It ain’t nothin’ but trash

Remember when cash was king? Now it ain’t jack:

More than three-quarters of respondents to a recent U.S. Bank survey said they never carry more than $50 in currency with them. Nearly one-quarter said they keep $10 or less.

And, when given a choice between paying someone with cash or a peer-to-peer (P2P) payment app, 47% said they would choose the digital option, as opposed to the 45% who said they’d rather use cash.

You’d think this might be dependent on how much cash they have on hand. Last actual art I bought at the downtown Festival of the Arts was $125; I seldom if ever have $125 in my pocket. Often the determining factor is the nearest ATM from Humongous Bank and Trust Company (Member FDIC), which has an option labeled “Fast Cash $60.”

(Via Fark. Title swiped from Charles Calhoun, aka Jesse Stone.)


  1. McG »

    7 September 2017 · 9:28 pm

    Gas stations still want cash. Unfortunately so do thieves, so I can’t carry enough to pay the lower price for a full tank of gas and still have enough for anything else I might need to buy.

    I do sometimes give Mrs. McG cash if she’s in need and doesn’t have time for an ATM run, but I’ve gotten very comfortable with electronic transfers otherwise.

  2. Bill Hunsicker »

    8 September 2017 · 5:17 am

    Carrying much more than $100.00 is a liability if you happen to be pulled over by the cops. At the very least it will probably be confiscated.

  3. fillyjonk »

    8 September 2017 · 6:24 am

    The “thieves want cash” thing is a big deterrent for me. Though I suppose some thieves also want credit cards – but then again, clever ones can get that without ever risking exposure to a human being who might use force to defend themselves. (In other news: Equifax “may” have had a security breach….)

    I usually carry somewhere on the order of $40, enough for an emergency gas fill-up or a meal at a restaurant that doesn’t take credit cards. I might raise that a bit if I’m planning to go shopping at an antiques place or other small business (where the credit card fees might make a difference to them for small purchases)

  4. CGHill »

    8 September 2017 · 8:05 am

    I typically reload at $20, which with $60 from the machine leaves me no more than $80.

  5. Holly H »

    8 September 2017 · 12:00 pm

    Don’t you get charged by ATM machines? I prefer to select the ‘cash back’ option on my Discover, available everywhere.

  6. Jean »

    8 September 2017 · 12:52 pm

    Using ATMs can be dangerous, too.
    I do cash back at the grocery store.

  7. McG »

    8 September 2017 · 1:14 pm

    My bank offers certain depositors fee-free ATM use, and even covers fees charged by other banks or ATM owners. We wouldn’t have qualified two years ago and change.

    Before that I’d hunt down a my-bank ATM. I save a lot of gas now.

  8. CGHill »

    8 September 2017 · 5:36 pm

    I pay no ATM fees or other service charges. (There is a dollar-amount threshold for this kind of treatment, which at the moment I exceed comfortably, mostly because it is figured on all business one does with this bank.)

  9. ETat »

    9 September 2017 · 7:46 am

    I stop to think where exactly I used cash last month.
    Two places:
    -local grocery store (on my way home I buy fruits and veggies, rarely for more than $10, and they have $10min on credit cards)
    -hairdresser; for some reason nobody pays with cr.card there.

  10. CGHill »

    10 September 2017 · 6:21 pm

    Our two vending machines in the break room have been retrofitted with card readers. One of them is still trying to acquire an IP address.

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