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JerrySpringer
Penny Pincher Member
201 Posts |
 Posted - 05/18/2008 : 11:13:47
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I admit it, I use my credit card for every purchase I make. I get a 1% rebate per a year and the float time of a grace period. I pay off my balance in full all the time to avoid finance charges (defeats the purpose of a rebate after all). I am planning to start using cash for all my purchases at point-of-sale counters for at least nothing else other than to get back the change.I bet I can score a better percentage of copper return than counting on that annual 1% rebate. I'll need to break my purchases up into many smaller purchases so I churn the change return. LMAO. Now I am being a little ridiculous announcing this, but you can see the idea of it. Electronic transactions yield no comfort except that you do not have to carry cash around. Luckily I am in an area where cash is not considered a plebian thing to trade with. I have met many folks who do not believe in credit cards (and the internet too, hmmmmm...) and pay for everything in cash. The nice thought is I will have a reduced credit card balance to contend with and actually have some latitude if I ever have to run the thing up in a pinch. This will help me meter my purchases to as I will have to think if I would rather put that cash into a purchase or use the money instead to buy more coins at the bank. Imagine paying for things with zinc pennies everywhere. This could get comical as well as embarrassing.
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NotABigDeal
1000+ Penny Miser Member
USA
1324 Posts |
Posted - 05/18/2008 : 11:19:11
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I do not have any credit cards. Probably should, but I don't. I pay for everything with cash. I don't even use my debit card for anything besides at the ATM. I used to use my debit card at restaurants and gas pumps only. Then my card number was stolen and used.... That put an end to my debit card usage. Cash and carry policy here.
Deal |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
Steady looking for the elusive Indian head.... |
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HoardCopperByTheTon
Administrator
USA
3165 Posts |
Posted - 05/18/2008 : 11:29:00
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And the best use of cash is when Deal and I buy gas at the gas station with a couple of bricks of zinc!  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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Know Common Cents
Penny Pincher Member
173 Posts |
Posted - 05/18/2008 : 11:57:41
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| I try to use cash as much as possible. I do charge gasoline as I get a 3% rebate on that. What's really hilarious, though, is watching people try to make change (sometimes even with the registers that display how much to give back). Had a person at Pizza Hut count and recount a stack of $1 bills 4 times as she kept getting a different number. Rather than stand there and witness a painful 5th time, I told her how many were there and she just made change (slowly). |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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HoardCopperByTheTon
Administrator
USA
3165 Posts |
Posted - 05/18/2008 : 12:02:02
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| If you really want a good laugh.. and have plenty of time.. try paying with a mixture of Ikes, Suzies, Sacs, Prezes, Halves, and quarters. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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NotABigDeal
1000+ Penny Miser Member
USA
1324 Posts |
Posted - 05/18/2008 : 12:35:01
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quote:
Originally posted by HoardCopperByTheTon
If you really want a good laugh.. and have plenty of time.. try paying with a mixture of Ikes, Suzies, Sacs, Prezes, Halves, and quarters.
That probably would get some looks. Speaking of gas for zincs, maybe it's about time to fill up with zincs again.
Deal |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
Steady looking for the elusive Indian head.... |
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HoardCopperByTheTon
Administrator
USA
3165 Posts |
Posted - 05/18/2008 : 13:51:08
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| Think they'll recognize you this time Deal? Do they have your picture posted on the wall yet? |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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NotABigDeal
1000+ Penny Miser Member
USA
1324 Posts |
Posted - 05/18/2008 : 14:46:39
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It's been a little while since I've done it. The employees at those stores tend to shuffle a lot between stores so there are a lot of changing faces. My picture is probably on the "Look Out" list next to the shoplifters and other upstanding members of society....
Deal
p.s. I'm actually waiting for the time that my card that starts the pump is declined.... |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
Steady looking for the elusive Indian head.... |
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WilliamC
Penny Collector Member
USA
470 Posts |
Posted - 05/18/2008 : 14:49:44
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No credit cards, no debts, few worries is my approach.
If I don't have the cash to pay for it, I can't afford it and do without.
I do use a debit card for online purchases and have thought to get an account solely for this. Just have to plan ahead a bit and move funds into it before hand, but otherwise keep the balance nearly zero.
In the past few years I've deliberately made it more difficult for me to buy things. Keeps me frugal. |
Sorting In Northwest Mississippi |
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Cody8404
Penny Collector Member
USA
267 Posts |
Posted - 05/18/2008 : 17:13:54
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For most purchases under $20 I use dollar coins and halves. It is really fun to watch the clerks try and figure out what I gave them. But to speed things along to tell them.
"Sir, your total is $2.45."
"OK, here is $3."
Then they stare at it a minute and hand me a small pile of coins back. Sometimes it is even right. Most of the time they can't or won't count. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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TenBears
Penny Hoarding Member
766 Posts |
Posted - 05/18/2008 : 17:33:27
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quote:
Originally posted by WilliamC
No credit cards, no debts, few worries is my approach.
If I don't have the cash to pay for it, I can't afford it and do without.
