Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (1337)	5/15/2003 3:00:17 PM
From: gpowell	Read Replies (1) of 4907

I carry as much cash as I estimate my transactions will require before I can get more cash. With the advent of debit cards, ATM's, and cash back options at grocery stores, I carry less than I used to, if normalized for transactions and income. This means I carry the same amount of cash as I did 20 years ago. I think the chart reflects peoples preference for cash - I know of several seemingly well educated people who took thousands of dollars of cash out and went up to mountain cabins - just in case. These are the same people, of course, who rush out to the hardware store to buy duct tape for their windows and doors without wearing their seatbelts.

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