2oldman wrote:
Caveman Charlie wrote:
my card is only good up till $3000 dollars but, I sure would hate to lose that money. Plus, by the time they charge you all the fees, fines, and surcharges a 75 dollar gas bill becomes a 100 bucks. Some of my friends live on a cash only basis and don't even have a bank.
You're fully covered for theft/loss. You don't lose anything but a secure feeling.
Why would anyone live on a cash-only basis? ( I can guess)
Most people who pay cash only, use money that they have not paid tax on. Therefore, could be saving as much as 39% according to the tax bracket they are in.