How much cash do you have on you?
November 7, 2004 6:37 PM   Subscribe

How much money do you typically carry with you at any one time?
posted by Jaybo to Grab Bag (55 answers total)
 
Less than $20. That's what I get from the ATM.
posted by dragstroke at 6:42 PM on November 7, 2004


Between €0 and €100. Why, were you planning to mug me?
posted by fvw at 6:49 PM on November 7, 2004


Fifty bucks. If I spend more than that in one night, I hope soemoen else drove.
posted by notsnot at 6:49 PM on November 7, 2004


Response by poster: With coins, I'm a bit anal about having a dime, two quarters, a loonie ($1 coin in Canada) and a toonie ($2 coin) in my wallet to start every day. I'm not sure how I came up with this combo but it seems to fit most circumstances - small tips, vending machines, parking metres, etc. All other coins accumulated from purchases throughout the day go into jars when I get home.

As for bills, I usually pull $100 everytime I visit the ATM (which I try to budget as roughly once per week.) I justify this amount by saying I pay less service charges by pulling a bigger amount though I know this means I'm more inclined to spend it more quickly too.

The money always comes as five $20 bills but I like to try and keep a couple $5 bills if possible at all times because they're handy for small purchases, tips, etc. Carrying $100 never bothers me in terms of security worries - if I get robbed, I get robbed is my outlook and if somebody needs to rob me, it's maybe better for my safety that they might get a larger amount.

Oh yeah, I meant to put RobberyFilter: in my initial question. Damn!
posted by Jaybo at 6:51 PM on November 7, 2004


I withdraw $40 from the ATM about once a month. I don't get more until I've spent it all, so there are times when I only have a few bucks on me for a week at a time.
posted by Coffeemate at 6:52 PM on November 7, 2004


I don't like to carry less than about $200 on a daily basis, and I'm uncomfortable carrying more than $500 unless I'm in Vegas. I tend to perform as many transactions as possible in cash, so it behooves me to have a fair lump of cash on hand.

I'm not fond of $20 bills, new or old (though I'd rather an old one than a big head, and rather a big head than a peachback). I prefer to carry Grants and Franklins except for a handful of smalls, although if I could cash my paycheck for all $2 bills, I'd do it in a heartbeat. I tend to ignore singles for a long time and every few months I wind up with a huge wad of them, thirty or forty bucks worth, which I'll keep in a pocket knot and use for spending money.

The convenience of ATMs, of course, means that I'm frequently lugging around a sheaf of $20s despite my distaste for the denomination.
posted by majick at 6:59 PM on November 7, 2004


$300. I really like pulling out a wad of bills in front of the barista at Starbucks.
posted by plexi at 7:01 PM on November 7, 2004


$50, £50, or €50, depending on which country I'm in.
posted by grouse at 7:02 PM on November 7, 2004


I get $200 out of the ATM at the time because it's nowhere near where I live. I carry this around in my wallet for a few weeks until it's all gone. All coins in my pockets at the end of the day go in the "vacation" jar on the nightstand and I'll usually keep a few loose dollar bills in my pocket and some spare change in the car for parking. I do the same thing as Coffeemate, I won't get more money until I've spent all of it.
posted by jessamyn at 7:02 PM on November 7, 2004


From 0 to 20 bucks at any given time. It makes me nervous to carry more than that on my person.
posted by headspace at 7:06 PM on November 7, 2004


Never more than $20.
posted by thomas j wise at 7:07 PM on November 7, 2004


Always at least $20. You never know.
posted by amberglow at 7:11 PM on November 7, 2004


In my country ATMs are ubiquitous and electronic payments through debit cards are the norm in retail outlets. I rarely carry more than $20 cash, relying on debit and credit cards for payment. (My strategy is to have a low limit on my credit card that I know I can pay off each month. I put all the spending I can on my credit card, because there are no transaction fees for it, and pay it off before I accrue any interest. My bank hate me...)

When travelling abroad I carry enough for the day's food and transport.

