My parents are old school and love using cash to pay for things. They carry $200-$300 with them. They say it’s easier for making bargains and buying things on the street. Also, you never know when you may run into a situation where cash is needed and there is no ATM nearby.
I generally use my credit card for purchases, but there are times I cannot use one. Some stores have a minimum before allowing you to charge the purchase on a credit card. And when you buy things on the street, you normally can’t use a credit card. This is where cold cash becomes important. I usually carry $100 in my wallet. I think we should carry some cash with us in case of emergency. In the blackout of 2003, all ATMs and credit card machines were not functionable, but I still made purchases because I had cash on me. They say cash is king.
How much do you carry in your wallet?