That's just prudent behavior in a fiat system...don't keep cash, and carry expenses on credit card

denlillaapan

Do you have $400 in a checking account?  usually when people say cash they also mean money in checking and savings accounts.

I'd have to put it on a credit card too I guess because I don't have 400$ cash

028559d218

Yeah, it's a big myth.  Another big myth is that most Americans can't come up with $400 cash in an emergency.  That myth came from a survey where people were asked "how would you finance a $400 emergency" and most people said "credit card".

Well, I'd put it on the credit card too, but I'd just pay off the credit card every month.

econ

No, 60% of Americans aren't "living paycheck to paycheck".

tomlaies

Yeah, it's a big myth.  Another big myth is that most Americans can't come up with $400 cash in an emergency.  That myth came from a survey where people were asked "how would you finance a $400 emergency" and most people said "credit card".

Well, I'd put it on the credit card too, but I'd just pay off the credit card every month.