AdventureMan and I are not even typical of our generation. Living overseas, living in so many countries, we just got used to paying in cash. In our early years, even countries like France had more places that didn’t take credit cards than places that did. When it comes to buying gas in France, you’d better have a bucketful of cash 😉
But even those in our generation tend to pull out their credit cards for meals out, so this week AdventureMan asked wait staff percentages of who paid cash and who paid with cards. The most common answer was around 85% paid with a card.
I can understand. The restaurants/stores don’t have to keep as much money on hand for change, so it is easier on them, and those who pay with a card can track their expenses. Part of me laughs and says I think we don’t want to track our eating-out expenses, and another part thinks that because we pay cash, we probably don’t indulge in extras so often, which, for us, is a good thing. If we have dessert, we normally split it.
I do remember how wonderful it was to be able to pay all the tolls on the toll roads in France with a credit card, how wonderfully easy it was to use my credit card and the ATM’s in Kuwait and Qatar and Saudi Arabia – for some reason, it was like they were years ahead of the USA in banking technology, and banking by phone. But even there, in the smaller shops, you needed cash.
Hey, millennial! Yes, you there, standing in line at the Starbucks (SBUX) counter, tapping away on your smartphone, with the button-like doodads growing into your earlobes — put away that debit card.
No, don’t worry. No one’s going to nag you about buying a cup of overpriced coffee. We all have our vices. And you’re still basking in the fresh glow of youth. At least your vices won’t hurt you as much as they’d hurt us old codgers.
But the way you’re buying your coffee — you’re doing it wrong. And you’re not alone.
Paper or Plastic?
According to a recent survey by CreditCards.com, only about 1 in 3 American consumers currently uses a plastic card — credit or debit — when buying something that costs $5 or less. Most folks still pay with cash for such small purchases, with folks ages 65 and up having the greatest fondness for paying with greenbacks (82 percent).
But when it comes to the Millennials, 51 percent use plastic to pay for such purchases.
There’s only so much cash that will fit in your wallet, and if you limit yourself to paying in cash — you eventually run out. Old folks like me, whose memories aren’t what they used to be (and maybe never were), like this “automatic” check on spending. And as a result, CreditCards.com reports that the older a consumer is, the more likely he or she is to pay for small purchases in cash than to pull out a plastic card.
Not All Plastic Is Created Equal
Among plastic cards, nationally, consumers are about twice as likely (22 percent) to use a debit card to pay for a small purchase as to put the purchase on credit (11 percent). When the data is broken down by age group, it turns out that millennials are even more fond of debit cards than the average shopper. Consumers ages 18 to 29 use debit cards more often than any other age group when making small purchases.
But here’s the thing: Debit and credit cards may be nearly equal in their convenience of use when shopping for small items (eliminating the need to carry weighty pockets, jingling with unwanted coins). But they’re not at all equal in the financial benefits they convey to a consumer.
To cite the most obvious example, credit cards often offer you “rewards” for using them. With card companies charging retailers fat interchange fees for every transaction they process, they can afford to pay you generously when you “choose plastic.” Airline miles; “points” redeemable for cash back, account credits, merchandise, and gift cards; and just plain cash-back offers, as high as 5 percent, all make the choice between credit and debit a bit of a no-brainer. (Granted, some debit cards offer rewards of their own — but they’re rare, hard to find and usually much less generous.)
But rewards are only the most obvious monetary benefit of choosing credit over debit. Consider: When you pay for a purchase — large or small — with a debit card, that money is almost immediately deducted from your account.
What Warren Buffett Thinks
In contrast, a charge placed on a credit card is a debt that doesn’t come due — and needn’t be paid — until your credit card bill is sent to you. Depending on the date of purchase and the due date on your credit card bill, you may not have to pay that bill for as long as a month — which means you may be able to hang on to your money, and collect interest on it at your bank, for that time. (Super-investor Warren Buffett calls this concept of using someone else’s money, and collecting interest on it for your own benefit, “free float,” and deadpans that his business partner “Charlie and I find this enjoyable.”)
Granted, with the ultra-low interest rates that banks are paying on checking accounts these days, free float isn’t as profitable as it used to be — probably only pennies per credit card billing cycle. But still, free money is free money. Are you going to turn it down because you’re not being offered enough free money?
Of course, you do need to remember to pay your credit card bill on time, so as not to get hit by late fees. But as long as you can manage that, a credit card isn’t really a card you use for taking out long-term credit at all. It’s a pay-once-a-month debit card — that pays you free money every month.
The High Cost of Not Buying on Credit
Another advantage: CreditCards.com quotes Martin Lynch, director of education of the Cambridge Credit Counseling Corp. of Massachusetts, noting that “debit cards … can’t be reported to the credit bureaus and, thus, they don’t build [up] credit [ratings].” Building up a strong credit rating is crucial to a young person looking to buy his or her first car or to secure a mortgage on a starter home.
