How do we feel about this? (raising money situation)

lovesclimbing · March 2014

stef42188 said:

A lot of places will not charge you the tax (as in, they will pay the tax themselves) or will reduce the price of something if you pay cash. In fact, when I bought my car I made the down payment in cash and they reduced the overall price of the vehicle since I did that (my bank was right across the street from the dealer, so I felt safe because I not hang onto it long). It takes a few days for a check to clear, and so they were happy to have the money immediately and to me it didn't matter either way. There is definitely a paper trail - you get receipts and contracts for everything.

With regards to this gofundme, I wouldn't side-eye it too much, but I would probably put the money I wanted to donate into their wedding gift in addition to what I already planned on giving, since that site would take a % of the fees anyway and they wouldn't get the whole amount.

Yea, this. My sister bought her car in cash and it gave her more bargaining power.

There are also financial advisers (Dave Ramsey comes to mind) who recommend using cash for everything. As for there being no paper trail with cash, that's what a receipt is for.

ETA: I would not donate in this instance. It's sad but their wedding is not a necessity. I donate to legitimate charities and to help out people I know, in rare occasions.

I am not anti-credit cards, btw. And I do think keeping that much cash around the house is not smart. If I wanted to use cash for a large payment, I would withdraw it on the way to the vendor.

Emmy1493 · March 2014

I am fortunate because quite frankly, I don't have cash to keep in my home. Wahhhh!

LDay2014 · March 2014

LDay2014 said:

I'm not a fan of gofundme at all...but I might be a little more lenient in this circumstance.
I actually pay cash for a LOT of things - well, debit - because I don't like credit cards.

But thats why you keep your money in a bank...and then take it out and take it to where you need it or like you said a certified cheque.

Do you own a house? I hope you do, because without a credit card or two to your name, you will have a lot of trouble buying one. Things have changed in the mortgage market. You need credit cards to establish your credit rating.
My son-in-law found out the hard way. He always paid cash for everything, including his car. When he went to pre-qualify him for his first house, the loan officer told him that he couldn't qualify for a loan, even though he had $90,000 in the bank and a professional job! He had no credit history. He was denied credit at Kohl's, Sears, Macy's. He finally had to go out and get a pre-paid Mastercard, deliberately charge some items, and pay them off for the next year. Now he is fine.
Don't get me wrong. I think it is insane to charge things on a credit card and not pay off the entire balance when the bill comes due! I just wouldn't want some ladies here to be mislead about credit cards being a bad thing.

*STUCK IN BOX* yes, I do own a home, have plenty of savings and a comfortable safety net in the bank. I never said credit cards were a bad thing, they just aren't for me. There are other ways to get credit - FI has a c/c and we have a line of credit as well with the bank.

SBmini · March 2014

MyNameIsNot said:

I think this is a lie and a scam.

Who is dumb enough to keep that much money in cash laying around the house? And why don't they have insurance? It just doesn't add up.

Oh, and it's still rude to ask other people to pay for your wedding. Even if you got robbed.

They were on the local news. While not an absolute stamp that it is true- outlets tend to vet stories and ask for proof before running something.

And as I remember from when I had to use insurance thanks to a robbery- it doesn't cover cash. Only things you can present receipts for.

cookie0803 · March 2014

I think this is horrible for the couple, but I still would not donate.

ETA I also think it was an incredibly poor choice to have that much cash in their home. Lesson (hopefully) learned.

abbyj700 · March 2014

This SCREAMS scam to me. The guy lost his job and they are paying $6k for flowers? Really? And a florist can't take a check? Or a certified check? And seriously...SCAMMERS.

shaylagirl · March 2014

KatWAG said:

I just noticed that the goal was to raise $6k. They have now raised $7,205. Why is the page still active if they have reached their goal? They can pay their vendors now but I dont think they should turn a profit off this.

Did you see what they plan on doing with the extra?
(Link)

Not only will the couple get to go through with their original plan for an Italian-style wedding at a villa in Sierra Madre, Calif., but now, as the fundraising totals have reached more than $7,000, they're also planning to put the additional funds to good use.

"We're going to use that money that's exceeding to buy a home security system and get a nice safe to put our valuables in it to protect our home from any future problems," said De Santiago.

I posted on the Yahoo page I felt they should take everything over their $6K and donate THAT to a charity or shelter. Because, turning a profit off people's good nature is GROSS.

Also...WTF CASH in the house?!! It makes me nervous when I have a couple hundred in cash on me as it is.

How do we feel about this? (raising money situation)

Re: How do we feel about this? (raising money situation)

Choose Another Board

Search Boards