Comments on: How Do You Stash Your Cash?

By: savinsome

savinsome — Fri, 23 Jan 2009 16:21:03 +0000

Hi, and thanks for the comments. In response to the bill paying question, I pay them in cash. We live in a small town, so on my weekly errand day I stop by and pay the utilities, phone bills, and rent, whenever they are due. If there are certain things that have to be sent by mail, I purchase a money order at Wal-mart, they are available at my local store for $0.49, and that is the only fee that I have encountered there. You can also purchase a pre-pay card, and load certain amounts on the card, if you want to pay by phone. Different ways work for different families, this just seems to be the best for ours. Thanks.

By: Cathy

Cathy — Thu, 22 Jan 2009 22:55:36 +0000

Just curious, how do you pay your “bills” with out a checking account – how do you pay your phone bill, house payment, and utilities in cash? Or do you go out once a week and get money orders to mail? Aren’t their fee’s for doing that? Just curious here – hopefully not sounding critical! Thanks!

By: elementaryfinance

elementaryfinance — Thu, 22 Jan 2009 21:58:51 +0000

I still believe that a checking or savings account is the best way to go but there are many different ways. I linked to an article talking about how to “pay yourself” for saving. If you made coffee at home rather than buying it at the local coffee shop, “pay yourself” that $4 straight in to your savings account.