Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [cash]

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

191 questions
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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 think it's true, and there is plenty of anecdotal…
D Stanley
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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 with $4,000 in cash. What is the best way to…
Matt Solnit
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In what cases can a business refuse to take cash?

Printed on US currency you will find "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE". Some businesses have refused to accept larger bills for a long time, as other forms of payment have become more popular, some refuse cash completely.…
NL - SE listen to your users
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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 the CBP agent. What happens next?
mathemagician
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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 payment plus the bank's mortgage payment going to be…
David says Reinstate Monica
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Potential scammer pushing me to click a link and threatens to send the police

I was contacted by someone wanting to buy a bird cage I was selling on Facebook market place. He said he couldn't collect as he was at work he told me he would send a cash envelope via dpd and that I would have to pay the insurance. I would be fully…
Kerry Allen
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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 solid reserve. How much money should I hold in an…
Jeffrey
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Why is the car dealer insisting on a loan instead of cash?

I saw a question that said "He (dealer) knocked down the price quite a bit" but my experience is different. The dealership says that they have a US$1500 incentive if I take a loan from their financing company. That looks like a great offer on a $30k…
Raj
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Car buyer wants to pay by actual cash - what are the motivations and risks?

My partner was is listing her car for sale (about $9-10K CAD). She got contacted by someone who wanted to pay with cash bills. He was somewhat reassuring about the obvious risks of walking around with a lot of money, but it still felt offputting: …
Italian Philosopher
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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
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Is it wise to keep some savings in a cash account to protect against a long term market crash?

My wife and I have half our savings in a low risk diversified account (WealthFront - mostly bonds, some stocks). We have the other half in a high interest cash savings account (0.35% interest). Our thinking is that, if there's a long term market…
Mary Rose Cook
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How much (paper) cash should I keep on hand for an emergency?

I used to keep $150 hidden in my car for emergencies. I keep less than $100 in small bills in a backpack with food and water for use during natural disasters. I've got a fire safe in my house for legal documents and computer backups. Should I have a…
NL - SE listen to your users
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I would like to get cash for money judgement

I am a landlord who got a settlement via garnishment of my ex tenant's account. The total of money owed came to about $30,000. I have collected about $11,000 and would like to get cash for what is left. The money is consistently paid every two weeks…
Yogirl
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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 question: suppose you did this and then, some months…
Fixee
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Is online job converting crypto to cash a scam?

A friend of mine has been asking for help. They are not sure if what he is doing could get him in trouble in the future or if it is even legal. He got a job as a finance assistant with an online company. They transfer him crypto, and in exchange, he…
Purple
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