Cash vs Debit

[E30_Pare]

Never put teh monies in my debit card. Card was closed now I only has cash :(

[e30trooper]

Support small business, spend locally and use cash. I pay over 700 a month for the pleasure of accepting cards at my business. Shit sucks, people have no idea how much money the cc companies and card processing vendors are making. By only using cards you are essentially giving ~2% of the national economy to the "bad guys" Think about it.

This is true. The only reason why business tack on that 45cent fee if you use a card ( however thats way more than they pay per card )
I work at a chevron gas station. We batch out ( every 100 CC transactions ) at least every 2-3 hours. CC free avg $130ish on 100 CC slides. Times that by 8 or 9 times aday. Thats alot.

[spike68]

fuck both. i dont have money

Fixed.



POW!

[e30trooper]

I use cash. I might use my debit card maybe 2-3 times a month if that. Thats if i dont want to break a $20.

[woodisgood]

Support small business, spend locally and use cash. I pay over 700 a month for the pleasure of accepting cards at my business. Shit sucks, people have no idea how much money the cc companies and card processing vendors are making. By only using cards you are essentially giving ~2% of the national economy to the "bad guys" Think about it.

[InuFaye]

Debit cards suck because you have no protection from any theft.

Banks wont reimburse your empty checking account.

[VANOS714]

Having a debit card controls my spending sprees as if I have cash I'd spend it like crazy.

[JinormusJ]

The only time I have cash is when there's a lot of it...
At which point I promptly throw it on my bed a roll around in it

[lambo]

I use my debit card for normal purchases but I keep track of the amount of money in my account very closely because there isn't a lot to keep track of. I use the cc for buying gas.

[freeride53]

real talk though,
after i get a steady job out of college, i need to build my credit.
the cash from debit idea is good for students/or those who don't make a comfortable amount to be able to spend from cc's.

i personally only deal with cash or debit, i try to just withdraw as much cash that i need per ocassion, and deposit the remainder of the cash into the atm.

also, i keep all of my big money in a chase savings.
i stopped withdrawing & transfering from my savings a LONG times ago, except for big-ticket items, such as blowing $2000 at my $1000 Peugeot ....smh..

I'm starting to invest/studying different kids of bonds, mutual funds, and the sorts.
Which is partially why im selling my e30.

[freeride53]

fuck both. i dont use money

[InuFaye]

I need to get on that.

Shit is awesome.

[spike68]

lately ive been using my credit card for a lot of things. But i never spend money that i dont have. I cant really use cash cause my bank isnt down in this area. I have to switch to a different one, but im to lazy. This means i never get cash unless i ask for cash back at walmart, which i hate going to walmart. :D
but seriously. if credit card balance < checking accout balance, then using credit card for everything = build credit = WIN

[slammin.e28]

Nope. I use Mint.com to keep track of all of the spending, and everyday I categorize what I spent my money on, and I can be more specific on each item if I choose.

I need to get on that.

[InuFaye]

I thought of doing the CC only approach as well since you're spending the money anyway, why not get some benefit from it.

Nobody has problems with items showing up later that you don't recognize?

Nope. I use Mint.com to keep track of all of the spending, and everyday I categorize what I spent my money on, and I can be more specific on each item if I choose.