Do you keep cash in the house?

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Slimshandy
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Baconqueen13 wrote: Mon Feb 19, 2024 3:26 pm
Slimshandy wrote: Mon Feb 19, 2024 3:09 pm
Baconqueen13 wrote: Mon Feb 19, 2024 3:02 pm

Are you admitting that the case against Willis was simply a ruse to delay the impending Verdict against Trump because Willis is involved in the case against Trump.

No, I’m saying she did something wrong, and that mistake probably cost them the trial because Trump’s attorneys took full advantage.
Isn't it the job of the courts to decide if she did something wrong? Not yours....and IF she is found innocent would that not indicate that the case against her was an erroneous way to stall the trial against Trump
Lol there’s no trial lawyers or judges monitoring this chat group hoping to find a verdict…
I think we’re safe sharing our opinions…


This isn’t a guilty/ innocent situation, it’s a “she recuses herself or she doesn’t” kind of thing…
Slimshandy
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Della wrote: Mon Feb 19, 2024 3:19 pm
Slimshandy wrote: Mon Feb 19, 2024 3:09 pm
Baconqueen13 wrote: Mon Feb 19, 2024 3:02 pm

Are you admitting that the case against Willis was simply a ruse to delay the impending Verdict against Trump because Willis is involved in the case against Trump.
No, I’m saying she did something wrong, and that mistake probably cost them the trial because Trump’s attorneys took full advantage.
So, guilty until proven innocent? You're the judge and jury?
Yes, you didn’t know?
WellPreserved
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Baconqueen13 wrote: Mon Feb 19, 2024 3:02 pm
Slimshandy wrote: Mon Feb 19, 2024 1:50 pm
Baconqueen13 wrote: Mon Feb 19, 2024 12:36 pm So very telling that when they can no longer call her out for carrying cash they resort to attacking her appearance.
The dress was a conversational side note…

The money is still the real issue…She’s still waiting on a judicial verdict, and as of this point, republicans accompanied a big goal…

“It will be at least a week before the lawyers give closing statements on the conflict-of-interest question.

If the judge doesn't remove either prosecutor, the trial could still be on track to begin in August.

Acevedo said it's possible, but very likely not practical, there will be a verdict before the November election.

"I would say it’s very unlikely, theoretically possible, but very unlikely that we get a verdict before November," Acevedo said.“


https://www.fox5atlanta.com/news/fulton ... r-says.amp
Are you admitting that the case against Willis was simply a ruse to delay the impending Verdict against Trump because Willis is involved in the case against Trump.
It's been pretty obvious that that was the intent from the beginning. An indicted candidate is more electable than a convicted candidate. That's the bottom line. Kinda sad that that's the bar with GOP.

ETA: Trump's criminal trial in NY is scheduled to start March 25th so there are just so many charges he'll be able to outrun before his time is up. Chances are GOP will have a convicted candidate for president regardless of their best efforts.
"The books that the world calls immoral are books that show its own shame." - Oscar Wilde
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Slimshandy wrote: Sat Feb 17, 2024 6:03 pm Lol not enough to pay for what she was paying for… she is lying like crazy.


I love how she believes that proof is one person saying so…as quoted saying “ The testimony of one witness is enough to prove a fact. “
…if true, that means she’s going to have a hard time as a prosecutor, right?
I snorted at that line when she said it. She was a hot mess with a huge attitude. I wonder why she didn’t get on the stand the next day.

I guess all Trump has to do is get on the stand and say he didn’t do it and the case is done.
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highlandmum
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mommy_jules wrote: Mon Feb 19, 2024 2:58 pm
Traci_Momof2 wrote: Mon Feb 19, 2024 2:30 pm I saw something posted on my local FB this weekend about this. I have no clue who this Willis woman is or the story with her, I haven't kept up. But on FB it was suggested that keeping money in that way was "a black thing". I have no clue about that either.

Here's what I can tell you. I've never kept money in my house and neither did either of my parents. We grew up fairly poor, and maybe that's part of it. All money went to bills every month so there was nothing left over to stash in the house. Neither of my parents ever had much of a savings whether in the house or in the bank. So to me it was never a thing. I honestly never thought about keeping large sums of money in my house until I heard about it later in life. My co-worker, who's half Mexican half white, said her grandmother always did it and so she picked up the habit from her and has cash stashed in her own house.

