I am looking for guidance on how to go about withdrawing from investment accounts well before retirement. I know the generic advice is that you should be steadily socking away your retirement savings, not spending it, but I need access to cash at the moment. If you can direct me to resources (web articles, books, etc.) on the wisest course to follow when cashing out investments, I would love to hear about them. [more inside]
We have been together for nearly ten years and we don't need a toaster, or a washing machine, or anything else. How do we ask for cash? [more inside]
I am owner of a new retail business (coffee shop, if you see past posts) shortly to launch. We anticipate handling a fairly large amount of cash each day. It seems sensible to me that I get staff to do regular banking when I am not at the business. [more inside]
Continuing my car questions (1, 2, 3). We’re buying a gently used Forester. Two questions I need to resolve before picking up the car: should I finance any part of the purchase (can pay all cash), and should I pay to extend the bumper-to-bumper warranty to seven years? [more inside]
I work with an organisation which traditionally gives cash prizes to winners in charitable events they hold like duck races and pub quizzes. I am looking for best practice resources or studies (rather than anecdata) to show them that this is terrible development practice, if indeed it is. [more inside]
“Cash is an option too! Don’t forget that!”. Help us come up with proper cash gift language to put on our wedding registry website. [more inside]
Yes, I'm writing fiction. So let's say I want to withdraw $100,000 from a U.S. bank account, in cash. How long does it take for the bank to pull the money together for me? An hour? A day? [more inside]
I'm a young, able-bodied, well-educated guy in NYC with a reliable 9-5 office job. I'd like to use my abundance of free time (evenings and weekends) to earn some extra cash. I've thought of tutoring and babysitting (I live in Brooklyn, so there are a lot of kids around.) Any other ideas, short of donating precious bodily fluids?
We'd prefer little hassle, few fees, and a way to know who they are so we can thank them. We expect 0 to 50 people to actually gift us money this way. What are our best options? [more inside]
I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
I was living in Japan for a while, and have some cash stuck in my Japanese post office bank account (Yuucho Ginkou) - not an exorbitant amount, but enough for me to care about - that I did not withdraw when traveling home to America since I was planning to return to Japan soon anyway. My plan to return fell through, and I will be staying in America longer than planned - I would like to reclaim said money, but am unsure as to how I can do so. [more inside]
Watching Breaking Bad and wondering, where do criminals come up with gym bags full of cash? Assumptions and potentially faulty reasoning inside. [more inside]
What are the potential consequences or complications of paying off your student loans all at once, "in cash"? [more inside]
I asked earlier about how to invest my savings (twenty-five thousand). And although a lot of the answers were good, many were not realistic for someone living in Canada, as our tax laws are different. Also, I have decent retirement fund already so I don't want to put anything into that. So for now I'm just keeping it in my 3% savings account until I decide later what to do with it. [more inside]
I plan on buying a car in the next few days, for cash. My question is when do I pull out the checkbook and announce that I am not financing but want to pay by personal or cashier’s check? A few more details, of course... [more inside]
Does it make any sense to finance a car if you have the means to buy it outright with cash? [more inside]
Let's say hypothetically someone had $100,000 in cash and they wanted to convert it to some other item of equal value and store in a safe deposit box. What would the best item be? In the movies it tends to be some kind of certificate like bearer bonds, or precious metals, artwork, or jewelry. What choice is the most secure and likely to retain its value over time?
I have at least $500 worth of cash from half a dozen different Asian countries sitting in my underwear drawer for at least two years now. What's the cheapest, lowest-fee but legal way to convert them into one currency (Euro or USD)? I travel frequently to France and the United States, so changing them to Euro or USD is fine either way, but just not sure if the best way is the airport counter, a random bank, at the hotel I stay at, or something else...? I would like to have a good idea on how to go forward with this, before I go about traveling with all this random cash, only to find out I'd have to lug them back to home to my ultra top secret underwear drawer hideout since it's too expensive/all these currencies aren't accepted for exchange/not worth it. [more inside]
We have a large quantity of cash that my mother in law has stashed in an old purse over the years. Now she wants us to deposit it in the bank for her, but we don't want to run afoul of cash reporting requirements, prohibitions on structured transactions, or civil forfeiture. [more inside]
Help me invest my money in ways that might be less obvious than the normal CDs or stock market. [more inside]
How can I get something shipped from L.A. to Wisconsin when the seller won't ship it, asks for cash, and I don't have any friends there? [more inside]
I am visiting my boyfriend's family for Christmas. His parents and two of his younger brothers (still in school) will be there, and I've met each of them very briefly. They celebrate Christmas with gift exchanges, but I was thinking about giving them cash, partly because I feel I don't know them well, partly because I don't want to travel with lots of boxes, and partly because cash is a perfectly acceptable gift in my culture (for New Year's Day). I've asked my boyfriend and he seemed lukewarm, but not entirely against it. Is this an absolutely horrible idea? If it's not, what is a good amount that says I'm not stingy, but also also not trying to bribe them?
