What is your preference when it comes to money?

United States
November 24, 2007 12:24am CST
Would you like to carry credit cards,ATM,cash, checks,IOU's (hehe)? I personally like credit cards. I feel more secure using them and the fact that the money don't immediately come out of your pocket makes it even better. You get what you need and want and you pay at the end of the month. You have a whole month to come up with the cash to pay for the stuff you want now. You can not do that with checks or cash or even ATM. These payment method would require you to have that in your account for you to even use. So what is your preference?
4 people like this
27 responses
@Dorizzle (27)
24 Nov 07
Bank card because I hate carrying cash around (you never know) and I feel cool swiping my card and paying off something I've been saving up for. I also like online buying (i.e. paypal) because I often forgot I bought something on eBay and get surprised a week later with a game or something that I was excited about.
• United States
24 Nov 07
That sounds great. My sister does that too. She buys stuff on ebay either for her or for someone else and she forgets about it and when it comes it's like Christmas all over again. LOL.
• Philippines
24 Nov 07
well i would prefer credit cards... but not all shops here in the Phils. accept credit card so i have both cash and credit card....
1 person likes this
• United States
24 Nov 07
Yeah, I know it sucks really when I go get some food or dessert from those Asian shops they demand cash only. Huge sign saying CASH ONLY. But actually for their own benefit they should take credit card because less fake money going through their hands. Man the other day the manager at the Gap caught this guy using a fake $100 and man it look totally like the real thing. They can now print on the real thing so when you use currency pens on them they will say it's the real thing. It was a real $1 bill that they printed $100 on top of. Real good at it man when I saw it I was shocked.
@AKRao24 (27427)
• India
24 Nov 07
What I normally do is keep my money in the Bank and then I have Bedit Card or ATM Card with me along with a smll amount of cash to meet immidiate expenses! When ever I am going for shopping or other places where I need to spend money I withdraw trhe cash and spend the cash only! I am strictly against credit cards as there is no check then on spending! By using your debit card you can have check on your spendings and you will not spend the money in haphazard manner or you prevent your self from instictive or compulsive shopping attitide ! I even don't use my debit card for paying bills at shops or Malls as they attract about 2.5% extra as service charges! Thsnks ! It was a nice discussion!
• United States
24 Nov 07
Thank you what you have contributed in this post is very valuable. Take care.
@subha12 (18441)
• India
5 Dec 07
it depends. I use credit cards rarely. I use debit cards. But I like to take less acsh with me. in terms of shopping, eating out, most of the time i use debit card. when the amount is less i pay by cash.
• United States
5 Dec 07
Yeah, the only time I pay with cash is if it cost under $10 if not I use credit card. Thank you for you comment. What a cute little baby, she is so precious. Is that your little girl?
@joahnna18 (368)
• Philippines
1 Dec 07
I always carry cash and credit card. Credit card i can use it all the time and anywhere it's very accessible. I only carry 500PHP not more than that for my safety purposes nowadays there are many bad elements surround us. lol If i use credit card i make it sure that i use it properly and wisely so i can pay it on due so they will not gave me high interest.
• United States
1 Dec 07
Yeah if someone took your wallet or purse they can use the money no trace no nothing. Your out of luck. But if it is a card you don't have to pay just file a report and close all the accounts and reopen new ones while they are investigating and frozen your current account. Thanks....
@ar2sun (122)
• India
24 Nov 07
I prefer ATM's and I think it is a cool way to withdraw money .
• United States
24 Nov 07
I also like atm cards because you can check your balance in your account and know how much you can take out.
• United States
25 Nov 07
Yup, ATM's are great you have a record of your spending instead of cash where you don't have that advantage. Sometimes I would look in my wallet and my $20 is missing I think to myself hmm where did I misplace it, but then with some long thinking I realized I used it to buy little knick knacks. But, sometimes I use the cash so fast I don't remember what I did with it.
@muralimn (534)
• United Arab Emirates
24 Nov 07
I do not use much of credit card. I plan never to use credit card but sometimes end up using the card. Otherwise I use my Debit card or sometimes cash. Well I always try not to use my credit card.
• United States
1 Dec 07
Yup I hear you. Most people I know say the same thing you do. They find it crazy that I will always pull out the plastic even if it is like 10 bucks but this system works for me. I know how I spend my money and where I spend it at toward the end of the year. Thanks for the comment.
• United States
25 Nov 07
I like to have cash or debit. Mainly because I dont like to be in debt. I would just rather know it is mine and I dont owe anyone for it.
• United States
1 Dec 07
Yup, I hate being in debt too. That is why when I was in my younger years I used only cash. Now, I want to say I am a bit wiser with age so I can hold back buying what I want and only use it to buy what I need. I just like it being so convenient to use. Thank you for your comment.
@drannhh (15219)
• United States
25 Nov 07
Although PayPal is my favorite kind of money, credit cards are nice, too, especially the ones that give you cash back on your purchases. I think in the next 10 years or so, the shape and capability of credit cards will advance considerably. It is nice to have a little cash on hand for emergencies, but I don't like to carry cash. It has lots of germs on it and takes up too much space in a wallet.
