Question:

Why do some people carry around large amounts of cash?

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Just wondering why someone would need to carry a huge amount of cash with them? I'm working retail over the summer and some people when they open their wallets must have over $500 in there.

With debit cards and such why would you need that much cash on you? I would be too scared to only deal with cash.

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7 ANSWERS


  1. maybe some people refuse to be scared and shook down by the theives and hoods ruining our society so they live normal lives without reguards to crooks. Its sad that people are scared to carry their own money with them now days.


  2. I carry about 2k in cash normally.  Really two reasons why:

    1. In my business my people need to see that I have a lot of cash.  My people need to know that I make a high level income.

    2. The best reason is because you can track your spending a whole lot better.  If you have 500 on you and you only want to spend 100 in a day(very easy to do nowadays),  You can easily keep track of how much you have left.  With a card it's hard.  Plus it's a lot easier to pull out some plastic card,

  3. Maybe they just want to show off, and prove how apparently "rich & powerful" they are.

    Some people are like that I guess. =l

  4. Studies show there is a psychological effect to spending cash that causes you to spend 10% to 15% less than using plastic.  Many 'rich' people use cash because that behavior is a major reason they GOT rich.

  5. I, too am uncomfortable carrying so much cash.  I work as a cashier currently and see the same as you.  It makes no sense, esp. these days.

  6. drugs haha

  7. hello - they may be tourists in which case cash makes sense.  but they are most likely someone who watched their money closely and spends carefully.  there have been a  number of studies done that show its harder to spend cash than to pull out plastic, so more and more people are going that route to make sure they are aware of what they are spending and  buying.

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