Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I don't think most people walk around with 3k in cash. But, I can think of 2 occasions that I've had that or more just this year. Also, there are reasons why I may carry over a thousand. For example, if I dont want to leave it in a hotel room.
What actual reasons? I find this so odd. Are you a boomer who cannot figure out Venmo or Zelle?
No, I just sometimes do business with people who prefer cash. They are legitimate businesses (think landscaping, hiring party bus, cleaning services, etc). I don't know if they are legitimate tax filers, but they are legitimate businesses. Also, if I'm going to an estate sale or something similar, I will bring several thousand dollars because cash is king if you have to compete with another buyer. I'm a millennial.
I pay my landscaper and housekeeper in cash as well, but I don’t go out to dinner with my passport and $3k in cash and leave it unattended. I withdraw the cash from the bank, keep it in a safe place at home, and then give it to the landscaper in person. I also pay certain people with checks - contractors, designers, etc. I keep my checkbook in a safe place and write checks one at a time and mail/deliver them. The average person these days carries less than $100 in cash. When I traveled in Japan, I did carry cash around because it’s more of a cash based society than the U.S. Sure, some people carry cash around, but most reasonable people recognize that carrying $3k in cash, a passport, and a bunch of blank checks is not common.