• United States
1 Dec 07
Paypay charges a fee that's what I don't like but I do like it's convenience-ness. Yeah as time goes by things get more advance not just in technology for machines but for everything else. Like that saying for everything else there is that mastercard LOL. I like plastic because it convenience and easy to use and you have a whole month to pay them back no fee no hassel. Thanks....
@dianne17k (587)
• Philippines
24 Nov 07
With all the credit card fraud cases in the country, I stick to cash. I like the convenience of using the credit card but because of all the reports of people stealing your credit info and using it up to your limit, I use it only in reputable establishments. Another thing, I don't like about credit cards is that sometimes you go over your budget.
• United States
1 Dec 07
Yeah that is one thing that totally sucks and many more if you read the other post about the cons of using the credit card. I too have had the misfortune of someone stealing my credit card too and it took a while to fix the problem but it got resolved. We just find solutions to try and prevent it from happening again.
• Singapore
25 Nov 07
For me, I prefer to carry cash for daily basis. I used to carry credit card and ATM but unknowingly I used to spend so much money. Therefore, I stopped that. If I carry cash about $50 I know that I have only this much of money so I think twice before I spend. In that way, we save $$$. But, when I travel I make sure I carry credit card and cash.
• United States
1 Dec 07
Yeah, I did that too when I was young. Then I went toward only using cash and ATM. But, now that I am older I like the convenience of a credit card. Only because I have kids in one hand trying to pay with another hand. It better for me to slide that card then to fumble for money and change. Thanks....
@kent2207 (35)
• Singapore
24 Nov 07
Do be cautious when using credit cards. U might just chalk up a huge sum of debts waiting to be cleared. Average interest rate is at 24% p/a! That's awfully huge!
• United States
1 Dec 07
Heck yah, the many disadvantages of a credit card. This is the price we pay for convenience sake and for the luxury of getting something and not have to pay it now. It's great but if you don't know or have a way of controlling your urge to spurge so to speak then don't use the credit card. Cash would be best for people in that catagory. Thank you for your comment.
• United States
24 Nov 07
CASH!! The idea of pulling it out and giving it away saves me from alot of unecessary spending which I can easily do with credit cards.
• United States
1 Dec 07
Like they say CASH is king lol. Yeah a lot of people seems to like carry cash. For those who can hold back and use the credit card right then this is a better way. But, whatever works for you would be the best way for you and for others whatever works for them. Take care and thank you for your comment.
@vmenard (895)
• United States
25 Nov 07
I like using credit cards, because I get reward points. I try to make sure I only spend what I can pay off when the bill comes.
• United States
1 Dec 07
Oh yeah, I forgot about the rewards. Great point to make. Another pro for using the plastic almighty hehe now maybe the credit card can be prince since cash took the spot of kingness. LOL. Thanks for the comment....
@maryannemax (12156)
• Sweden
24 Nov 07
i am a cash person. i only carry my ATM when i needed to withdraw money. i only withdraw money which i know is necessary. when going to shops, i buy things which will only fit into how much money i have in my wallet. i just try to pay things within my reach. i always lived this way and i am happy with how i do things. no credits to think that i should pay at the end of the month, etc. anne
• United States
25 Nov 07
That is great you have a system going to keep your cash in balance. Thanks for your post.
• United States
24 Nov 07
I like to carry cash because I then know what I ca spend. With a credit card you can spend what you want but then later you might not be able to pay for it. I used to have credit cards but spent way to much money on them.
• United States
25 Nov 07
Yeah, if you had a personal experience with credit cards that went bad then cash would be the best bet. Thanks.
@livvy092002 (1032)
• Philippines
24 Nov 07
I still prefer to use cash when i pruchase or do transactions. Eventhough the trend now is to carry "plastics" (e.g. credit cards, atm, etc) i still think that its convenient to carry cash. Of course not so large an amount that would risk you to being holded up or whatever, but just enough to make you spend for your necessary day to day transactions. Well, atm is also convenient to carry coz if you run out of cash, you can just search for a nearby atm and withdraw your earnings.. As for credit cards, not all companies here in our place accepts credit cards, so it is still better than you have cold cash ready. And besides, i know some people who are not so well in managing their finances that they tend to bloat up their expenses because of purchasing so many things on credit (using credit cards). At least, since i dont have any credit card.. i wouldn't be tempted to purchase just about anything (even unnecessary things) that i find pleasing to buy.. on credit.:-)
• United States
25 Nov 07
Thank you for your comment. Yeah, I know about those impulse buying thingy :X
@azimsay (543)
• India
24 Nov 07
If I got cash money I will bring car for my travel habit.You know I am going here and there by aoto.I was waitting for my own car.
• United States
25 Nov 07
Thanks for your comment.
@maybebaby (1230)
• Canada
24 Nov 07
I like to put everything on a credit card and then just pay that off once a month. I find it more convienent than carrying around cash and when you use debit you get charged per transaction. Credit card is just easier for me.
• United States
1 Dec 07
Yup that is the way I do it too. Once you find a system going and it works well for you then life smooth sailing so to speak. Thank you a lot for your comment. Have a great day....
• Philippines
24 Nov 07
hi cartoona4umaniacs, For me I still prefer cash it saves time and effort looking for an atm machine to withdraw and here in my country not all stores accepting credit cards.
• United States
25 Nov 07
I see, cash is accepted everywhere so for convenience that would be the best way to go. Thanks.