Since I lose my wallet with alarming frequency, it's not smart for me to have a lot of cash in it...
posted by i_am_joe's_spleen at 7:22 PM on November 7, 2004


Twice a month I have 500 bucks in my pocket.
posted by eastlakestandard at 7:23 PM on November 7, 2004


$10 to $100, average $40
posted by donth at 7:23 PM on November 7, 2004


About 5-20 dollars, not counting the 50 in my glove compartment, and the 20 folded behind my license in my wallet, both intended to be forgotten about until and unless I need it.
posted by John Kenneth Fisher at 7:24 PM on November 7, 2004


I rarely have more than six or seven dollars cash, but I always have a checkbook and a couple credit cards.
posted by mr_crash_davis at 7:55 PM on November 7, 2004


I hardly ever have cash. My debit card has no transaction fee and I use it everywhere. If I have cash, I pulled it from the ATM to go buy something from somewhere that does not take credit cards.
posted by rglasmann at 8:02 PM on November 7, 2004


Regardless of the amount I have in the main money section of my wallet, I always try and have $20 emergency money in the US, and Rs. 50 emergency money in India.
posted by riffola at 8:05 PM on November 7, 2004


$60, divided into $40 in the billfold and $20 tucked behind my Sierra Club ID. The extra $20 is not so much "hold out" money as a reminder that, when I break it, it's time to visit the ATM again.
posted by SPrintF at 8:09 PM on November 7, 2004


Nowadays, $20-$60 - when I was driving a cross-country raos tour (always the potential need for a lot of cash), it was from $250 to $600. When I came off the tour, it was hard to break the habit of taking $200 out of the ATM every time.
posted by kokogiak at 8:11 PM on November 7, 2004


I withdraw either $40 or $60 from the ATM, and replenish when I'm in the low single digits in my wallet.
posted by gyc at 8:18 PM on November 7, 2004


$0-20. I'm too broke to afford more than that in spending money.
posted by MrAnonymous at 8:28 PM on November 7, 2004


I don't spend more than $20 or so in cash in a single transaction. More than that goes on the cashback credit card. So I don't feel the need to carry any kind of minimum amount of money. If I just went to the ATM, I might have $200, and if it's been a couple of weeks, I might have $20.
posted by smackfu at 8:35 PM on November 7, 2004


eastlakestandard: Which days?
posted by fvw at 8:38 PM on November 7, 2004


none. debit card baby
posted by angry modem at 8:47 PM on November 7, 2004


It's a function of my income. As a late-in-life college student, I rarely carry more than $20, usually closer to $10. When I was contributing member of society, it was $40-$100.
posted by waldo at 9:09 PM on November 7, 2004


I try to have about $30.

Check cards are a beautiful thing.
posted by esch at 9:28 PM on November 7, 2004


Debit/EFT.
posted by rushmc at 9:35 PM on November 7, 2004


I make a conscious effort to have no money with me at any time.
posted by mwhybark at 10:13 PM on November 7, 2004


I like to have 1000-3000 SEK on me (roughly $140-$430 US), as international card transactions (I live in Sweden, but still have a British bank account) can occasionally fail. I usually have some DKK in my wallet too (currently 350, roughly $60 US) that I didn't spend in my last trip to Denmark.
posted by misteraitch at 2:12 AM on November 8, 2004


I put almost everything I purchase on my credit card, and then pay it off at the end of the month for reasons of convenience and reward miles. There are a few things that go on debit (movie tickets, purchases at Costco). Things under $10, and at places that don't take cards do tend to eat up cash though. I take about CAD160 out of the bank in a single shot. Then, when I break the last $20, I go take another $160 out. The time between withdrawals ranges from a week to a month, depending on the sorts of things I'm spending money on at the time.
posted by jacquilynne at 9:43 AM on November 8, 2004


30$-60$

I consider any cash money in my wallet already spent, so I try not to keep a lot on hand. The 60$ spikes are for weekend bar time.
posted by robocop is bleeding at 9:54 AM on November 8, 2004


It seems that most of the time these days, I'm not carrying cash.

My bank (citizensbank.ca) has no-fee debit and VISA cards; and in Canada there are debit terminals almost everywhere. And with my cards donating 10c to charity every time I use them, I'm quite happy to use them.

If I do carry cash, it tends to be about $50 at a time, though it always seems to drop to $5 within a couple days...
posted by five fresh fish at 10:04 AM on November 8, 2004


$200 in 20s, from occasional ATM withdrawals, usually for small purchases, coffee/sandwich shops, etc. This lasts quite a while. Debit card for most other things. When I had less $$$ in a previous existence, I'd have about $60-$100, and paid for most things in cash, so I could track my outgoings.
posted by carter at 10:34 AM on November 8, 2004


£20 from an ATM untill it's gone, then repeat.
posted by Orange Goblin at 11:06 AM on November 8, 2004


I try to make sure I have a $20 on me when I leave the house, plus whatever smaller bills are left over from before.
posted by majcher at 11:15 AM on November 8, 2004


$100 from the ATM, never more, never less. That has to last me at least a week. I go out with $20 every day, never more, never less. Whatever's left at the end of the day goes in the cache. Take $20 from the cache the following day. Repeat until cache is $0.

