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Posted on 8/17/20 at 5:01 pm to fallguy_1978
quote:
My paw paw died a multi millionaire and had no credit score. He had never borrowed a dollar in his life. He had to pay a deposit to turn on his cable service when he finally got it
Your paw paw was a drug dealer. Sorry.
Posted on 8/17/20 at 5:04 pm to dukeg7
I've worked a couple of overseas assignments where it either wasn't safe to use a card or there were no card readers available. I would travel in with enough cash to last me a month or more.
Posted on 8/17/20 at 5:05 pm to STrugglin
quote:
Your paw paw was a drug dealer. Sorry.
He didn't even drink. He made good money for the time and probably saved 70% of it. He lived in a house he built himself on land that he paid cash for and grew probably half of the food they ate. Just a different generation of people.
Posted on 8/17/20 at 5:12 pm to dukeg7
My Grandparents used banks but never had a credit card or debit card
They paid all their bills via check until my mom took over their checkbooks
They paid cash for their house & all vehicles
They paid all their bills via check until my mom took over their checkbooks
They paid cash for their house & all vehicles
Posted on 8/17/20 at 5:16 pm to Spankum
quote:
Lots of our grandparents and great grandparents were around during the depression when there was a run on banks and you couldn’t get your money out.
When my great grandpa died my family spent a day finding all the money they had hid. Tons of cash from the 20s up through the 80s. He was a farmer and mailman so we think my great grandma just took the cash and put it in the walls/beds/attics/etc. until she died in the mid 80s. My grandparents paid cash for their custom built house in the early 50s. They only had one credit card in the 90s and rarely used it (paid the statement in full when they did.) My parents were the first to use cards & checks. I'm the first to use debit/online bill pay extensively. I suspect my kids will be the first to use mainly online banking and contactless phone pay.
Posted on 8/17/20 at 5:20 pm to dukeg7
One of my 37-year old buddies has never purchased anything on the internet in his life.
Yes, that includes a pizza, Uber, clothes, pay bills.
Nothing.
Yes, that includes a pizza, Uber, clothes, pay bills.
Nothing.
Posted on 8/17/20 at 5:23 pm to ellishughtiger
quote:
A lot of older people who grew up during the depression didn’t trust banks and would stockpile cash.
I get it, but in the end, they were worse off for it.
Posted on 8/17/20 at 5:33 pm to slackster
A lot of Europeans used to be cash only when they worked in the US. Their attitude was "Credit card, must be poor not to be able to pay cash"
Posted on 8/17/20 at 5:37 pm to dukeg7
I’m not 100% cash but I’m close. I collect old coins and purposely pay in cash to get coins back. Also, I put all pocket change into a protein container and I use that for extra spending money when we do a vacation. It adds up if you work 7 days a week like I do and are constantly buying breakfast
Posted on 8/17/20 at 5:40 pm to dukeg7
I have enough chase ultimate reward points to stay at a Hyatt for 2 months... stupid not to if you pay in full.... 200k delta and American airline miles
Posted on 8/17/20 at 5:42 pm to DaBeerz
quote:
I have enough chase ultimate reward points to stay at a Hyatt for 2 months... stupid not to if you pay in full.... 200k delta and American airline miles
Ditto, if not exact. But the credit card companies aren't making their money off of us. They're making their money off the baws with the brand new F150, bass boat, McMansion, and travel ball...all on credit.
Posted on 8/17/20 at 5:42 pm to Ragin Tiger 91
quote:81 year old Mom (almost 82) just in the last 6 months has converted to online bill pay. Still no direct debit on the stuff (don't blame her, I only did it due to travel). She still has trouble with it though, passwords and proper website for whichever bill.
My uncle always used cash and paid all bills by a check in the mail, up until his death in 2017.
(her gas bill is kinda messed up since she paid the electric amount and then reversed charges and this just so happened to be while bill was being tabulated on the gas so it still reads as paid ahead but also shows the pmt reversal
Posted on 8/17/20 at 5:43 pm to fallguy_1978
quote:
He didn't even drink. He made good money for the time and probably saved 70% of it. He lived in a house he built himself on land that he paid cash for and grew probably half of the food they ate.
Everyone has a front
Posted on 8/17/20 at 5:46 pm to OchoDedos
Stringbean Akeman of "Hee Haw" fame:
quote:
Akeman was modest and unassuming, and he enjoyed hunting and fishing. Accustomed to the hard times of the Great Depression, Akeman and his wife Estell lived frugally in a small cabin at 2308 Baker Road, near Ridgetop, Tennessee. Their only indulgences were a Cadillac and a color TV. Depression-era bank failures caused Akeman not to trust banks with his money.[4] Gossip around Nashville was that Akeman kept large amounts of cash on hand, though he was by no means wealthy by entertainment industry standards.
On Saturday night, November 10, 1973, Akeman and his wife returned home after he performed at the Grand Ole Opry. Both were shot dead shortly after their arrival. The killers had waited for hours. Their corpses were discovered the following morning by their neighbor, Grandpa Jones.[4]
Posted on 8/17/20 at 6:43 pm to Tchefuncte Tiger
I was just about to post the Stringbean story.
A show I watched said the killers didn't get the money, but years later rat-destroyed cash was found in a wall of the house.
I don't like for my parents to use cash for big items. If you pay contractors and buy tractors with a stack of cash, word gets out among the trash that the old man has cash.
A show I watched said the killers didn't get the money, but years later rat-destroyed cash was found in a wall of the house.
I don't like for my parents to use cash for big items. If you pay contractors and buy tractors with a stack of cash, word gets out among the trash that the old man has cash.
Posted on 8/17/20 at 6:48 pm to dukeg7
My cousin does, but he has shitty credit and doubt he can even get a checking account. I guess that doesn’t count though.
Posted on 8/17/20 at 6:51 pm to dukeg7
i work with a guy like this.. he gets totally pissed when there is a delay in getting his paper printed paycheck as well as when the stimulus checks were given. i'm like dude, its fricking 2020
Posted on 8/17/20 at 6:53 pm to dukeg7
I know a guy who doesn’t invest a dime. Bank gets some of it in savings and the rest is in safes here and there. He always has $10K in his pocket to buy shite on the spot.
He is close to 8 digits. He’s old but he did it his way buying and selling shite on a cash basis.
He is close to 8 digits. He’s old but he did it his way buying and selling shite on a cash basis.
Posted on 8/17/20 at 7:25 pm to BRgetthenet
quote:
Why didn’t he trust the bank?
Banks go under
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