Even then, I’ve been using Venmo to pay for Craigslist purchases for many years now. Haven’t had a cash transaction there in a long, long time…
I literally have never heard anyone use the term Benjamin outside a cartoon, or bad gangster movie from the 30s.
6% of the US population is unbanked. Philly, with it’s high poverty rate is probably higher than that.
I’ve also seen surveys that people who pay in cash spend less, & I believe that. I don’t necessarily remember mid-week that it was an expensive trip to the grocery store over the weekend but if you pay cash & open the wallet to see it kind of light then it serves as a reminder that, oh yeah, my cash went to ____.
Or the aughts (2002 in this case). This is where I knew it from (heard of it, never watched it)
Yeah just old times slang I didn’t think anyone ever really used.
Ok. We can agree to disagree. I hate cash only businesses but wouldn’t pass a law forcing them to take credit.
Back to topic: I have recently been selling off some of my fountain pens, some online and some in person. Ended up with hundreds, hundreds I tells ya, in cash from a pen club meeting. I drove to my credit union and deposited it. In person and in cash is a lot easier, still, than dealing with Paypal (never done Venmo) and shipping as a seller. Buyers might not feel that way.
Ooopsy! My bad, error, error…
I have a friend who sold a high end sports car to a couple who owned a marijuana dispensary. They paid cash, it was well over a $100k. They went to his bank who counted and immediately deposited the money for him.
I’ve been to several local restaurants that charge less if you pay cash—I assume because it costs them more to accept other forms of payment. So I try to pay small, local businesses in cash.
My gasoline costs less with a cash payment, as do several restaurants.
This. I pay with cash almost daily. Many small stores and gas stations charge the customer an added fee when using a credit or debit card, and often paying cash for gas can save 15 or 20 cents per gallon. That adds up quickly. And a penny saved is a penny earned and all that. It’s also much easier to keep track of my bank activity when using cash as I don’t have to wait for transactions to be processed through and deducted from my account. Example: I used PayPal to pay for my son’s school books (actually a online ebook subscription) and it took two days for pay PayPal to email me a recipt and another 2 days to show up on my bank statement. Absolutely maddening. With cash that’s never an issue.
$50 bills are the best. You can carry $200, $300 in your wallet without it being “fat” and they tend not to raise the hackles of a cashier like a $100 bill does.
I have never, but never recived weird looks or heard a snide comment from anyone when paying for anything with cash. As noted some cashiers find $100 bills a PITA to deal with, but they still accept them. Usually. Buying a $3 coffee with a $100 bill is a dick move though. Carry a couple of $5’s, 4 or 5 $10’s, and the rest $50’s. You wallet won’t be too fat and you’ll have enough cash for both conveniences and emergencies.
Regardless of your personal attitudes toward cash it’s always a good idea to carry enough folding green to buy yourself a meal and fill up your gas tank. You never know when a POS machine will be down and you’ll need to pay with cash. I also carry ~$10 or so in dimes and quarters in my car in case I find myself needing them for a parking meter. It doesn’t happen often but when it does cash – coins, in this case – is the only option.
And tattoo parlors and many barber shops.
Ditto.
However, I’ve read some really annoyed stories on Not Always Right about being handed “sweaty” cash. The problem’s not the cash; it’s the cash being sweaty (or sometimes worse.) Stash your cash where it doesn’t pick up your bodily fluids.
And I associate $100 bills with people who want to show off how rich they are – or, possibly, who are trying to pass a forged bill. I don’t generally take them at farmers’ market. Especially not for a $2 purchase. Take the Benjamins (a term I’ve read but don’t think I’ve ever heard in person) to a bank, or at least to the sort of large business which has lots of change in the till and a bill-testing system there on the spot. 20’s should be fine.
Of course, if you deposit a large amount of cash in the bank, they’ll have to report it. I forget the exact amount.
Not up here in Canada where cannabis is fully legal and credit/debit cards are welcome.
$10,000.00 or more.
In the 90’s, I knew a guy that when depositing his paycheck, he would get $100 cash in $2 bills. Now those will have people give you looks. Some people aren’t sure they are even real, no register has a drawer for them.
The Po-po may even threaten to arrest school kids who try to use them to buy chicken nuggets
Sure: as long you don’t mind paying very substantially more than at your local supermarket.
I’m guessing that for some people with limited transportation options and limited options within walking distance, yes, they’re shopping at Walgreens or CVS or even a convenience store.
There were a lot of them around here for a while, because maybe twenty or thirty years ago somebody got the bright idea of ordering a batch of them from the banks and spending them at local business, while asking the recipients to spend them at other local businesses, so people could see how the money circulated around the county when it was spent at locally owned businesses instead of the big boxes.
Unfortunately, because nobody’s cash drawers had a space for 2’s, most of them went right back to the bank. I stuck them under the drawer in my cash box and did spend some of them locally, but not everybody was happy to get them, due to the cash drawer problem. Once in a long time I do still get one – I think I got two this summer, both from the same customer.