When I get a dollar coin back I immediatly try to spend it and hope the cashier knows about them and know they're real.

I do not have money in my wallet

What country is this? And how is $40 going to hold you for days at a time especially if you have family to take care of?

​@@MrSupernova111 pretty sure OP only accounts for his own expense meaning he's still single. If you have family of coz you gotta scale it up.

Or you could stock up some dry pasta, can soups pasta sauce etc for emergency or simply when budget is tight or without transportation etc. I have not met anyone who has zero pantry stocks or anything in the freezer or fridge. I watched Bear Grylls man vs wild for survivor tips 😊 thankfully I don't need to start a fire to cook.

That's odd. I thought credit card processors can work without internet.

Watch out for civil forfeiture laws, crooked sherrifs confiscate large cash quantities and you spend more trying to get it back.

- you don’t worry about theft or loss of your cash?

@@docsays I always have people around me as protection that are heavy armed and well trained.

Good idea! I've been using one credit card for everything while carrying my debit card as a backup. But I'm going to start using two credit cards to separate my expenses. I have multiple credit cards and they all have great rewards programs.

- facts

- exactly. Or she should of said carry 4 cards, 3 credit & 1 debit. Lost all credibility with that statement.

You'll need to use credit cards to prove credit responsibility in order to buy a house.

@@alimfuzzy no credits cards, many banks have been offering big loan for me but maybe not for this moment cause inflation. House, I have, beside it also the land and business. Don't talk about it

I'd rather not be shit out of luck if my debit card gets stolen

​@Sormina Saragih credit cards are much safer if your wallet gets stolen. You can dispute unauthorized credit card purchases, as opposed to debit card charges. You are also missing out in all the credit card rewards that usually can be converted to cash.

@@nancyl7989 do you can imagine how any one will take my wallet? Do you think you and I are the same.

Always remember you can lock your debit cards in between purchases via your banking App Locking stops all purchases and atm withdrawals. You can simply unlock your card using your bank's app whenever you are ready buy something. You can lock and unlock cards unlimited amounts of times per day and it only takes 3 seconds

@@jamesdames1168 The points on the credit card are better. I can make all my purchases and pay it off at the end of the month. If for any reason my CC is compromised my bank account is not locked/frozen.

If you only carry $30 cash, now days that can't buy anything but maybe a fast food meal for two.

Great thinking!

- facts

Cash IS king!

Card is king! Why because getting mugged is a serious issue. I rather they steal $500 charge on my CC that u can dispute than have them steal $500 cash from me

Cash is king for those wishing to avoid paying tax, it's a serious issue. I like roads, schools police, hospitals, then there's the military. There are already cashless countries....and it's very convenient. Very US centric advice.

@@johnepskamp7341 Cashless countries are slowly becoming government controlled entities. Cash puts you in control of your money.. A lot of people that do not use cash, simply don't have it...facts. 🤔

@@thisisme3238 There are advantages and disadvantages for both, but the fact is most of the developed world is heading that way. I've been to businesses in the UK that do not even accept cash (I don't agree with at all, to be sure) There are some people who only deal in cash because they're extremely dodgy. Fact. 🤔

it’s easy to swipe a card

Rich folks carry debit cards. They got cash. I have wealthy clients Rich carry debit Middle class carry credit cards Billionaires carry nothing. (Billionaires have managers that manage payments) True story

@@fake-dz4jd very bad generalization, many of us have no need to access cash while out.

Why would you not? I the main arguments to carry a debit card are 1) you may need to go to the ATM to get cash 2) some debit cards have offers and 3) some merchants don’t charge processing fees for debit cards. I understand why people don’t carry, but I don’t think it is reasonable to immediately reject the video because they secondhand recommend to carry a debit.

@@MrBrooksV I carry a debit card all the time because of the zero processing fees at some stores and I find it dumb not to carry one.

@@fake-dz4jd No. Dumb people who don't understand basic finances use credit cards. I am a lower middle class earner at 44 years of age. I have never had wealth (grew up to poor parents who needed welfare for many years). 95% of my purchases are on debit. Credit card is only ever used as an alternative for debit (online purchases usually), not because I don't have the money. I do not spend money I don't have. My entire life I pay my credit card off almost the next day. How? I live within my means. I don't spend money on things I can't afford. Most people are stupid, they put themselves into debt by buying a home or a car or luxuries that are far beyond their means of income, leaving them compromised and endangered financially when times (inevitably) turn rough. I have never been seriously harmed by hard financial times because I have avoided debt my entire 44 years of life thus far - I just spend less when times go bad. Most people are too weak-willed or dumb to do this and instead pile up debt on credit cards - then when inflation hits or they lose a job, they are ruined. Me? I just have a slightly harder time is all, but I am not ruined by it. Debit cards are not for the rich - they are for the middle class / lower middle class who happen to have a lick of common sense is all.

