Places At Home To Stash Your Cash

Places At Home To Stash Your Cash

Most financial experts don’t recommend keeping large amounts of cash stashed at home, but that doesn’t stop people from socking their savings in corners they believe to be safe. Those who do so leave themselves vulnerable to losing huge amounts of money due to burglaries or forgetfulness. [More]

80-Year-Old Man Accidentally Donates Life Savings To Goodwill

80-Year-Old Man Accidentally Donates Life Savings To Goodwill

Check your pockets before sending clothing and household goods to Goodwill, especially if you’re in the habit of storing your life savings in the pocket of a favorite suit. An 80-year-old man in Illinois with a Depression-era mistrust of banks stashed his savings around the house. That cash was in the pocket of a suit jacket that the main claims he donated to a Goodwill thrift store. He didn’t realize what had happened until a week later. [More]

Another Reason To Cut The Cards And Go Cash-Only

Another Reason To Cut The Cards And Go Cash-Only

Back in July, we discussed several reasons that using only cash for purchases makes financial sense. Among the pluses were a lower risk of identity theft and simpler budgeting prospects. [More]

Canada's New Plastic Money Won't Rip, Melt Or Be Mistaken For A Sex Toy

Canada's New Plastic Money Won't Rip, Melt Or Be Mistaken For A Sex Toy

Canada, which dropped its $1 bill in favor of coins decades ago, is continuing to tear up its paper currency. This week, the country introduced a plastic $100 bill, which the government says is rip-resistant, virtually impossible to counterfeit, and won’t melt in the dryer or freeze in the winter. It’s also been modified, since some early reviewers saw sex toys and naked women in its original design. [More]

64% Of Americans Can't Pay For $1,000 Emergency

64% Of Americans Can't Pay For $1,000 Emergency

If you had to fork over $1,000 right now, would you be able to do so without borrowing money or using your credit card? If so, then a new survey from the National Foundation for Credit Counseling says you’re in the minority. [More]

6 Reasons To Live A Cash-Only Life

6 Reasons To Live A Cash-Only Life

With every story we write about increased credit card fees, slashed rewards programs or hacked bank databases, a growing number of readers have expressed a growing interest in ditching their plastic and going cash-only. [More]

Antique Piggy Bank From eBay Stuffed With $133 In Cash

Antique Piggy Bank From eBay Stuffed With $133 In Cash

Shawn bought this antique piggy bank on eBay for $13.50. Adorable, isn’t it? What was even more adorable was what he found when he pulled out the original cork: $133 in cash. That’ll do, pig. That’ll do. [More]

Utah Considers Making Gold And Silver Legal Tender

Utah Considers Making Gold And Silver Legal Tender

Utah’s state house took a step toward allowing gold and silver to be accepted as cash, passing a bill that would recognize government-issued gold and silver coins for not only their face value, but the value given to the items by collectors. If the bill passes, the state would study the idea of establishing an alternative form of currency backed by silver and gold. [More]

Homeless Vet Returns Cash-Filled Wallet To Owner

Homeless Vet Returns Cash-Filled Wallet To Owner

If you ever lose a wallet stocked with cash but no identification, you can probably forget about ever reuniting with it. But a homeless 49-year-old Navy vet in Boston made the near-impossible happen for the bike messenger who lost the precious cargo. [More]

Eat Healthier By Leaving Your Credit Cards At Home

Eat Healthier By Leaving Your Credit Cards At Home

In the last few decades, Americans use credit (or debit) cards for more and more of our everyday spending. We’re also, collectively, becoming more and more obese. A group of researchers wondered: is there a correlation here? They conducted four experiments looking at what types of food people purchase when using a credit card, and what they purchase when using cash. They published their findings in the Journal of Consumer Research. The result is not surprising: people are more likely to buy junk food, on impulse, when paying with plastic. [More]

Which Transaction Is Faster For Small Purchases: Cash Or Credit?

Which Transaction Is Faster For Small Purchases: Cash Or Credit?

Since we began writing about credit card companies now allowing merchants to require minimum purchases for credit transactions, we’ve received feedback from readers in both the comments and in the tipline about how credit cards are faster and more efficient than cash. At the same time, there are those who swear by cash when it comes to making purchases of only a few dollars. So which is it? [More]

Government Program Replaces Mutilated Cash

Government Program Replaces Mutilated Cash

Just because your dog mistakes a $100 bill for a chew toy, it doesn’t mean you’re out the cash. You can just take what’s left of your mangled paper and send it to the U.S. Bureau of Engraving and Printing’s Mutilated Currency Division, which will issue you a check for the amount you otherwise would have lost. [More]

Report Says The Poor Subsidize Credit Card Reward Programs

Report Says The Poor Subsidize Credit Card Reward Programs

A new study from the Federal Reserve Bank of Boston says that credit card reward programs have a sneaky hidden cost that the card holder doesn’t have to bear. This occurs because the fee that a retailer pays to run a credit card varies with every card, and reward cards cost more to process–in other words, the card issuer passes the cost of the rewards program on to the retailer. The retailer adapts by raising prices across the board, which distributes the cost of the reward program among all shoppers. [More]

What Would You Do With $20,000?

What Would You Do With $20,000?

A couple of weeks back, we asked what you would do if you stumbled upon a bag containing $18,000 in cash with no signs of the owner’s ID. Today, CNN took a camera out on the street to ask folks what they would do if they suddenly had $20,000 to spend, no strings attached. [More]

Elderly Woman Accidentally Donates $5,365 To Goodwill Inside Sock

Elderly Woman Accidentally Donates $5,365 To Goodwill Inside Sock

If you like to hide large amounts of cash around your house, make sure to remember where you put it. And if you do tend to forget, make sure to check the crevices and pockets of everything before you donate it to charity or throw it away. This goes triple when cleaning out the home of an elderly relative. A 96-year-old woman in Asheville, N.C. recently donated a blanket that contained more than $5,000 in cash–and the Goodwill store managed to locate her and return the money. [More]

Glowing Cash Could Help You (And Muggers) Find The Right Bill

Glowing Cash Could Help You (And Muggers) Find The Right Bill

If you’ve ever had trouble identifying different denominations when digging through your wallet in the dark (or under other circumstances when you might find yourself visually challenged), Jaesik Heo’s concept for luminous paper money may just, er, fit the bill. Of course, the telltale glow could also alert anybody else in the vicinity to the presence of big bills in your wallet. Maybe Heo’s next version should let you customize your colors, so that your big pile of Benjies (or Sejongs, in Heo’s example) would look like a pitiful stack of singles. [More]

Radio Shack Wouldn't Let Me Buy Stuff Without Email, Address, Phone #

Radio Shack Wouldn't Let Me Buy Stuff Without Email, Address, Phone #

Reader Molly needed a cellphone charger. She ran in to Radio Shack to grab one and paid with cash — but the cashier wouldn’t complete the transaction without her home address, phone number and email address. She’s wondering if this is normal. [More]

This Is What Kids Did For Fun In The 80s

This Is What Kids Did For Fun In The 80s

Josh at GeekSix unearthed a comic book ad that might be familiar to you if you were a kid in the 80s. Olympic Sales Club was one of those door-to-door greeting card companies that enlisted kids across the country to sell crap to neighbors in exchange for merch your parents wouldn’t buy you. [More]