Here's my question about the practice though - what happens when your house is destroyed? Fire, tornado, flood, hurricane? Not only have you now lost your house but you've lost a huge chunk of your savings. Whereas if you had that money in the bank you still have access to money to get a hotel room and get some clothes and what not until the insurance money comes through. Banks are protected pretty darn well these days and I haven't really heard of anyone losing large sums of money in the bank unless they fall prey to one of these phone or text scams. But all it takes is one simple house fire which can happen to ANYONE at ANY TIME and you've just lost your entire savings. I really don't understand why anyone would want to keep more than a couple hundred in cash laying around anywhere.
To be fair, fire proof safes and lockboxes are readily availability to help mitigate that.
But here is a question. Why would you want to keep $5,000 in a fire proof safe when at the end of the year you still have $5,000, while in a high interest savings account earning 5% you would now have $5,250? Now maybe this is because I was always taught to make your money work for you, and it does not seem like it is working for me sitting there earning nothing.
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highlandmum wrote: Wed Feb 21, 2024 8:06 am
mommy_jules wrote: Mon Feb 19, 2024 2:58 pm
Traci_Momof2 wrote: Mon Feb 19, 2024 2:30 pm I saw something posted on my local FB this weekend about this. I have no clue who this Willis woman is or the story with her, I haven't kept up. But on FB it was suggested that keeping money in that way was "a black thing". I have no clue about that either.

Here's what I can tell you. I've never kept money in my house and neither did either of my parents. We grew up fairly poor, and maybe that's part of it. All money went to bills every month so there was nothing left over to stash in the house. Neither of my parents ever had much of a savings whether in the house or in the bank. So to me it was never a thing. I honestly never thought about keeping large sums of money in my house until I heard about it later in life. My co-worker, who's half Mexican half white, said her grandmother always did it and so she picked up the habit from her and has cash stashed in her own house.

Here's my question about the practice though - what happens when your house is destroyed? Fire, tornado, flood, hurricane? Not only have you now lost your house but you've lost a huge chunk of your savings. Whereas if you had that money in the bank you still have access to money to get a hotel room and get some clothes and what not until the insurance money comes through. Banks are protected pretty darn well these days and I haven't really heard of anyone losing large sums of money in the bank unless they fall prey to one of these phone or text scams. But all it takes is one simple house fire which can happen to ANYONE at ANY TIME and you've just lost your entire savings. I really don't understand why anyone would want to keep more than a couple hundred in cash laying around anywhere.
To be fair, fire proof safes and lockboxes are readily availability to help mitigate that.
But here is a question. Why would you want to keep $5,000 in a fire proof safe when at the end of the year you still have $5,000, while in a high interest savings account earning 5% you would now have $5,250? Now maybe this is because I was always taught to make your money work for you, and it does not seem like it is working for me sitting there earning nothing.
Why are we assuming the $5k is being kept for savings? It’s quite possible to have that on hand for cash purchases or what not. Also, not everyone has the same level of trust and knowledge of financial institutions. There are a variety of reasons why someone may choose to keep cash…maybe they are doomsday preppers. Idk. I do know that there are lockboxes and safes to protect cash and valuables, though.
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mommy_jules wrote: Wed Feb 21, 2024 10:10 am
highlandmum wrote: Wed Feb 21, 2024 8:06 am
mommy_jules wrote: Mon Feb 19, 2024 2:58 pm

To be fair, fire proof safes and lockboxes are readily availability to help mitigate that.
But here is a question. Why would you want to keep $5,000 in a fire proof safe when at the end of the year you still have $5,000, while in a high interest savings account earning 5% you would now have $5,250? Now maybe this is because I was always taught to make your money work for you, and it does not seem like it is working for me sitting there earning nothing.
Why are we assuming the $5k is being kept for savings? It’s quite possible to have that on hand for cash purchases or what not. Also, not everyone has the same level of trust and knowledge of financial institutions. There are a variety of reasons why someone may choose to keep cash…maybe they are doomsday preppers. Idk. I do know that there are lockboxes and safes to protect cash and valuables, though.
Not saying savings in general. But I am not keeping it in my house where it is not earning interest. I did the same last time I purchased my car. I could have paid the entire thing off, but since the were giving me 0% interest and were not offering a discount if I paid cash I made my money work for me. I put it into an account where I earned interest and paid $1,000 a month out of it for 36 months. At the end of the 36 months I had over $4,000 remaining in the account. If I had paid cash for the car I would not have earned that $4,000. See what I am saying? You need to learn how to make your money work for you and just keeping it hanging around it is not doing anything for you.

