Community Forums

Barbaraok · 05-07-2018, 07:52 PM

One of the reasons I like using Apple Pay (and more and more truck stops now have that option available) is that Apple generates a separate 'account' number that is good one time only for that transaction, so doesn't do any scammer any good. Also we have a separate card (which is what is linked to Apple Pay) just for fueling the motorhome at places that do not take Apply Pay. 3% on fuel rebate - which goes towards coffee at Starbucks.

If it gets compromised, not really a problem as far as the rest of the cards go.

The other thing to do is go inside and prepay for the fuel - which we have done at a lot of places. We have a favorite truck stop in Smokey Point, WA (Union 76) that just lets you pump and then go in and pay. It is kind of tight in and out, but they have the best prices around and they are BUSY all of the time.

grindstone01 · 05-07-2018, 07:59 PM

We have had our CC info scammed a couple of times in our travels. It's no big deal, the CC takes care of the charges, the biggest PITA is getting new cards delivered. As far as cash, what is wrong with keeping cash hidden in the camper? I'm sure most of us do, just don't hide all your eggs in one spot. It's not like checking/saving accounts pay any interest.

Barbaraok · 05-08-2018, 02:13 AM

Quote:

Originally Posted by grindstone01

We have had our CC info scammed a couple of times in our travels. It's no big deal, the CC takes care of the charges, the biggest PITA is getting new cards delivered. As far as cash, what is wrong with keeping cash hidden in the camper? I'm sure most of us do, just don't hide all your eggs in one spot. It's not like checking/saving accounts pay any interest.

That's why some of us don't keep a lot in checking or savings accounts but rather in investments that are making money for us and only transfer the minimum needed and left the rest working.

grindstone01 · 05-08-2018, 06:50 AM

Quote:

Originally Posted by Barbaraok

That's why some of us don't keep a lot in checking or savings accounts but rather in investments that are making money for us and only transfer the minimum needed and left the rest working.

...

For cash on hand, I'm talking $2-5k. Hopefully that lost investment dosen't make/break a lifestyle!!
Investing $$ in twilight years should hopefully not be a priority, now is the time to spend and enjoy the fruits of your savings. Investing is for long term future, like 30+ years.

Barbaraok · 05-08-2018, 09:24 AM

Quote:

Originally Posted by grindstone01

...

For cash on hand, I'm talking $2-5k. Hopefully that lost investment dosen't make/break a lifestyle!!
Investing $$ in twilight years should hopefully not be a priority, now is the time to spend and enjoy the fruits of your savings. Investing is for long term future, like 30+ years.

At MOST we may have a couple of hundred in cash with us at any one time. Why not use CC and get the rewards back? Can't imagine why we would need to have $5K in cash.

Why would we NOT be making sure our money is working? My mom is 96 and still going strong. I plan on doing the same, which means my retirements funds have to keep on generating income for us. That means being somewhat active in managing our accounts. Like in January, when the market hit highs and our accounts had a VERY large gain over the year, we took out sufficient funds to make a substantial investment, and were still ahead of where we were the year before. Then the markets started downward, but instead of losing those gains, we were able to use them to our advantage. And when the markets finally settle on a bottom, then we may be enhancing a position or two in our portfolio.

okmunky · 05-08-2018, 09:33 AM

What happens to that hidden cash if you have a fire? Only keep as much as you can afford to lose. Plus I believe you make yourself a target if you carry much cash. You never know who is watching when you pull out your bankroll. They may follow you to a secluded site and ...

BillJinOR · 05-08-2018, 09:43 AM

We started like grindstone but have let the balance drop over the last couple years. The cash and other important papers are in a fire safe. We don’t wave the cash around in fact don’t even take it out. If it’s stolen I have insurance specifically for that event. Even if it is Stolen luckily we are in a position a few grand won’t be a catastrophe. I like keeping some cash availableeven if we don’t use it regularly and we also carry 2 weeks food rations in a bucket in the bay.
I like being prepared.
To the OP .. open a national account even if you hate them .. use the local everyday but the National is available if you need it.

twogypsies · 05-08-2018, 12:51 PM

You may want to check out exactly the specs on the 'safe'. We had a friend involved with an RV fire and when he opened his safe all the papers were ash. Yes, the safe survived but the heat took a toll on the belongings.

BillJinOR · 05-08-2018, 01:39 PM

There are data files of everything in the cloud. My kids have copies ( except the cash[emoji6] though they’d like to keep it for me! ) the safe is “rated” a specific fire safe, not so much a burglar safe , if it doesn’t do the job the insurance covers the amount of cash , and everything else. I’m not worrying about all the possibilities. I thoughtfully covered what I can. now I’m Too busy having fun.

grindstone01 · 05-08-2018, 06:57 PM

How often does your RV burn up in a fire? I have a greater chance of winning the Lottery even though I don't buy tickets. A stash of cash is good to have on hand. You never know when a situation might arise and everyone accepts cash on the spot 24/7. When we started full timing I would carry $10k cash but have since reduced that amount. If I lose it or get robbed, it won't change my financial life style any.
At 90 years old, I don't plan on living an expensive life style, certainly not traveling much and fewer gym memberships.

TechWriter · 05-08-2018, 07:08 PM

Quote:

Originally Posted by grindstone01

When we started full timing I would carry $10k cash but have since reduced that amount. If I lose it or get robbed, it won't change my financial life style any.

It's in your mattress, isn't it?

grindstone01 · 05-08-2018, 09:03 PM

Quote:

Originally Posted by TechWriter

It's in your mattress, isn't it?

...

Actually in different spots, no sense putting all your eggs in one basket. Loaded 9mm is close to one stash!

EdInArk · 05-09-2018, 06:12 AM

Quote:

Originally Posted by BillJinOR

There are data files of everything in the cloud. My kids have copies ( except the cash[emoji6] though they’d like to keep it for me! ) the safe is “rated” a specific fire safe, not so much a burglar safe , if it doesn’t do the job the insurance covers the amount of cash , and everything else. I’m not worrying about all the possibilities. I thoughtfully covered what I can. now I’m Too busy having fun.

I've wondered about this. It's hard to imagine a claims adjuster just accepting whatever amount of cash I'd want to declare.