Groceries and gasoline go on the debit card. I keep telling myself to get bonus points by putting them on a credit card and paying the whole thing off every month but never actually do it.

I put every single business expense on a credit card dedicated to that purpose. I never pay cash because I lose receipts.
posted by TimeFactor at 11:32 AM on November 8, 2004


$40-$200. Much more than that and I like to pack heat, which is illegal where I currently live.
posted by ikkyu2 at 11:32 AM on November 8, 2004


I take out $100 on the first and fifteenth of every month (this corresponds to pay days). This money is for groceries and incidentals.
posted by orange swan at 11:39 AM on November 8, 2004


$20 - $40, usually spent on eating out. Anything else is paid for by debit card.
posted by deborah at 12:09 PM on November 8, 2004


$0 paper, sometimes about 2 - 5 dollars in coins.

Everywhere takes debit here. Even mini-marts.
posted by shepd at 12:19 PM on November 8, 2004


I usually keep $40. I buy almost everything using my debit card, but I split lunch with a co-worker, and it's easier to do that with cash, so I use the the $40 for lunches. It usually pays for about 4/5 of a week's lunches... I'm not sure why I don't just take out $60 and cover the whole week, but it's probably because it bothers me to have that much in my wallet all the time.
posted by vorfeed at 12:29 PM on November 8, 2004


It usually pays for about 4/5 of a week's lunches... I'm not sure why I don't just take out $60 and cover the whole week

Surely that would be $50, no?
posted by kindall at 12:49 PM on November 8, 2004


I use my debit card virtually everywhere, so rarely do I have any cash - maybe $5. Unless I am specifically going somewhere that does not take cards (e.g. parking at concerts, a few tiny family-owned restaurants, the State Fair, street markets, tag sales, procuring marijuana, pay-to-park garages, or purchases I don not want to be traceable.)
There are other times I carry cash - mostly when travelling:

- in some foreign countries, credit cards are not always widely accepted, especially for smaller purchases. This is becoming more rare though.
- in the U.S., it's still useful to have some cash when travelling to tip bellboys, buy stuff on the street, occasionally tossing a bit to pan-handlers when they have a good story or are busking or whatever
-anywhere you're taking mass-transit
-for taxi cabs in some cities
- having a respectable amount of local currency on your person can be helpful when dealing with local foreign officials in some situations ("la mordita" or "how much is the fine?")

I've also noticed that in the U.K., especially outside London, many places and even small hotels will offer you a discount of 5% (or often will not try and mark your bill up 5%) when you pay cash instead of using a card. Some places advertise that they accept cards, but become irritated when you don't have the cash to pay with, instead. I think this is technically in violation of their merchant card agreements, but they still do it.

Another thing I thought was strange: I recently had to pay a traffic ticket for an expired inspection sticker in Highland Park, Texas ($165.00 - bastards!) So fine - they accept a check if you mail it in. I went down to the court to pay in person, since it was the due date and I live down the street. But, they only accept cash or money orders if you pay in person, even though they will take a check mailed to the same exact office. Weird.
posted by sixdifferentways at 1:19 PM on November 8, 2004


Surely that would be $50, no?

kindall: I think vorfeed's statement stems from the fact that most ATMs here in the U.S. will only dispense cash in $20 increments - so it's $40 or up to $60. Personally, I find it much easier to spend cash than if I am mentally subtracting a debit - so that is one good reason to not want to walk around with more than is necessary. I bet vorfeed would spend that $60 about as easily as $40 - and the extra bit can really add up!
posted by sixdifferentways at 1:24 PM on November 8, 2004


I think this is technically in violation of their merchant card agreements, but they still do it.

Cash discounts, I doubt would be regulated like that.

Credit card surcharges are generally in violation, yes.

As far as the managers' attitude and/or feelings towards either, it'd be interesting to see a contract that regulated someone's emotions. :-D

But, they only accept cash or money orders if you pay in person, even though they will take a check mailed to the same exact office.

