple years ago and I was saving around $25 a month paying cash. Not a lot but over time it adds up. Over these last few years a few thing I found out on my own. My mechanic who had taken care of my car moved his shop about 10 miles away, which where I live can be a 20-25 minute drive depending on traffic. So I decided to change. I found a place about 5 minutes from the house and booked an oil change, price was $42.99. I said fine took my car down. After it was done I went to the service counter to pay my bill which was $46 dollars and some change after tax. I pulled out a $50 and laid it on the desk with my invoice. The guy said oh you're paying cash well then it's $40 even. Again not a big savings but still. I get two oil changes a year on two different vehicles. And I never would have known this had I not paid cash.
Another thing I have to watch out for is the service charge already added in. I can't count the times I have sent a waitress back to refigure my bill when I said, I'm paying cash and you already added a service fee.
I do not know if this is saving more money than using a cash back credit card. I used my last credit card in 2010. I went straight to my bank card at that time. But this works for me and I am ok with it for now.
> How often do businesses you use offer cash discounts, and what's a typical discount? Most credit cards these days offer cash back, at least 1%. My card is 6% back at grocery stores, 3% at gas stations, and 1% back on everything else. Mine is very much a beginner card, there are much better cards out there that have even better rates. Of course you'd also have to incorporate the yearly credit card fee into the math to determine if the cash back actually exceeds your cash discounts. In my area cash discounts are rare, but I live in a small town and that seems to be a big city thing.
The charge down here where I live can vary using a bank card. Anywhere from 0.9% to as high as 3.9%. This is mostly bars, restaurants, convivence stores and basically your mom and pop businesses. Gas stations also vary on fees with most giving a 4 to 5 cent a gallon break on cash. I figured it up a couple years ago and I was saving around $25 a month paying cash. Not a lot but over time it adds up. Over these last few years a few thing I found out on my own. My mechanic who had taken care of my car moved his shop about 10 miles away, which where I live can be a 20-25 minute drive depending on traffic. So I decided to change. I found a place about 5 minutes from the house and booked an oil change, price was $42.99. I said fine took my car down. After it was done I went to the service counter to pay my bill which was $46 dollars and some change after tax. I pulled out a $50 and laid it on the desk with my invoice. The guy said oh you're paying cash well then it's $40 even. Again not a big savings but still. I get two oil changes a year on two different vehicles. And I never would have known this had I not paid cash.
Another thing I have to watch out for is the service charge already added in. I can't count the times I have sent a waitress back to refigure my bill when I said, I'm paying cash and you already added a service fee.
I do not know if this is saving more money than using a cash back credit card. I used my last credit card in 2010. I went straight to my bank card at that time. But this works for me and I am ok with it for now.
Anonymous B replied with this 2 years ago, 21 minutes later, 19 hours after the original post[^] [v] #1,268,098
Fake anon !ZkUt8arUCU replied with this 2 years ago, 3 hours later, 23 hours after the original post[^] [v] #1,268,125
boof replied with this 2 years ago, 15 minutes later, 23 hours after the original post[^] [v] #1,268,132
I calculate that one sheet costs you about 0.0059 US dollars from that pic. So one dollar would get you about 169 sheets.
Anonymous N joined in and replied with this 2 years ago, 1 day later, 2 days after the original post[^] [v] #1,268,296
I like cash because it means I am not supporting the banksters in their nefarious scheme to control the world.
Anonymous O joined in and replied with this 2 years ago, 25 minutes later, 2 days after the original post[^] [v] #1,268,297
thousands because i have no life and because of that can save money