Ten Tips for Carrying Cash on Person
We are living in a so-called “cash-less century” where banking chores and paying of accounts are made easy with the click of a button – the button of your computer’s mouse! If it is not by means of clicking a button, then it is by means of swiping a card – either a credit card or a debit card.
Whatever the method is, we have been moving away from carrying cash. They say it is to the benefit of the consumer to safeguard him or her against pick-pocketing, mugging or whatever.
But whatever the electronic advances or developments we have made, having some cash with you has a reassuring effect. It gives you status or confidence to know you have money in your possession which is still a bargaining chip in any financial transaction. And, believe it or not, in this modern technology age there are still many businesses or service providers that have not yet upgraded to electronic payment systems.
Therefore, many people have to carry cash on them. However, many people still carry more cash on them than they actually need.
With this reality in mind, the following tips and advice are needed to take heed of:
1. Carry as less cash on you as possible;
2. Make use of the convenience to pay your retail accounts or purchases electronically, either directly with your debit or credit card or through a guaranteed bank order;
3. Arrange with your creditors or service providers for electronic transfers to their accounts (internet banking transfers);
4. Be observant of your surroundings when carrying cash on you. If you believe you are being stalked, find help immediately;
5. Do not allow anyone to distract you and avoid social conversations with strangers;
6. Avoid informing people (even close colleagues or friends) that you are going to draw or deposit money at a bank;
7. The amount of money you have on you should be your secret. Boasting about cash on you may put your life at risk;
8. Do not carry cash openly in bank bags, briefcases or in any manner that will tell a tale that you are carrying cash;
9. Do not follow the same route to your point of business every day; and
10. Avoid carrying personal valuables such as mobile phones, laptops and wallets to the bank – it will be a tell-tale that you are not on a personal mission.
The crux of the matter is, be alert and keep your eyes peeled.
useful tips. Thank you
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Nice Post
Thanks for the info. You can never be too careful with your money…
thanks for sharing some very useful tips for carrying cash..
It is always good to carry some cash on you. There have been two situations this week that I needed cash for and I only had my debit card, one being the DMV. Always carry cash on you!
This becomes a very interesting conundrum for many people travelling. One must always have some ‘running around money’ on their person. It is ridiculous to expect to use a credit/debit card to purchase a bottle of water or whatever unless you are prepared to either buy more or get some cash out.
CC and Debit cards also have to be watched very carefully and shouldn’t leave your sight. Fraud is rampant now with electronic funds so all we can do as consumers is to use vigilance and common sense
I liked you ideas and suggestions…they were common sense suggestions.
We should be as careful as possible these days.
Good advise and well written.
It wasn’t all that long ago that we did cash only . It makes you more aware of your expenses, it goes fast and you can worry more. WE using the debit card because it is easier to track all expenses and regain receipts etc… There are times though that all you can do is carry a little cash.. .but it seems once you break those bills into ones they disappear.
These tips are very useful, thanks! I happen to apply many of them for myself. Regardless of what they say about electronic payment and its convenience, I’m being a bit old-fashioned here, using cash wherever possible. My reasons are – 1) I don’t like to be tracked down (no one except yourself can know how/when/where you spent your CASH). 2) there is no chance of theft/card fraud or however it is called.
Extremely useful tips you have shared. Thanks and congrats for selecting this topic
thank u 4 the tips on carrying our money.