Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash.

Maybe I am missing something…why would say a plumber accept a cash discount vs a check. They are worried it would bounce?

People who prefer cash sometimes do so because they are going to cheat on their taxes.

And the person who offers cash knows that and wants a discount for her part in helping the tax cheat.

Anonymous wrote:

Anonymous wrote:
I keep about 2k at home and 15-20k in a safe deposit box

I'm 53

Cash is never a bad idea. I live in a state where we can lose power for a few days or even weeks. And, I don't trust Trump.

Fyi, cash in safety deposit boxes is not FDIC-insured, and banks usually advise against placing money in them.

Even in a large city, they were frequently inaccessible, too.

Anonymous wrote:

Anonymous wrote:This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash.

Maybe I am missing something…why would say a plumber accept a cash discount vs a check. They are worried it would bounce?

Anonymous wrote:
I keep about 2k at home and 15-20k in a safe deposit box

I'm 53

Cash is never a bad idea. I live in a state where we can lose power for a few days or even weeks. And, I don't trust Trump.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash.

Maybe I am missing something…why would say a plumber accept a cash discount vs a check. They are worried it would bounce?

People who prefer cash sometimes do so because they are going to cheat on their taxes.

And the person who offers cash knows that and wants a discount for her part in helping the tax cheat.

Anonymous wrote:

Anonymous wrote:I was at KPMG in August 2023 when NYC blackout happened. right in middle of a heat wave. Subway down, ATMS down, huge heatwave and no credit card machine working.

I recall the Partner had around $3,000 bucks on him. He put a few people in Cabs paid cash, he even rented a Hertz car cash as we had an account but he had to do it in cash, none of staff had much cash on him. After he got all his people gone he casually walked over to the Midtown in his suit with briefcase and there was a line of cars very slowly trying to get in tunnel. He just said anyone going to Garden City some guy in a BMW and a suit goes yea why, he goes I will give you $100 bucks to drop me off my house. guy goes sure.

My sister slept on the front steps of her office building in 90 degree heat after building tossed them out at midnight due to it got too hot in building and windows dont open. Her husband with traffic and cell phones not working did not get connected to her till 5 am and got her. But hey she does not carry cash.

I don’t understand this at all. Cabs, sure, but how could Hertz rent a car with cash? At most, you could maybe bribe an employee who agreed to give you the car and do the paperwork (which is all computer) later. But nobody did a legitimate cash, powerless transaction with Hertz in 2023.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash.

Maybe I am missing something…why would say a plumber accept a cash discount vs a check. They are worried it would bounce?

People who prefer cash sometimes do so because they are going to cheat on their taxes.

Anonymous wrote:

Anonymous wrote:This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash.

Maybe I am missing something…why would say a plumber accept a cash discount vs a check. They are worried it would bounce?

Anonymous wrote:This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash.

Anonymous wrote:This is DCUM….$100,000 minimum

Anonymous wrote:This is an interesting cultural question for me. I'm a white dude and wouldn't care less about cash. My wife, asian heritage, thinks having cash in the house is essential. We, mid-40s, have a NW > 15mm. At my wife's doing, we usually have 2-4k cash (if not more) in the house at any given time.

Whenever we have anyone over doing work on/around the house, my wife always asks if there is a cash discount. She always suggests a 10-20% discount on quoted price for immediate cash payment. I'd guess her success rate is around 50%.

It is nice that for any babysitter or the like we always have cash.