Same, carry only two cards

As a poker player I find that part irrelevant to the topic. Sure, as a poker player you might want to have enough cash available in case you get a last minute invite to a cash game. But for the rest of the population that's irrelevant.

Absolutely! People using their debit card for mundane expenses don't realize their subjecting themselves to fraud. Use the CC and let the CC company deal with any potential fraud.

Do you mean a credit card is better because using it gives you points, deals, and credit score, while a debit card doesn't give you anything extra so why use it? I'm just trying to learn here. Cheers.

@@shmookins credit card for points and benefits yes but also to protect your bank account. Debit card gets skimmed at a gas pump that's real money they are stealing out of your account.

@@shmookins . Listen to the OP. He's 100% Correct.

You’re likely to spend more money with credit cards, so those points aren’t really much of a reward.

I’m a half and half person. Half credit card charges and pay half cash.

Wait till you get pickpocketed or mugged.

If you want to buy a house, you'll need to show credit responsibility. I was afainst 100% credit cards and although I was earning well into 6 figures and had more than a 20% deposit, I was rejected.... I had to force myself to use credit cards.

@@nothingmatters3802 that's why I only carry so little money with me

@@alimfuzzy I own several properties and have never taken a loan to buy one, it is one of my principles to never go into debt ( and it saves a lot of money if you pay for everything at once :-)

@@MiamiMillionaire 😂😂😂

- what about places that do not accept digital payment?

@@docsays "wife pays" 😜

Do you know if there is any best time to pay off your cc? Like a day after the statement comes out?

@@ToothlesstheNightFury510 Use your credit card the way you'd use cash/debit card. For what you can afford to buy cash. If you only have $1000 in cash. Then $1000 is the maximum amount on your credit card. Now you can pay it off. Call your bank to find out when they send the report. Then pay it off after that date. You just want to pay it off before the end of the month because at the end of the month interest will be added to the balance. Credit cards notoriously have extremely high interest. You'd be around 27% interest. And if you use the entire 1000 balance mentioned earlier. Then at the end of the month you'd now owe ($1000 + 27%) $1,270. If you don't pay that balance off you'd owe ($1270 + 27%) $1612.90. See how people rack up credit. If you only paid a portion of the balance, that interest would be charged to the remaining amount you owe. Most Americans take out a credit card that they misuse + have student loans + have a car loan. THAT is why they get trapped in debt. The FIRST car for most Americans is a used car. The average interest rate on used vehicles is currently over 10%. You can do the same math with those loans that I just showed you with credit cards. Let's say you paid $300 off your $1000 balance and now have a remainder of $700. At the end of the month interst would be added to that balance and you'd owe ($700 +27%) $889. JUST shy of $900. Your balance started at $1000. You paid $300. But you owe close to $900 by the next month. Isn't that crazy? Yes. So pay the damn balance off every month. Most Americans PAY THE MINIMUM BALANCE on their card. This is tracked statistical information. Minimum balance is on average $35. Imagine paying the minimum balance for 6 months. month 1: $1225.55 (pay minimum on this) month 2: $1512 (pay minimum) month 3: $1875.79 (pay minimum) month 4: $2337.80 (pay minimum) month 5: $2924.56 (pay minimum) month 6: $$3669.74 THAT is what you'd owe after only paying the minimum for 6 months.

I carry cash in my travel backpack in case I forget my wallet. Its happened and the cash was very useful.

@@MrSupernova111 That's a smart backup plan. I don't have to travel much from where I live so not a thing I need to do.

- same

Driver license Medical insurance card Credit cards

Money

Is that for a monopoly game?

I do the exact opposite.. 😆

Cash can be stolen. Will never get it returned. Report stolen credit card, no lose. Mobile payment made through credit card is like used the card itself. Safe than cash.

Mobile payment is inherently safer than using your actual card. Each time you make a mobile payment it sends a unique ‘code’ from your phone to the bank. Bank confirms the code and that it’s you making the transaction, bank then tells the merchant to accept the transaction. All this in a second. Your actual card details are never revealed. And it’s impossible to skim your card using mobile payments.

Phones can be stolen too and some of us don't carry those stupid things around all the time.

@@sexygeek8996 then that use case simply doesn’t apply to you. Not everyone uses things or has the same requirements as you. Also, provided you’ve got security enabled on your phone a thief can’t simply start tapping away spending your money, so it’s a moot point.

Credit cards are the safest method of payment. Cash has no protection & mobile payments via your cell phone can be lost, stolen or hacked.

Are you a mobster or something lol

Obviously he is joking. If he is not....then he should be

$700 on you at all times? For what? hahaha

@@Student0Toucher nop 😂😂

@@MrSupernova111 well you never know when you meet a cat i need 😂😂 You never know when a good deal come along your way so thats why