Originally Posted by
GUWonder
When I was much younger, I would always try to run around with an emergency $20 somewhere on me if I was close to home. But if I was away from home/going away from home, it would be $100. Decades later, it seems like I am still often running around with $100, even as what bang I get for the Benjamin has fallen. But that back-up $100 cash is less useful for me for another reason (beside inflation wearing down its value): paying with apps or otherwise online from a smartphone means that the need to use that $100 note is even less than would otherwise be the case if phone-less.
When I was in high school my grandpa gave me a $100 bill for emergencies, told me it was a loan, and said he expected me to be able to produce it for him any time he asked in the future. I still have it (well, not that one) and it has come in handy I think three times in the last 25 years.
Originally Posted by
Magna
Oh, the $50's are that rare? I never carried a $100 as I was under the impression that too many stores would refuse to accept it.
Too bad there wasn't a way for us to know when banks or ATMs had brand new notes to dispense.
The 50s aren’t rare. They are just not something you see every day, like a $2 bill. If people are using a big denomination they tend to go for the 100.