We live in a tiny Manhattan apartment and have everything we need. What do we register for? [more inside]
This past weekend I had a huge moving sale, and ended up with about $1500 in small bills ($1s, $5s, $10s, $20s). Between cleaning my apartment and packing everything up today, I forgot to go to the bank and deposit the money into my account. Tomorrow morning I fly out of JFK (Terminal 4, specifically) to move to San Francisco, and since my flight is early there's no time to go to a bank. I feel weird traveling with these huge wads of cash, especially as it's all small bills. Right now it's all stuffed into a cigar box in my carry-on. I don't think it will fit in my wallet. Will the currency exchange places give me $100s (or better yet a money order) for my cash, and will I find one before passing through security? Will TSA steal from me, or give me a hard time for carrying these wads of bills? Is there possibly a Bank of America branch in JFK? What should I do? I don't think I'm comfortable depositing this much cash through an ATM, and anyway it would take forever.
I need an iOS app to track cash spending, preferably with a quick category function. [more inside]
Is there a place online where (presumably they would have to be nice, I would guess) people would trade money for gift cards to stores at which they shop anyway? Or something similar? [more inside]
Buying a used car. How do I handle the money aspect of it? [more inside]
I need to mail approximately $1,000 worth of euros from WA to NY. We received it from our bank through FedEx, but FedEx refused to accept the shipment when I tried to send it and said that the bank must have had third party insurance. What is the best way to get the money to the opposite coast within the next couple of weeks?
I got a $400 birthday gift in the form of an Amazon e-gift card. I don't want anything from Amazon, but I could really use the $400. [more inside]
With so many customers using non-cash methods of payment and customers getting cash back via debit purchases, are grocery stores becoming cash-negative operations? [more inside]
What benefit does a Negative Operating Cycle get you? Other than just cash on hand. Amazon has a lot of cash because they practice Just In Time inventory management & sell out of their products before the bill for that product comes due. Other companies pay the bill first & then wait for the stock to sell out to recoup their money. Aside from the benefit of having cash on hand, what benefit do you get from this? [more inside]
What are some publicly available prizes or rewards for solving really obscure / awesome problems? [more inside]
I have $500 in brand new, fresh-from-the-mint, sequential $1 bills. What is the fastest way to "break them in" so they don't stick together? [more inside]
What is a fun/cute way to display a large amount of cash as a gift? [more inside]
Why do checks take so long to cash at the issuing bank? [more inside]
Is it possible to move rented accommodation in the UK, in London, while claiming Housing Benefit? [more inside]
We were recently in the market for a house, and managed to put together a decent down payment. Then we decided not to buy a house after all, although it's a possibility down the road. Now that we're out of the market, what's the best thing to do with the money until we need it (at least a year from now, possibly multiple years)? [more inside]
What should we name our non-awkward cash registry website? [more inside]
I don't really know how car buying works, help please! [more inside]
Let's say we have £25,000 sitting in a current account and no debt, other than a very low-rate mortgage. We can comfortable can add approximately £5,000 a year to this amount. Investment advice please! [more inside]
Looking for a program to help with cash flow calculations for a small business [more inside]
If you use budgeting software, do you have a good system for tracking and categorizing your cash spending? [more inside]
what is the smartest way to save cash? [more inside]
How do I track daily spending, when I mostly use cash? [more inside]
I'd like to make a budget, electronically, and track my expenditure. [more inside]
I'm trying to pay my (US) HSBC credit card from europe and the credit card company can't find a way to accept my funds. please help me find a way so I don't ruin my credit score...
I'm trying to pay my (US) HSBC credit card from europe and the credit card company can't find a way to accept my funds. please help me find a way so I don't ruin my credit score... [more inside]
The site that I'm valeting at right now has plenty of foot traffic. Almost every time I'm at work, I get asked if there's an ATM machine around. I tell them that it's a half-mile away, and they just give up. I thought it would be a great opportunity to put up an ATM machine nearby. [more inside]
I want to sell my used car that's worth about $10K. Are there other options than asking for cash? [more inside]
What are the mechanics of buying an expensive new car "with cash"? [more inside]
Can you recommend legit paid survey sites open to Canadian residents? [more inside]