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Questions tagged [cash]

For questions relating to paying in cash, cash deposits, accepting cash, cash on financial statements, etc.

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38 votes
13 answers
38k views

Is there a good rule of thumb for how much I should have set aside as emergency cash?

I'm buying my very first home, and should be receiving the $8,000 first-time home buyers tax credit. A majority of my savings are going to the down-payment of the house, but we still have a pretty ...
Jeffrey's user avatar
  • 1,636
97 votes
9 answers
21k views

Do people tend to spend less when using cash than credit cards?

I know this is a popular theory on this site and finance blogs/media in general, but I'd like to know if there is any reliable research on the subject. I can share personal experience that makes me ...
D Stanley's user avatar
  • 137k
19 votes
3 answers
46k views

Would depositing large cash amounts cause problems?

I saw an article recently where a man withdrew $600,000 USD in cash from his bank. I'm sure many folks here would advise against this move for obvious (and perhaps not-so-obvious) reasons. My ...
Fixee's user avatar
  • 4,524
15 votes
2 answers
5k views

So the vending machine tore my $5 in pieces. What now?

The vending machine swallowed half of my $5 bill, and the other half remained in my hand. Can I get my $5 back, or is it all lost forever?
littleadv's user avatar
  • 177k
9 votes
3 answers
2k views

Long-term cash-equivalent ETFs for "cash" allocation in a portfolio?

My retirement account goal analyzer advises that I keep 3% in cash. My retirement date is over 30 years from now, so I can tolerate heavy volatility and certainly don't need liquidity. Does it make ...
Mike's user avatar
  • 926
4 votes
2 answers
986 views

found a 1994 uncashed profit sharing retirement plan check

I found an old un-cashed check dated 1994 for $487 from my Xerox Retirement plan with no expiration date. Can I still cash it?
Barbara's user avatar
  • 41
68 votes
8 answers
133k views

What is the best way to accept payment when selling a used car?

I plan on selling a used car via Craigslist, and I hope to get between $4-5K for it. I don't want to take a check from a stranger, but I'm concerned that no one will be willing to show up at my house ...
Matt Solnit's user avatar
57 votes
5 answers
107k views

What happens if one brings more than 10,000 USD with them into the US?

Suppose one has $1,000,000 in a suitcase and they are flying to the US. Suppose they check the box in their customs form that says they're bringing more than $10,000 with them. They show the form to ...
mathemagician's user avatar
15 votes
7 answers
5k views

Is there any reason not to immediately use cash back balance to pay credit card?

If one of my credit cards accrues cash back that is redeemable towards statement balances, is there any reason not to immediately use this cash back each time I go to pay the card? Is there a benefit ...
Runeaway3's user avatar
  • 2,898
15 votes
7 answers
54k views

Why I cannot find a "Pure Cash" option in 401k investments?

I am of an opinion that I should decide where my money should get invested and if it should get invested at all or not. When I looked at the investment options I have with my 401k money, I figured ...
Saurabh Patil's user avatar
12 votes
6 answers
4k views

For a major expensive home renovation (e.g. addition, finished basement, or new kitchen) should one pay cash or finance with a loan? Would such a loan be "good" debt?

This other question is similar, but was referring to a specific renovation/repair (new flooring) that, while expensive ($1500), isn't very expensive – it's feasible to consider saving up for ...
Chris W. Rea's user avatar
  • 31.7k
7 votes
4 answers
145k views

Can I cash in a ripped bill?

For example say I have a $100 bill. If I rip it up into 2 halves, and try to cash in each half at a different bank location, could I gain $100?
personjerry's user avatar
6 votes
3 answers
3k views

Can someone earn money from Credit Card Cash Back by buying and selling back and forth?

If I understand cash back programs correctly, the Credit Card companies give you back a percentage of the money you spent on a purchase. 1% would give you back $1 on a $100 purchase. If this is the ...
user avatar
51 votes
6 answers
38k views

Why do sellers care about down payments?

