I was having a conversation with a friend recently about returning change to a customer for a cash purchase, and we got curious about the methods, and their rationale, for handling a mix of bills and coins. Help me understand this territory! [more inside]
Because Reasons, I suddenly will be receiving $450K from a family inheritence. I'm in California. I have, like, a normal-sized bank account like normal people who don't usually receive $450K suddenly. I am going to have to find a financial planner who can advise me how to deal with this money long-term, but where am I going to put it, like, next week when they want to give this to me? [more inside]
I need a decent amount of cash, but I don't live near my bank. [more inside]
I have a few hundred dollars worth of 2 cent USPS stamps, how can I convert them into money? The are about 5 years old, in the original packages, shrink-wrapped as new.
Needing some cash for a $1k car repair; use gold coins or I-bonds? More inside. [more inside]
My sister had a baby. My brother and I are giving her a larger-than-normal for our family chunk of cash for her birthday. Please help me write a card that doesn't make me sound superior, or her obligated. [more inside]
I had some stock in a (private) company that is being purchased by another (public) company, and now they're asking me whether I want cash or stock. What's the right answer? [more inside]
I am interested in a vehicle that is being sold by a private seller that is 3 1/2 hours away and in a different state. The asking price is $7500, which is a lot of cash to be carrying, especially after all those stories in the news about the cops being tipped off by the bank and just taking your money. [more inside]
I'd like to find out what some of the most worthless currency is in the world and then get my hands on a lot of it. Not counterfeits. The real stuff. Like where 100 dollars US is literally tens of thousands of a dollars worth of Brupals from Unobtainiastan in whatever form is most conducive to getting a briefcase's worth of seemingly high denomination bills. So A) what currency should I be trying to get? and B) Where would I get them?
A relative wants to give a cash gift to my 12-year-old child, but wants to put it in some kind of account where it can grow for many years before the child receives it. Where? How? It's under $1000 and we're in the U.S. [more inside]
Hello all. I am a low-income mid-30s Canadian living alone, no dependents. Advice from bank staff and popular internet blogs confuse me and don't make sense in my world (e.g. ensure an 8-10% return - but how do I do that without jeopardizing my future if I retire in a decade the investment does poorly). I feel some investments I made were silly but am not sure if I am paranoid. Please suggest good directions to explore. I will give specifics about my situation below, with my specific question in the last paragraph. [more inside]
I'm taking a trip to Japan next month. Should I go cash only? If so, what are logistics of this? [more inside]
I have a close friend (in Mexico) who bought a second-hand guitar from me. We are trying to figure out a good way for her to make payments to me (in the US). Paypal seems convenient. Western Union does this sort of thing, I think. Has anyone done the research to let us know how to do this with the least transaction fees/overhead? Maybe bank-to-bank transfer or something? [more inside]
So how else can I use cash as an American travelling to Malaysia? [more inside]
My parents just inherited my grandmother's house, a burden they are not happy with. At first they were worried they would have to keep the house for the time being and hire a realtor to get it sold - they are not in a place to take on the cost of a second house, even if it is just temporary. Now suddenly out of the blue, a relative of my grandmother calls and offers the services of her step-son, someone who pays cash for houses and fixes them up. I'm a little suspicious and want to check that this isn't a scam. [more inside]
I'm curious how those with a large amount of money at their disposal could go into a dealership and say "I'll take that one...now." [more inside]
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]