Carrying cash.

[UUJblue]

Interesting one this.
For about 2 years now Ive carried no cash, I pay for everything with my credit card.
I pay all the household bills with cc as well.....everything. Rates, Grocery, Bills etc
I pay off the cc bill every month so pay no interest. For each $1 I spend I get an air mile.
Up to now Ive had free flights to the USA, Tokyo and Hong Kong plus some internal flights in Oz

Does anybody else live like this

A mix of both, anything under a tenner i often pay in cash and you get the odd dick in a taxi or shop who wont budge or add a fee. I do see your point though, i worked for a big four accounting firm and spent £80k on expenses in 2 years. I ditched their corporate green AMEX for a gold one. £80k = 80k points which is a cash equivalent (via amazon) to about £400. Very shit when you think £1 spent is 0.005p. I therefore spent most of it on a new 4k flat screen in time for the world cup. I do have about 30k point left in the AVIOS account which i cant move out after moving in one day but looking for a trip to Asia at some point. An advise on buying air miles as any time i dig around i feel that most flights are better value just purchasing clean than spending with cash+points?

I have left that firm now and will ditch the AMEX and its now £110 odd a year for membership. I would use it the odd time to make expensive purchase like furniture.

Which credit card do you use as im looking to change before september.

 

[BlueHammer85]

i draw out £200 and spend pretty wisely

i like seeing my statement at end of month and not having a lot of transactions

 

[DavidWhitesBoots]

I mainly use cash, I carry a cash card but it's rarely used barring petrol stations.

Sent from my Armor_2 using Tapatalk

 

[ell]

I use cash quite often, refuse to have contactless on my bank cards (Although I will use apple pay incase I've left my wallet at home or I've ran out of cash)

I think the phasing out cash will benefit the government but have no real benefit to the average man.

 

[denislawsbackheel]

Always amuses this debate.
Pound notes are nothing more than credit themselves.
They have no intrinsic value.

Of course govts want to move to a cashless society. So much easier for HMRC to keep tabs on us all.


I always use a credit card for anything over a fiver. I pay it off in full by direct debit every month.

I never use a debit card.

Then if I get defrauded it’s them trying to get money out of me rather than me trying to get money back into an empty account.

I always tip in cash though. I asked a waitress a couple weeks ago what happens to tips paid on cards. She said management take 40%. If that’s industry wide its a fucking disgrace.

 

[aguero93:20]

Oh yeah, what have you done then wanting to be under the radar?

Nothing mate, just think people get into personal debt way too easily and I've a better idea of what data is collected than most.

Go to an ATM, withdraw cash that belongs to you and live on that, it's not that hard. Laser card is fine but makes it harder to manage spending, credit cards are a mugs game.

 

[Kinkladze 1]

Interesting one this.
For about 2 years now Ive carried no cash, I pay for everything with my credit card.
I pay all the household bills with cc as well.....everything. Rates, Grocery, Bills etc
I pay off the cc bill every month so pay no interest. For each $1 I spend I get an air mile.
Up to now Ive had free flights to the USA, Tokyo and Hong Kong plus some internal flights in Oz

Does anybody else live like this

Card as often as possible. Why would I want a pocket full of skanky coins that a bunch of tramps have handled when I don't need to?

 

[Sid C]

A mix of both, anything under a tenner i often pay in cash and you get the odd dick in a taxi or shop who wont budge or add a fee. I do see your point though, i worked for a big four accounting firm and spent £80k on expenses in 2 years. I ditched their corporate green AMEX for a gold one. £80k = 80k points which is a cash equivalent (via amazon) to about £400. Very shit when you think £1 spent is 0.005p. I therefore spent most of it on a new 4k flat screen in time for the world cup. I do have about 30k point left in the AVIOS account which i cant move out after moving in one day but looking for a trip to Asia at some point. An advise on buying air miles as any time i dig around i feel that most flights are better value just purchasing clean than spending with cash+points?

I have left that firm now and will ditch the AMEX and its now £110 odd a year for membership. I would use it the odd time to make expensive purchase like furniture.

Which credit card do you use as im looking to change before september.

BA Amex might be a good shout. There’s no fee but you still collect AVIOS points.

 

[bluethrunthru]

Of course govts want to move to a cashless society. So much easier for HMRC to keep tabs on us all.

Is the correct answer. They will devote lots of pressure to get shops and tradesmen NOT to take cash for fear of increased tax evasion. Of course they could go after the bigger fish for larger sums but they would much prefer your local mechanic or plumber not to take cash as they may - just may - avoid a couple of quid tax. Sir Philip Green (he remains a Knight of the Realm) can stick whole companies in his wifes name for tax purposes with no action taken but heaven forbid if that mechanic blows thru a fuel pipe and gets a blockage out so your car runs ok and says " Just gimme £20 mate" because he could be dodging his own Tax and NI contribs on that and if he is VAT reg 20% should go to the vat man. Cash will always be used as long as it remains in circulation in my view. Suits a lot of people.

 

[dickie davies]

Nothing mate, just think people get into personal debt way too easily and I've a better idea of what data is collected than most.

Go to an ATM, withdraw cash that belongs to you and live on that, it's not that hard. Laser card is fine but makes it harder to manage spending, credit cards are a mugs game.

I wasn't being serious about being under the radar
Credit cards are brilliant when used correctly, but I understand what you mean about falling into personal debt easily
I've never used a card for a purchase I can't clear at the end of the
I also understand what you're saying about personal data, but we're being tracked on everything nowadays, credit cards, supermarket loyalty cards, phone sim cards, internet browsing