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The O.P. writes: "Yesterday I was driving past a Michaels and wanted to go in there to shop but I felt afraid to buy anything there due to the recent identity theft scare, so just drove on by. "
Quite apart from cash vs. credit card, you did yourself a favor by not going into that chain store. There really isn't any thing there you need. It's filled with Chinese-made, worthless junk.
I do my spending/budgeting with a CC as well as others.
I have $20 in my wallet and use my CC for everything during the month.
I pay off the bill each month. No interest charges, no fees.
And then I have one single statement to track my spending eliminating the need to track my spending
Works for me. I'm not an impulse spender and have been doing this for near 5 years now.
I do my spending/budgeting with a CC as well as others.
I have $20 in my wallet and use my CC for everything during the month.
I pay off the bill each month. No interest charges, no fees.
And then I have one single statement to track my spending eliminating the need to track my spending
Works for me. I'm not an impulse spender and have been doing this for near 5 years now.
I was responding to the following post about VISA gift cards...
Quote:
Originally Posted by vanguardisle
What do you think of the visa gift cards you can buy in stores? Its not reloadable and they do charge a fee to put money on it but you can put up to $500 at a time and it might be harder to hack since it is temporary.
They come with hefty loading fees and are not standard credit cards. Congrats on finding a system that works for you. You are in good company. In the past I have used a credit card in a similar manner, but cash works better for my family at this stage of our life.
I am not interested in converting anyone, rather I just thought I would share how we do things. Little did I know that it would make me a target for a parade of insults about my supposed lack of discipline and apparent bent for exaggeration. Sigh.
I was responding to the following post about VISA gift cards...
They come with hefty loading fees and are not standard credit cards. Congrats on finding a system that works for you. You are in good company. In the past I have used a credit card in a similar manner, but cash works better for my family at this stage of our life.
I am not interested in converting anyone, rather I just thought I would share how we do things. Little did I know that it would make me a target for a parade of insults about my supposed lack of discipline and apparent bent for exaggeration. Sigh.
They probably think you're an impulse spender and if given a CC would rack up the debt to the limit and then not be able to pay when the bill comes.
That's the typical American these days that everyone gets lumped into.
Lately I have seen a scam with cash only prices at gas stations. Often the credit price has been jacked up by as much as $0.75-1.00/gallon.
Good for them! This is the way it should be since bank fees ADD to the cost of selling gas. Gas cards enable the Gas Industry to overcharge for gas--IOW, cash/non-merchant CC payers are being OVERCHARGED for gas purchases everyday!
Quote:
Originally Posted by Bubito1724
After learning about Banks and how they are just stealing millions from us and basically running everything, I refuse to put my money in their hands.
Bingo. By using cash, you starve the unfriendly financial beast. I limit my CC usage as much as possible; it's sad because CC is the best way to pay for things IMHO. Even @ Walmart, I feel uncomfortable using a CC for purchases under ~$50.
Disclosure: ATM withdrawals (walk up 2x/month) takes me 2~4 minutes everytime, & that includes counting the money twice.
Good for them! This is the way it should be since bank fees ADD to the cost of selling gas. Gas cards enable the Gas Industry to overcharge for gas--IOW, cash/non-merchant CC payers are being OVERCHARGED for gas purchases everyday!
Bingo. By using cash, you starve the unfriendly financial beast. I limit my CC usage as much as possible; it's sad because CC is the best way to pay for things IMHO. Even @ Walmart, I feel uncomfortable using a CC for purchases under ~$50.
Disclosure: ATM withdrawals (walk up 2x/month) takes me 2~4 minutes everytime, & that includes counting the money twice.
I use my CC for everything for the month and then pay the balance in full.
I'm actually using the bank's money for that month while my money earns interest (yeah it's minuscule).
Am I not starving the beast as well by borrowing their money for FREE for a month ?
One could argue that since credit card issuers charge merchant fees, cash purchases reduce their revenue stream.
Do you get a discount every time you make a purchase with cash?
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Too much CC usage perpetuates inflation
This is the way it should be since bank fees ADD to the cost of selling gas. Gas cards enable the Gas Industry to overcharge for gas--IOW, cash/non-merchant CC payers are being OVERCHARGED for gas purchases everyday!
