Americans carrying less cash - KYTX CBS 19 Tyler Longview News Weather Sports

Americans carrying less cash

(CNN) -  A new survey by bankrate.com shows Americans have less cash in their wallets, and it's by choice.
 With more options to pay by credit card, debit card and now even smartphone apps, people aren't having to take out cash from the ATM anymore to pay for everything.

Bankrate found 78% of people carry less than $50 in cash with them on a daily basis. 40% carry less than $20  in cash. And 9% said they don't carry any cash at all.
Despite the holiday season security breaches that took place at some major national retailers, people seem to be sticking to the convenience of swiping a card at the checkout, instead of getting cash from the ATM first.
Bankrate recommends using credit cards instead of debit cards so that the money doesn't get immediately drafted out of your account. If you are making a debit transaction, see if you can use a signature instead of a pin number. 
And change up passwords regularly. Using the same one for online accounts and payment apps can leave you      vulnerable if a hacker gets access to even one account.

  • Local NewsMore>>

  • Mobile meth lab shut down; federal agency collects weapons

    Mobile meth lab shut down; federal agency collects weapons

    Tuesday, September 2 2014 10:17 PM EDT2014-09-03 02:17:20 GMT
    TYLER (KYTX) -- Weapons and drugs were swept up after a local hotel cleaning crew ran into more than they could handle. On Tuesday, September 2nd, 2014 at approximately 1:00 PM, Tyler Police Officers were dispatched to the Sleep Inn located at 5555 Donnybrook when the hotel cleaning staff entered one of the rooms to clean it and observed several suspicious items lying in the open.More >>
    TYLER (KYTX) -- Weapons and drugs were swept up after a local hotel cleaning crew ran into more than they could handle. On Tuesday, September 2nd, 2014 at approximately 1:00 PM, Tyler Police Officers were dispatched to the Sleep Inn located at 5555 Donnybrook when the hotel cleaning staff entered one of the rooms to clean it and observed several suspicious items lying in the open.
    More >>
  • Search warrant filed for woman indicted for driving car into Longview crowd

    Search warrant filed for woman indicted for driving car into Longview crowd

    Tuesday, September 2 2014 4:14 PM EDT2014-09-02 20:14:56 GMT
    A Hallsville woman accused of driving into a crowd of about 20 people last fall in South Longview faces new driving charges.
    More >>
    A Hallsville woman accused of driving into a crowd of about 20 people last fall in South Longview faces new driving charges.
    More >>
  • Islamic State releases video depicting another beheading

    Islamic State releases video depicting another beheading

    Tuesday, September 2 2014 3:09 PM EDT2014-09-02 19:09:14 GMT
    (Photo: SITE)(Photo: SITE)
    (USA TODAY) - The terror group Islamic State released a video Tuesday apparently depicting the beheading of American journalist Steven Sotloff.Sotloff, kneeling, says he is "paying the price" for the U.S. intervention in Iraq with his life.More >>
    (USA TODAY) - The terror group Islamic State released a video Tuesday apparently depicting the beheading of American journalist Steven Sotloff.Sotloff, kneeling, says he is "paying the price" for the U.S. intervention in Iraq with his life.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.