I'm going through the process of buying a home now. Whenever I make an offer, the seller wants to know how much of that will be down payment. Why do they care? Isn't the combination of the down ...
David says Reinstate Monica's user avatar
28 votes
5 answers
13k views

If I plan to buy a car in cash, should I let the dealer know?

Is it desirable for them if I paid in full? Should I let them know or should I keep it to myself? Will I get lower prices if I was willing to pay in full?
Zaenille's user avatar
  • 4,334
12 votes
3 answers
3k views

Questions from dealer when paying cash for a car

My wife and I recently bought a new Chevy from a dealer here in California. We didn't use a loan, paid using a personal check. Even though we told them we weren't financing the deal, they insisted on ...
user avatar
9 votes
5 answers
13k views

New car price was negotiated as a "cash deal". Will the price change if I finance instead?

I am planning to buy a new car. I went to a dealership and when talking to a sales person I said I can pay cash. He knocked down the price quite a bit. Since the dealership did not have any low APR ...
Asdfg's user avatar
  • 763
9 votes
5 answers
2k views

Mortgage vs. Cash for U.S. home buy now

I was sure this question must have been asked and answered here long ago, but I've looked and can't find quite this question, in its most direct/blunt form, which is: If you can do it, when is it ...
Chelonian's user avatar
  • 2,197
9 votes
5 answers
2k views

Home Renovations are expensive.. Should I only pay cash for them?

Should I save up enough cash to do home renovations, or can I take out a loan? Our house needs a new kitchen floor as the linoleum is actually ripped in some areas, and the wood is exposed... This is ...
montyloree's user avatar
7 votes
4 answers
1k views

What forms of payment am I compelled to accept?

In relation to this question about maximum amounts a check can be written for If I sell something like a car or other expensive item on Craig's List or in the local paper classifieds, am I compelled ...
MrChrister's user avatar
  • 25.3k
6 votes
2 answers
21k views

What kind of credit card transactions generally count as a cash advance?

I understand that if I use my credit card to get cash from an ATM, that counts as a 'cash advance'. Are there any other credit cards transactions that don't involve taking cash from ATM that count as ...
Victor123's user avatar
  • 16k
4 votes
1 answer
42k views

For a large cash deposit, do you have to answer where it came from? [duplicate]

To start off, I should say I am not trying to do anything illegal - quite the opposite. I am in the US and I have a decently large amount of cash - above the $10,000 reporting threshhold (...
user51652's user avatar
3 votes
1 answer
277 views

UK Cash Gift Amount

My grandparents are gifting me £7000 towards the cost of buying my first home. Depending on the price of the house I buy, this will probably go towards the deposit, fees associated with buying a house ...
Jsk's user avatar
  • 1,668
2 votes
6 answers
4k views

What are examples of honest reasons for carrying and using large quantities of cash? [closed]

This question: How Can I Make Consistent Large Cash Withdrawals From U.S. Banks? recently appeared on the HNQ list. The question concerns the logistics of withdrawing large amounts of cash from their ...
Eric's user avatar
  • 153
1 vote
3 answers
917 views

Will I be asked to allow a credit check or requried to give my SSN if I pay cash for a used car?

This [older] post (link) makes it sound like it's likely I'd be expected to complete a credit application, give out my SSN, etc., if I walked into my local dealership and said I wanted to pay cash for ...
nuggethead's user avatar
  • 2,081
0 votes
3 answers
318 views

What are the pros and cons of buying in cash and remortgaging vs taking a mortgage right from the start?

I was wondering what are the best options. Of course if depends so I would like to know what are the pros and cons of each solution. One obvious that came to mind - buying in cash allows to act at a ...
Mars Robertson's user avatar
0 votes
1 answer
183 views

Can you charge a customer $20 by debit and give them a $20 bill instead of having a debit machine that can do cashback? [closed]

If a customer wants cash to use our services but only has their debit card on them are you allowed to charge them $20 And give them a $20 bill back? Why do we specifically have to have a cash back ...
Curious's user avatar