Ask for an envelope, write the address on it, put your cheque in, and hand it to the teller, "Here's your mail. Thanks!" Preferrably do this all while the teller watches. If they won't give you an envelope, you could always fold up the tickets into one...
posted by shepd at 2:23 PM on November 8, 2004


I'm not fond of $20 bills, new or old (though I'd rather an old one than a big head, and rather a big head than a peachback). I prefer to carry Grants and Franklins except for a handful of smalls, although if I could cash my paycheck for all $2 bills, I'd do it in a heartbeat. I tend to ignore singles for a long time and every few months I wind up with a huge wad of them, thirty or forty bucks worth, which I'll keep in a pocket knot and use for spending money.

Someone want to translate this for non americans? What differentiates a franklin, grant, big head and peach back? I'm assuming a single is a $1 bill (how quaint :) ) but what denomination is a pocket knot?
posted by Mitheral at 2:30 PM on November 8, 2004


shepd: I considered it, but they only accepted the check if it was officially delivered by mail. This means I would have had to still go to the mini-mart where I withdrew cash track down something even more archaic to me than cash - a stamp. Then buy the stamp, then drive to the post office - since that is the only place where one could guarantee a postmark by mid-afternoon. Then, trust the USPS to actually deliver it instead of losing it, having the police issue a warrant, and then coming to take me to jail the next day. (Which is exactly what this particular town does if your ticket goes to warrant.) So in the end, it was easier to just get the cash out and pay them.
posted by sixdifferentways at 2:32 PM on November 8, 2004


Not more than $60 unless I am taking cash to someone at that moment. It means I go to the ATM more than I would like (because fees suck), but the more cash I have, the faster I will spend it, and I think that increased velocity would outweigh the fees. For some reason, I'm more likely to really think about a purchase when I have to pull out the debit card.
posted by dame at 3:08 PM on November 8, 2004


Someone want to translate this for non americans? What differentiates a franklin, grant, big head and peach back? I'm assuming a single is a $1 bill (how quaint :) ) but what denomination is a pocket knot?

Franklin=$100 bill (portrait of Benjamin Franklin, also often called "Benjamins".)

Grant=$50 bill (portrait of Ulysses S. Grant)

Big head: the first major current $20 bill redesign - to stay ahead of counterfeiters the government will continue to introduce new currency designs every seven to 10 years - The last redesign was in 1996 starting with $100 bills with the "big head" design that is now used on all currency but the $1 bill and $20 bill, because

Peach back=the new $20 bills just introduced this year, more colourful than previous currency. The background has green, peach and blue, something new in U.S. currency. Along with colour, the redesign includes a blue eagle in the background on the left of President Andrew Jackson's portrait and a metallic green eagle and shield to the right.

And yes, single=$1 bill, which are to be phased out in favour of the gold-tone Sacajawea coins.

I think "pocket knot" may just mean "spending money" - never heard that one before.
posted by sixdifferentways at 3:17 PM on November 8, 2004


Maybe "pocket knot" refers to a wad o'bills, folded in half and clipped? I know people who carry a lot of cash sometimes do that.

I hardly ever carry cash, only keep $100 - 150 spending money in the checking account, to last me at least two weeks, more often most of a month. I'm big on saving, not so big on having stuff. But where I live is where many area banks have their HQs... we joke that there's an ATM on every street corner. Damn near true, too.
posted by e^2 at 4:24 PM on November 8, 2004


Interesting question. I also perfer to transact only in cash, so I carry between $75 and $200 on average. I have a couple bank cards, but I never use them if I can help it.
posted by elwoodwiles at 4:42 PM on November 8, 2004


I think vorfeed's statement stems from the fact that most ATMs here in the U.S. will only dispense cash in $20 increments - so it's $40 or up to $60.

Guh? I almost always get $50 out. Two twenties and a ten. Comes flying right out of the machine when I push the button that says $50 next to it.

Of course, I could just not be remembering that other banks I have used don't do that. I've used Bank of America for three years now, so I guess that means my memory is, um, about three years long.

I do remember being fairly freaked when I encountered an ATM in Lansing, Michigan (this would have been in the early 1990s) that dispensed $5 bills.
posted by kindall at 2:39 PM on November 12, 2004


"Guh? I almost always get $50 out. Two twenties and a ten."

Back when I lived there, ATMs in Oregon would dispense denominations down to $5, but I was always weirded out by that and I don't know if it's still common. There used to be a small bank here in the bay area that had machines dispensing any denomination from $1 to $20, but its now long gone (and I wasn't willing to pay an interbank ATM fee to use it in any case).

Apart from Vegas, where ATMs will dispense hundreds, I haven't seen a machine willing to spit out anything other than $20 increments in a long, long time. Your local ATM is a rare curiosity.
posted by majick at 8:23 PM on November 15, 2004


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