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Cash Only Basis

Discussion in 'Money Talk$' started by SaggyWoman, Jan 2, 2015.

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  1. wpe3bql

    wpe3bql Member

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    No.
     
    #21 wpe3bql, Nov 25, 2015
  2. annsni

    annsni Well-Known Member
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    I'm going to be going out today to start my Christmas shopping and I need to work hard because on Friday I'm traveling 7 hours to get my dad from my brother's and I'd love to have all of the gifts for my brother and his family shopped for and wrapped so I can bring it down. I'm thinking that I just may simplify and just bring one credit card with me. I have plenty of money set aside for Christmas but I can get some points AND not have to carry a wallet around with me. :)
     
    #22 annsni, Nov 25, 2015
  3. cross89

    cross89 New Member

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    I don't use credit cards because I don't like paying interest on the things I buy. If I can't afford to buy it in cash why would I buy it plus 15-29% interest. Credit cards are legalized loan sharks with how high the interest is. It has always bothered me that to build good credit, it's recommended to college students to get a credit card on top of having those huge college loans.
     
    #23 cross89, Dec 22, 2015
  4. evenifigoalone

    evenifigoalone Well-Known Member

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    Not even going to get a credit card until it becomes necessary. I do use a debit card connected to my checking account, though, and it operates like a credit card.
     
    #24 evenifigoalone, Dec 23, 2015
  5. Salty

    Salty 20,000 Posts Club
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    Not exactly, if it is stolen - your checking account could be wiped in no time.
    If you buy gas at the pump - they may put a hold of up to $100 on your account - even if you only end up buying $10 worth of gas.( could take 3-4 days to release that hold on your account)
    Here are advantages and disadvantages
     
    #25 Salty, Dec 23, 2015
  6. NaasPreacher (C4K)

    NaasPreacher (C4K) Well-Known Member

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    There are no interest shares if you pay the full bill every month on time.
     
    #26 NaasPreacher (C4K), Dec 23, 2015
  7. John Yurich

    John Yurich Member

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    Yes.
     
    #27 John Yurich, Apr 27, 2017
  8. JohnDeereFan

    JohnDeereFan Well-Known Member
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    I agree but, in all fairness, if you have even decent credit, it's really easy to open a new 0% account. I get three or four offers per week.
     
    #28 JohnDeereFan, Apr 27, 2017
  9. Reynolds

    Reynolds Well-Known Member
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    I buy everything with my credit card. Pay it off every month though.
     
    #29 Reynolds, Apr 27, 2017
  10. Brent W

    Brent W Active Member

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    I have one credit card and have managed to reduce my monthly payments down to just the essentials with a few things for entertainment purposes. Growing up I was exposed to Dave Ramsey and while it didn't stick at the time I do try to live that kind of lifestyle these days. I try to keep as much cash on hand as possible and only use credit cards if needed.
     
    #30 Brent W, Apr 27, 2017
  11. Salty

    Salty 20,000 Posts Club
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    I normally have a petty cash fund of $50 per month.
    Larger purchases I put on my card -
    I am a little strange - I spend less with a card , than I do with cash.
     
    #31 Salty, Apr 27, 2017
  12. StefanM

    StefanM Well-Known Member
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    I use a credit card at gas stations. That way, if there is a skimmer, my bank account isn't compromised. I can live with having my credit card account temporarily frozen, but I can't live with having my bank account cleaned out.
     
    #32 StefanM, Apr 28, 2017
    • Agree Agree x 1
  13. Praying

    Praying Member

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    I have a card that every 3 months it will give 5% cash back on things you purchase. So from Oct. through Dec. it was for places like Sam's club, B.J's wholesale and Cosco along with Amazon this year. So yes I used it for Christmas and such. But always pay it off when the bill comes in. In a three month time period for groceries and gas I made almost $200. I just use that to pay off my bill and a check to send for anything over that amount. It's like getting free groceries and gas. I have never paid interest on any card because that would defeat the cash back deals. I always pay back the full amount each month.
     
    #33 Praying, Dec 27, 2018
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