Do you want to keep cash or store it into your bank account?  |
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I don't want to carry a lot of cash with me. First, it's not safe. Second, it's easy to spend much more money. Third, cash isn't very clean in my opinion. When I need money, I prefer to go to the ATM to withdraw the cash and that's very convenient. And since the credit card is very common and popular to use, so I don't want to have more cash with me.
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1. marciascott (9796) | 6 months ago | Yes I want to keep a little cash, I have credit cards 6 and I have 2 Bank Accounts. I like to have money everywhere.
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youless (10219) | 6 months ago | Thanks for your response.
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2. kbourgerie (1696) | 6 months ago | I am bad about carrying my cash with me, because I get paid on a card instead of direct deposit or check. I get charged everytime I make a withdrawal, so I take it out all at once. So often times, I'm carrying around a few hundred dollars in my purse. Bad habit, I suppose. One of these days, I'll get around to opening an account. Just seems like I never have the time. I'm at work during banking hours. And on my day off, don't want to leave home.
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youless (10219) | 6 months ago | Fortunately here the banks still work on Saturday and Sunday.
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youless (10219) | 6 months ago | Since the ATM machines are available here and there, so I don't really have to carry a lot of cash.
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4. book1962 (9827) | 6 months ago | I only take with me what I really do need when it comes to cash. Like you I am not too happy with carrying a full wallet. But I dont use a credit card either, I have given up on it as it costs additional money each year.
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youless (10219) | 6 months ago | It seems that credit card will make people buy more things.
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5. aseretdd (4159) | 6 months ago | I prefer to keep my money in the bank... and just hold on to a few... just for my allowance... and if ever i need to pay bills or buy groceries... i use my credit card... i usually only withdraw when i need to pay my credit card... that way i am not tempted to spend money on anything... i don't really like having a lot of cash with me...
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tigertang (1485) | 4 months ago | It's not actually very safe to carry that much money around with you. Even if you don't run the risk of getting robbed, you also face the risk of misplacing your wallet and once you lose cash, it's gone. Personally, I think it is important to have a bank account, unless you are an illegal immigrant. Allot of transactions require you to have a bank account and these days, people are very supicious of too much cash, thanks to anti-money laundering laws. The other reason for having a bank accont is the fact that you can earn interest and get your money to work for you. I know most bank accounts pay a pathetic rate of interest (4% range in the US, UK and EU and a miserable 0.25% in Singapore) but its still better than not having any interest on your money at all. The key to increasing your money is to have it compound and the first place where you can get your money to compound is in a basic savings account. Personally, I would try to avoid having credit cards because banks use them to get you to borrow money from them at outrageous interest rates. But do keep a debit card for convenience sake.
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6. kamran12 (1810) | 6 months ago | Hello youless!:-) I, too, don't carry to much cash with me mainly because of same reasons as yours. Almost everything can be paid by my debit card. Plus, this way, I am out of worry not only from theft but also from accidentally dropping my notes or forgetting my wallet somewhere, where someone would rob me off without any effort. But, I do keep some cash though, because the cards are not accepted below a certain amount of purchase. For example, at some places, debit card is only accepted if I make a purchase of more than 5 or 10 or 15 Euros! I don't use Credit cards either, because I have experienced that I tend to spend more with credit card than I would normally do without it, which isn't quite good, for me at least!:-)
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youless (10219) | 6 months ago | Here if a shop can accept to use the debit card and credit card, then no matter how much the amount is, it will be acceptable. I like this way. When I traveled to Hong Kong, it's a little different. They accept to use cards when the amount is up to HKD100.
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kamran12 (1810) | 6 months ago | You are fortunate in that the cards are accepted no matter how much worth you purchase there. I would love to see this possibility here but I don't think it will be possible at least till the time I am here.
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7. suehan1 (1812) | 6 months ago | i don't like to carry cash with me,i usually just have enough on me to last a few days.mostly i buy everything on eftpos,so it comes directly out of my account,so the cash i carry is just small change for the work car park etc.cheers sue
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youless (10219) | 6 months ago | Thanks for your response.
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8. moondan (496) | 6 months ago | I don't want to hold many cash im my pocket or wallet. I think it is not safe.my memory is not very good .so losing things is common for me.i don't want to take so many ash around myself.Maybe one day i will lost them and i must regret and sad for a long time. for another thing,there are many thives in the street especially in the busy street or on the crowded road.If we don't pay much attention to our bag,the money will lost within a short time. Last but not the least,now there are so many automatic money get machines and banks in the citys.With one card,we can get our money from any bank,though it spends a few of tip.But safe is the most important.Taking enough money to eat,to buy what i plan to is ok.Most of the money i stroe it in my bank account.
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youless (10219) | 6 months ago | My wallet was stolen in the past. So after that I told myself I would never make such a mistake. When I am outside, I will keep alert.
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9. nini168 (1361) | 6 months ago | When I was young, I have a time losed 100 yuan on the way to the supermarket. At that time, the number means half a month's expenses of my family. Because of this, my family have to suffer a hard time. So now, I do not like take a lot of cash with me, for I am afriad I will lose them. As now, we can have a credit card or dibit card easily, and all of them can be used in many places like supermarkets, big stores and so on. So I can take a card instead of cash. if there are some place only accept cash, I can draw money from the ATM. It is so convinient. But with a card, I lose my sense of money and send more than I expected. So it aslo brings me a great problem, and not easy to solve.
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10. olisae (568) | 6 months ago | well,I share your views as well,but the thing is that if the banks are not reaping me of then i think i subscribe to keeping the cash in the bank than handling cash.cheers.
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youless (10219) | 6 months ago | Thanks for your response.
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