I do use a debit card for online purchases and have thought to get an account solely for this. Just have to plan ahead a bit and move funds into it before hand, but otherwise keep the balance nearly zero.
In the past few years I've deliberately made it more difficult for me to buy things. Keeps me frugal.
I believe in and follow that advice. I am a Dave Ramsey fan. Don't go into debt for anything except your house. And, I can't imagine the wonderful feeling it will be when the mortgage is paid off. I may buy a whole Brink's truckload of pennies to sort on that day, if there are any coppers still to be had. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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aloneibreak
Penny Pincher Member
USA
241 Posts |
Posted - 05/18/2008 : 22:11:13
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i have one credit card i put about $100 on every couple months just to keep my credit score up, and a debit card for one account that i rarely use. 95% of the money i spend is cash.
dave ramsey should have a show on primetime t.v. -- lots of people out there who could use his advice. |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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moboman
Penny Hoarding Member
USA
738 Posts |
Posted - 05/18/2008 : 23:52:20
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quote:
Originally posted by aloneibreak
dave ramsey should have a show on primetime t.v. -- lots of people out there who could use his advice.
he has a tv show on fox business channel. Its not as good as his radio show. |
The government is in business to put you out of business. |
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horgad
1000+ Penny Miser Member
1094 Posts |
Posted - 05/19/2008 : 07:45:52
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Credit card companies are a drain on society. They produce nothing of value and only act as middle men skimming and redistributing money that could of been used instead to produce real wealth that would benefit us all.
Society’s acceptance of credit cards as being the status quo has allowed the credit card companies to go to virtually every retailer and force them to charge the same amount for credit card versus cash purchases. This despite the fact that it costs the retailer much more in fees to do a credit card sale compared to a cash sale. These fees are priced into everything As such it does not matter if you pay with cash or pay with a credit card, you are still helping to pay the credit card companies fees...you are still feeding the beast.
There is no escape...unless you can find a store that is cash only and refuses to bow down to the credit card company overlords.
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TenBears
Penny Hoarding Member
766 Posts |
Posted - 05/19/2008 : 09:04:34
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And where might that be(a cash only retail store)?
Too many people are uneducated about money, and they apparently like being debt slaves. Money should be part of the curriculum in high school and in college. There is personal escape from CC companies, and that is not to use credit to buy anything. Pay cash. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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fb101
Penny Collector Member
USA
491 Posts |
Posted - 05/19/2008 : 09:24:53
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quote:
Originally posted by texcattlerancher
And where might that be(a cash only retail store)?
Too many people are uneducated about money, and they apparently like being debt slaves. Money should be part of the curriculum in high school and in college. There is personal escape from CC companies, and that is not to use credit to buy anything. Pay cash.
There are many of those stores in the Lancaster PA area:
Amish - No phone, no electricity, no CC.
If you're using a debit card in a grocery store, get the cash back for XX.94 - that gives you 3 quarters, a dime, a nickel and 4 pennies.
BTW: "still taunted" - wasn't "taunted" the lone ranger's sidekick?  |
A taxpayer voting for Obama is like a chicken voting for Frank Perdue |
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horgad
1000+ Penny Miser Member
1094 Posts |
Posted - 05/19/2008 : 10:12:28
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quote:
Originally posted by texcattlerancher
And where might that be(a cash only retail store)?
Too many people are uneducated about money, and they apparently like being debt slaves. Money should be part of the curriculum in high school and in college. There is personal escape from CC companies, and that is not to use credit to buy anything. Pay cash.
Pretty rare, but Aldi's is one.
"By avoiding credit cards, we avoid the extra time it takes to sign a slip and the hefty processing fee charged by credit card companies."
http://www.aldifoods.com/us/html/company/shopping_smarter_3184_ENU_HTML.htm
I would love to see a movement in this country to boycott stores that charge the same prices to cash and credit card customers. Which of course would be a boycott on about every store, but it seems like it would be the only way to push back on the over bearing policies that the CC companies force down the throats of the retailers. IMHO it should be against the law for CC companies to strong arm retailers such that the retailers can not give rewards to customers who use a preferred form of payment....
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Edited by - horgad on 05/19/2008 11:53:52 |
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HoardCopperByTheTon
Administrator
USA
3165 Posts |
Posted - 05/19/2008 : 12:03:12
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Just think of the money you would save by boycotting all those stores. You could just spend all your money at coin shops. Many coin dealers do not accept credit cards.
Cash is still accepted at many establishments.. as long as you have 7 forms of ID and a check to back it up. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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horgad
1000+ Penny Miser Member
1094 Posts |
Posted - 05/19/2008 : 12:07:34
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quote:
Originally posted by HoardCopperByTheTon
Just think of the money you would save by boycotting all those stores. You could just spend all your money at coin shops. Many coin dealers do not accept credit cards.
Cash is still accepted at many establishments.. as long as you have 7 forms of ID and a check to back it up.
I would save a ton of money on gas, but the 50 mile walk to work and back everyday would be a real pain. |
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I am gonna start paying for everything in cash
