How much cash is in your wallet or purse right now?
By The Horse
Walnut Creek, California
June 2, 2017 9:40am CST
Because I pay for almost everything everything by credit card (I get cash back), I don't carry much cash around. Sometimes my BBQ place is cash only (their machine tends to go down), so on an average day, I have about $25 in cash in my wallet. But I haven't made it to the bank since our gig last weekend for which I was paid $167, so I have about $200 in my wallet right now. The bank is near my work, so I hope to make it over there later today, but I've been too busy up until now. How much cash do you usually carry? Do you get paid in cash for some of your work? Do you have a "norm," like I do? For how long do you deviate from that norm? I've had this gig money in my wallet for almost a week.
58 people like this
• United Kingdom
3 Jun 17
I rarely carry cash but at the moment I have quite a bit in my wallet due to my birthday last week when I was given cash and a £50 shop gift card. I generally use my bank card to pay for things. I try not to have too much on me if I can help it. I have an oyster card to pay for bus fares. This is topped up automatically when it drops below £20. Mostly less than £50 = $64 will be in my wallet at anytime!
• United Kingdom
3 Jun 17
@vandana7 HI there how are you? No I am a Taurean. A debit card just takes money out of your bank card whereas a credit card charges you interest if you do not repay it when you get a bill. An oyster card is a card that you can use on the buses, tubes and trains in London. You load the card up with money as no bus drivers take money now. When you get on you touch a register point on the bus. On the tube you touch it as you go in and have to touch it again as you go out otherwise you will be charged more for your journey.
3 Jun 17
There was a time till 7 to 8 years back when we had less options for electronic payments I used to carry 3000 to 5000 Indian Rupees. But now I mostly have 500 to 1000 rupees, except if there is a special need. Otherwise I use cards or other electronic means of paying. And in days of demonetization I sometimes had just 1 to 10 rupees in cash!
5 Jun 17
@vandana7 Well keeping more cash is needed if we are traveling somewhere by train or flight. Else, keeping this much cash can sometimes be a safety risk, as robbers abound these days- and I am more worried about more well off families' born robbers- many even have their cars and flashy bikes but rob or kill people for more easy money. So plastic money is still a bit safer option. And we can block the card if we lose one in some time.
6 Jun 17
@vandana7 and yes demonetization''s implementation was very unplanned and shoddy. I know it could not have been planned. However the individual banks did not cooperate with RBI. Some banks like Kotak Mahindra, IndusInd etc had token systems and managed in a better way. However some corrupt bank people favored more rich people and got kickbacks too. Some got caught but I think many escaped
• Walnut Creek, California
@rebelann I don't think I've had any incidents yet. Now, some stores around here are having us enter that little three-digit code on the back of the card. I guess that makes it harder for someone to steal card info--I'm not sure.