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Asked about “Personal Finance: News

Cash or Debit Card?

Do people walk around with cash, or do most of them only have debit cards?

Is cash necessary to get around today? 


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4618 helpful answers

Love is the battery of life....

Hi,
Most people (in the developed countries) will carry some cash (for small expenses) but they'll use credit cards for most of their business. 
No, one doesn't need today cash to get around (in the developed countries one can get along with credit cards + small amount in cash).
Best regards,

Posted 2008-03-27T09:34:54Z
 
25 helpful answers

It depends on what works for you.  If you are prone to spending recklessly, I would go with cash only, as it sets a limit on how much you can spend.  If you don't want to see a wad of cash in your wallet, use a coupon file as a budgeting tool.  Yes, it sounds crazy, but the idea is the pockets in the file keep the money separated so you know how much you have for each bill you need to pay.

Personally, I don't use a regular bank.  I do all of my banking online with no plastic or checkbook.  It's a great way to build my savings, as I can't access the money.

Posted 2008-03-28T11:30:29Z
 
258 helpful answers

Cash is necessary.  Tips, cash based services, quick transactions, etc.

A low dollar digital purse would actually be best, but that won't happen for a bit. 

Posted 2008-04-01T13:19:29Z
JtotheA was invited by Yedda to answer this question.

 
72 helpful answers

I believe in old fashioned ways were you keep your money in your pocket and not in a virtual electronic world. I think if everything went electronically many problems will evolve . Cash is crucial like mentioned before  and when we will encounter problems with technology we always go back to the old methods.

Posted 2008-04-07T13:43:26Z
gabriwa was invited by Yedda to answer this question.

 
7 helpful answers

Smoking kills. If you're killed, you've lost a very important part of your life. - Brooke Shields

It depends. Mostly professionals or businessman carry credit cards for business and personal purposes. I do carry credit cards and and small cash.

Posted 2008-04-24T08:08:09Z
 
kv
26 helpful answers

Cash is always the best way to pay for most of your needs on a daily basis.  Having a debit card is a privledge.  You have to have money in the bank to have a debit card and an account.

Posted 2009-07-16T00:44:36Z

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