Yea. I could go on and on about why I prefer cash a lot of times. Not always, but I always carry a couple hundred bucks on me. I also usually hide $20 or so somewhere in my car. Just in case I need gas and I forgot my wallet or the payment system was down or anything like that. It won’t get me a full tank. But it will get me home.
The odds of getting robbed are slimmer than getting my credit card skimmed. I’ve had credit cards skimmed multiple times in the last few years. Last time I was robbed was over a decade ago, and that’s cause I passed out at a party and someone told my wallet.
One could spend thousands of bucks before getting shut down (and thankfully I have good fraud protection so I didn’t pay) while the other got 50 bucks.
Bartering is also a good one. It’s easier to barter with people at stands or who make their own goods. Most handymen or trades workers will charge you less if you pay in cash. They probably aren’t reporting the income, but they also aren’t having to pay the payment processor 5% of the total. When you make a $5000 repair to your house, that’s $250 just in fees the contractor/handyman has to pay. Cash avoids that.
Yea. I could go on and on about why I prefer cash a lot of times. Not always, but I always carry a couple hundred bucks on me. I also usually hide $20 or so somewhere in my car. Just in case I need gas and I forgot my wallet or the payment system was down or anything like that. It won’t get me a full tank. But it will get me home.
The odds of getting robbed are slimmer than getting my credit card skimmed. I’ve had credit cards skimmed multiple times in the last few years. Last time I was robbed was over a decade ago, and that’s cause I passed out at a party and someone told my wallet.
One could spend thousands of bucks before getting shut down (and thankfully I have good fraud protection so I didn’t pay) while the other got 50 bucks.
Bartering is also a good one. It’s easier to barter with people at stands or who make their own goods. Most handymen or trades workers will charge you less if you pay in cash. They probably aren’t reporting the income, but they also aren’t having to pay the payment processor 5% of the total. When you make a $5000 repair to your house, that’s $250 just in fees the contractor/handyman has to pay. Cash avoids that.