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Alternative Cash Resources To Use When Traveling By Car

Mar 19, 2008
Older adults will normally carry large amounts of money on their person when they travel by car. Most feel that they can control their money better than any bank and will seldom listen when people warn them about carrying such large amounts of cash. Some of these people are set in their ways and have stuck to the same principles of money management for many years.

Older adults are not carrying cash around to be flashy or to prove to someone at a gas station that they have enough cash to pay for their gas when traveling by car. These people probably do not go out of their way to dress fancy or give any indication that they have amassed a great amount of wealth during their lifetime. They will most likely take every precaution to ensure that their travels are safe and most people would not be aware of their presence at any of the stops that they make.

One of the most common reasons that older adults carry so much cash on them is that they are not up-to-date with the latest resources for making payments while traveling and most times, these older adults will find out too late about what those resources are. Older people are targeted by thieves because they do not follow trends and are not kept up-to-date with the alternative cash resources that they have at their disposal.

Many of the older adults have never heard about a secured debit card but they may have heard about how debit cards make purchases easier. They might have heard about credit cards and have several different types in their wallets. Older people get many offers of credit during their lifetime because they have established a good credit rating. When traveling by car, they might choose to pay for some larger purposes with a credit card.

Many of those credit cards will have large credit limits on them but the older person will still desire a considerable amount of cash to pay for things along their travel routes. Older people like to keep all of their options open and keep larger credit limits open for any car repairs that might be needed as they travel from State to State. They might not make sure that they have alternative cash resources though.

Some might not have an email address where a relative could send cash through the internet. Some older people might not know that they can transfer credit amounts to many credit cards that they own by using the computer systems that are in the hotel lobby specifically for use by guests. Should they be robbed of their wallets, they might not have the cash they need to pay for hotel rooms and foods. Knowing how to get access to credit lines using the internet might help keep them safe for a while until help from relatives arrives.
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