Maybe being in Canada where our banks are a Oligopoly, and the chances of a bank failure is almost impossible, but on the other hand service and competition is at a all time low. We have trust in the security of our banking system.
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My father kept large amounts of cash in our homes. It was nothing for him to carry ten thousand in his pocket. It was how I grew up. But mind you, he was an adult during the depression.
306/232

But I'm still the winner! They lied! They cheated! They stole the election!
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highlandmum wrote: Wed Feb 21, 2024 10:26 am
mommy_jules wrote: Wed Feb 21, 2024 10:10 am
highlandmum wrote: Wed Feb 21, 2024 8:06 am
But here is a question. Why would you want to keep $5,000 in a fire proof safe when at the end of the year you still have $5,000, while in a high interest savings account earning 5% you would now have $5,250? Now maybe this is because I was always taught to make your money work for you, and it does not seem like it is working for me sitting there earning nothing.
Why are we assuming the $5k is being kept for savings? It’s quite possible to have that on hand for cash purchases or what not. Also, not everyone has the same level of trust and knowledge of financial institutions. There are a variety of reasons why someone may choose to keep cash…maybe they are doomsday preppers. Idk. I do know that there are lockboxes and safes to protect cash and valuables, though.
Not saying savings in general. But I am not keeping it in my house where it is not earning interest. I did the same last time I purchased my car. I could have paid the entire thing off, but since the were giving me 0% interest and were not offering a discount if I paid cash I made my money work for me. I put it into an account where I earned interest and paid $1,000 a month out of it for 36 months. At the end of the 36 months I had over $4,000 remaining in the account. If I had paid cash for the car I would not have earned that $4,000. See what I am saying? You need to learn how to make your money work for you and just keeping it hanging around it is not doing anything for you.

Maybe being in Canada where our banks are a Oligopoly, and the chances of a bank failure is almost impossible, but on the other hand service and competition is at a all time low. We have trust in the security of our banking system.
I know that this just applies to me but I keep a lot of cash in my house but rotate through it as I make a lot of cash purchases so it makes sense. Also, it gives me comfort. But, I have multiple checking accounts including a high yield money market account as well as investment accounts so it's not like I'm being "stupid" by not investing. Frankly, how much cash I have is really only my business but it irks me that the assumption would be that I don't know no better and need to be schooled on finances. People have cash in their homes for a variety of reasons and most people know that that money could be "working for them" if placed in an account. They have made the choice that they would rather have the convenience and security of having cash available and it's worth foregoing the interest that money would earn them in a conventional bank.
"The books that the world calls immoral are books that show its own shame." - Oscar Wilde
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WellPreserved wrote: Wed Feb 21, 2024 11:21 am
highlandmum wrote: Wed Feb 21, 2024 10:26 am
mommy_jules wrote: Wed Feb 21, 2024 10:10 am

Why are we assuming the $5k is being kept for savings? It’s quite possible to have that on hand for cash purchases or what not. Also, not everyone has the same level of trust and knowledge of financial institutions. There are a variety of reasons why someone may choose to keep cash…maybe they are doomsday preppers. Idk. I do know that there are lockboxes and safes to protect cash and valuables, though.
Not saying savings in general. But I am not keeping it in my house where it is not earning interest. I did the same last time I purchased my car. I could have paid the entire thing off, but since the were giving me 0% interest and were not offering a discount if I paid cash I made my money work for me. I put it into an account where I earned interest and paid $1,000 a month out of it for 36 months. At the end of the 36 months I had over $4,000 remaining in the account. If I had paid cash for the car I would not have earned that $4,000. See what I am saying? You need to learn how to make your money work for you and just keeping it hanging around it is not doing anything for you.

Maybe being in Canada where our banks are a Oligopoly, and the chances of a bank failure is almost impossible, but on the other hand service and competition is at a all time low. We have trust in the security of our banking system.
I know that this just applies to me but I keep a lot of cash in my house but rotate through it as I make a lot of cash purchases so it makes sense. Also, it gives me comfort. But, I have multiple checking accounts including a high yield money market account as well as investment accounts so it's not like I'm being "stupid" by not investing. Frankly, how much cash I have is really only my business but it irks me that the assumption would be that I don't know no better and need to be schooled on finances. People have cash in their homes for a variety of reasons and most people know that that money could be "working for them" if placed in an account. They have made the choice that they would rather have the convenience and security of having cash available and it's worth foregoing the interest that money would earn them in a conventional bank.
I was not meaning "you" as a direct reference to yourself, sorry if you thought I was. I was meaning you as a collective general term. I was just asking because I know my money is very easily accessible within my traditional accounts - between interac, e-transfer, ATM, and traditional banking. Of course my parents had money in the house as it was different back then, you had to physically go to the bank to get money. But now with all the optional ways to pay it is a little different. I do have a few hundred in the house at all times but that is about it.

I looked on line and 85% of Canadians do not pay with cash, even for small purchases. Heck I am guilty of the $2.50 tap and go purchase on my debit card. I heard but not sure that it was 40% of Americans do not pay with cash. This may give you an idea why I am so confused about the cash in the house.
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