Here’s my system for getting through life without using credit cards.
–I always have $200 cash on me.Â I carry my cash in a money-clip.
–I always have a Debit Card on me.Â I carry my Debit Card in my money-clip.Â I wrap my cash around my Debit Card.
–I have a checkbook which I keep in my wallet.Â I only write about 5 checks per month.Â My checkbook usually stays in my glove-box.Â If I have to write a check, I will tear a check from the book, fold the check, and put it in my money-clip.
–I have a wallet.Â I hate to keep it in my pocket, so it usually stays locked in my glove-box.
–I have a credit card that I never use.Â It stays in the back slot of my wallet.
In the past 2 years, I’ve only made two purchases which required more than $200 in cash.Â On those occasions, I withdrew the cash from the ATM, put the cash in my pocket, made my purchase, and went about my way.
Renting A Car or Reserving A Hotel
–I have rented a car AND reserved a hotel using my debit card.Â (I know that some companies require reserving a car with a credit card.Â So, if pressed, I could RESERVE the car with my credit card, but PAY the bill with cash.Â So far, I have not had to deal with this situation.)Â When I checkout or return the car, I pay my bill in cash or use my debit card.
–I’ve never flown, so I have no idea how this would work.
–I have a secondary checking account with a fixed amount of money.Â This account has a debit card.Â The account does not allow “over-drafts”.Â I use this debit card associated with this account to make on-line purchases.Â I’ve never had a problem using a debit card or getting a refund.Â I’ve used a debit card to pay for items from Amazon, pay my hosting fees, and manage my satellite radio bill.
–I use free on-line bill-pay to pay all of my bills.Â I’ve never had a problem.Â In fact, my local doctor was impressed with the fact that I could use on-line bill-pay to pay my doctor bill.Â I actually showed him how to setup an account with his bank!
As you can see, living without a credit card is pretty easy.Â I’ve yet to find myself in a situation where I “had” to use a credit card.Â I make sure that I keep enough cash “on hand” to meet most situations, but not so much that I’m overly concerned about losing it or having it stolen.Â IF someone where to steal my wallet, they’d get a single credit card, my license, and about 10 checks.Â If they were to rob me, they’d get about $200 and a debit card.Â There are risks associated with every method of carrying money, but I feel pretty secure with the the technique that I use.Â If I am travelling, I will, of course, take my wallet out of my glove-box and put it in my back-pocket.Â (Wallets are SO 1985!)