Quote: (08-07-2014 11:29 AM)jamaicabound Wrote:
Both have pros and cons. Cards are good that you can do chargebacks if need be. You earn points which equals money whether it be cashback or free flights. Its also nice if you use Mint.com or similar services as it helps you budget and learn your spending habits where as you would have to manually do that with cash.
Cash is good as some people say its more concrete you real8ze what you are spending and having to hand over cash vs swiping a card which some people says psychologically allows you to spend more.
At bars I like cash if Im grabbing drinks hate waiting for a waitress however with cash I find ai feel the need to leave a tip with every drink plus my change so sometimes it works out better just leaving one tip at the end of its a place I know aim gonna be for a while.
I was thinking about allowing myself so much cash per week as a budgeting tool and when my wallet is empty its gone but I tend to lose cash or forget about cash in pockets so not great for me cuz I know I'm bad with cash.
As far as cash unless you got a drug dealer wad nobodies gonna be that impressed by a couple hundred bucks a d it can come across as kinda dooshy if you go out of your way to flash cash.
Anywhere in the US except certain places like New York City, having even three hundred dollar bills in your wallet (and some smaller bills) is enough to make most PEOPLE's eyes widen (or at least notice). Why? Because it's rare.
Cash is powerful. A few examples/theories as to why this is:
1. Carrying cash can be risky, if you always have cash on you people just automatically assume you understand the risk but are confident/strong enough to not have it really affect you.
2. ANYONE can (and generally does have a credit/debit card, how many people do you know that have cash on hand at any time).
3. Cash makes things happen. If you don't believe me, try dropping a small amount of money (but an inordinate amount in tip) to a service person. Bartender, waiter, bouncer, guy washing your car, etc... You will get BETTER, FASTER, AND FRIENDLIER service nearly every single time.
4. People who get paid any significant amount in cash will tell you, if they're getting paid in cash they can IMMEDIATELY make that work for them. It doesn't automatically get a percentage taken out for the government or any other fees, you don't have to wait on it. You're paid NOW and FULLY.
5. There are things you can't easily buy or achieve with credit/debit and even those things that you can get with credit/debit, GOOD LUCK NEGOTIATING the price. Cash gives you flexibility. Nearly everything is negotiable when you have cash. I've purchased cars, food, furniture, electronics, and all manner of things both retail and secondhand for BIG discounts when I negotiate with CASH.
The saying has NEVER been (and likely never will be), "credit is king."
The saying is "CASH IS KING" and it's for good reason. Some of the reasons I didn't even list (like making a speedy exit at a bar/restaurant when you're on a date).