macy Rep Points:
500
Posted on
November 6, 2007
at
2:32 pm
Have you tried a major purchase of any equipment or things in full cold hard cash? Care to share it here?
Posted on
November 6, 2007
at
2:32 pm
I did that. I purchased a $6,000 truck with cash. I had plenty saved up for it. I didn't want to have to get a loan and end up paying more then $6,000 in the end because of all the interest.
macy Rep Points:
500
Posted on
November 6, 2007
at
2:32 pm
Wow huge amounts you have there! But its an advantage really as you can save more from the incurring interest rates.
Posted on
November 6, 2007
at
2:32 pm
Yes, of course. When the price of items is not that high, I usually withdraw the amount from my atm, and pay directly. It helps to eliminate the worry of future payments.
Posted on
November 6, 2007
at
2:32 pm
Do you mean CASH cash? No I rarely make a purchase over $100 in cash. I'll write checks or use a debit card and not charge it, but I don't like carrying a lot of cash on me. It's also good to have a physical record of your purchase other than a receipt and banks provide some fraud protection in most cases.
Posted on
November 6, 2007
at
2:32 pm
Last year I purchased a computer arond $2000 cash. I don't know if that is considered a large sum. For me it is because I had to save up a long time to purchased it.
Posted on
November 6, 2007
at
2:32 pm
We bought a car in cold cash. It was just wrapped with a newspaper for security purposes. We opt to use cash since they require additional cost for using a credit card.
Posted on
November 6, 2007
at
2:32 pm
This is a good idea because you can save up for what you want. That gives you time to see if you really want something.
Posted on
November 6, 2007
at
2:32 pm
[QUOTE=Paris;542]This is a good idea because you can save up for what you want. That gives you time to see if you really want something.[/QUOTE]
I agree. It's a lot harder to spend all that cash in your hands than it is to put on a credit card.
Posted on
November 6, 2007
at
2:32 pm
I opt for a personal check or a manager's check instead of carrying cash. If such big amount is involved, we will do transaction inside the bank.
