Gen Z Is Killing Cash

[GrantNKY]

Well I was just thinking, what do you count gift cards as? Because I drive so much, when I go to Krogers, I will buy gift cards for the usual lunch stops, and then use the gift cards for lunch purchases.

Anything that isn’t physical currency is what I prefer. Gift cards are similar to a debit card in my eyes.

[GrantNKY]

Dont like using my credit card for small purchases, or anywhere the card leaves me to process a transaction.

For me at least it’s the small purchases that add up leaving me wondering where all my money went.

[plantmanky]

For me at least it’s the small purchases that add up leaving me wondering where all my money went.

 

I get that, other than lunch, I dont really make any small ones unless its a quick trip to krogers or something.

[rockmom]

I rarely have cash, and 99.9% of the time I do, I use it to drop into the buckets of the people collecting in an intersection or I will give to a homeless person. I’m like MJ, in my mind, cash is already gone. I am much more diligent in watching what I spend on credit cards.

[UKMustangFan]

1) Curious how much cash do you carry on you at any one time? I think for me to have enough cash on me to cover any possible expense on a given weekend would probably be north of $200.

2) I guess I’d rather have my spare money sitting in a bank earning interest as opposed to in my safe.

 

That’s why you budget everything. You know exactly how much money to have on you at all times.

[woodsrider]

I rarely have cash other than a few dollars.

[TheDeuce]

Dont have a debit card or ATM card for my bank accounts to use. When I need cash I got into the bank and get it. I use my credit card for lots of things over $100 or so.

 

How is using a credit card any different than using a debit card, in terms of safety?

[jvdfc]

I still use cash. I have multiple CC's but rarely use them.

[TAC]

They aren't any different.

 

Fees?

Sometimes the ATM may not be related to your bank?

[UKMustangFan]

Fees?

Sometimes the ATM may not be related to your bank?

 

Yeah that’s a difference, but most banks reimburse all ATM fees anymore.

[ThrillVille Cardinal51]

I use cash for everything. Other than gas. I use my debit card for that.

 

Haven't even had a CC in my wallet in over a year.

 

I’m the same way! I changed it up with my debit at gas stations after I fell trap to one of those skimmer things. Someone was able to make a copy of my debit card and took out 1500 bucks from an ATM. The bank advised me to use cash or credit at gas stations. Apparently that’s safer.

[ThrillVille Cardinal51]

How is using a credit card any different than using a debit card, in terms of safety?

My bank told me it was too. Not really sure how though.

[TheDeuce]

My bank told me it was too. Not really sure how though.

 

They told you what?

[ThrillVille Cardinal51]

They told you what?

 

That credit is safer than debit.

[TAC]

Yeah that’s a difference, but most banks reimburse all ATM fees anymore.

 

I thought the same until I got zinged for 2.75 with no 5/3 on the map. Usually only hit it up for my allowance but was out of town and needed cash for cover charges.