Getting charges and on-time payments, onto your credit report — to establish a track record as a reliable borrower — is therefore a good thing. It’s something you want to do as often as possible, and using a credit card to pay for small purchases is a great way to build up your credit report quickly.
Melinda Opperman, senior vice president of community outreach at Springboard Nonprofit Consumer Credit Management Inc., another expert interviewed by CreditCards.com, echoes the sentiment: “We like the idea of using credit cards frequently for small, manageable expenses. This gives users the benefit of an active credit history, but leaves them with monthly bills that are small enough to pay off in full, so they don’t have to pay any interest.”
Suffice it to say, any idea that’s supported by professional credit counselors, and by the world’s third richest man, is one that millennials would be well advised to take to heart.
Motley Fool contributor Rich Smith has no position in any stocks mentioned, and hasn’t used a debit card in years. The Motley Fool recommends and owns shares of Starbucks. To read about our favorite high-yielding dividend stocks for any investor, check out our free report.
One of America’s best streets just got better with the addition of another great eating adventure as Khons Asian Bistro on Palafox opened a month or so ago with Asian fusion cooking. While most of the diners there were ordering sushi, we opted for the miso soup and hot plates. The waiter particularly likes the fried rice dish, which we considered, but ended up ordering the Cambodian chicken, me in lettuce wraps and AdventureMan with rice.
When our main dishes arrived, he grumped – just a little – because he paid three dollars more, and the only difference was that his lettuce was chopped, and he got rice.
“I paid three more dollars for rice” he mourned.
Not for long. The food was delicious, all the tastes fresh and tasty. Just enough spice. In fact, while I really like spicy, I got a hunk of jalepeno in my soup that nearly took my breath away. Our very helpful waitress said next time she would personally make sure that all the seeds were removed. I don’t mind spicy; this just caught me by surprise.
What I love, in addition to the fresh, healthy, tasty food, is the interior. Khon’s uses a deeply greyed blue, very undersea feeling, and silver. Even the chairs (which are comfortable) have silver seats, and that piqued my sense of fun. I love the scaly backdrop behind the sushi bar; the suggestion of a fish tail. We really enjoyed the entire experience, and we are glad they are there and doing so well. They have a brisk lunch crowd, so get there early.
Today is a day to make the heart joyful. Yesterday, we had thunder and lightning, so much that my water aerobics class was cancelled and I made that drive for nothing. Even when the sun came out, hours later, there was so much water soaked into the ground, the evaporation made it feel hotter than it really was.
The best part of the whole day was knowing we were headed to the opening of the Ballet Pensacola Season last night.
Who knew when we came to Pensacola that there would be so many fun things to do? And that we would have the time to try them all? Pensacola has an Opera, a Symphony, many many parades, some kind of fest, normally featuring seafood and/or art, and sometimes also the sugar white sands, wine and/or rock bands almost every month, AND the Ballet Pensacola.
Nothing about the Ballet Pensacola is ordinary. Ballet Pensacola has a husband wife team, artistic director Richard Steinart and his wife Christine Duhon, the ballet mistress, who also does the costumes. Her costumes are often spectacular. Lance Brannon does the sets which are are often minimalist and always wonderfully creative. You know public arts are almost totally public and community supported, you know they must have a tricky budget to work with but the sets and costumes are wondrous to behold.
We were debating whether The Headless Horseman would be a good ballet for our four year old grandson. AdventureMan thought it might be scary. There is a witch, a wonderfully convincing witch. There is a guy with no head. There is a skeleton horse. I countered that he sees worse on his cartoons with Spiderman and BatMan and whoever those heroes are that “Assemble!” The Headless Horseman is a lot of fun; it even looks like the dancers are having a lot of fun with it, and of course, there is this incredible skeleton. We leave our evenings at Pensacola Ballet delighted.
One of the things we love about the ballets this team creates is that it isn’t easy to get most men to love ballet, but many of the ballets they do have appeal to men – The Matrix, Dracula – they are not dainty ballets, but strong, dramatic ballets. In addition, they are, as I said, a lot of fun. When we offer up tickets we can’t use to our son and his wife, they jump at the chance. I want to make Nutcracker an annual event, but I recognize that if I want grandchildren who will love the dance, I will be likely to take them to some of this stronger stuff. We already have an extra ticket for Ali Baba, coming up in the Spring, so our grandson can come with us.
It was still warm when we left the theatre, but this morning it is like we are living in a different place.
The air conditioner is OFF! The windows are open! Fresh clean air is flowing through the house, the sun is shining without wilting anything, and, thanks to yesterday’s rain, the entire world looks fresh and clean and welcoming! The fun times begin in Pensacola, the cooler weather has arrived!
The service was excellent at the new Cactus Cantina, located just across from the airport in the old Verona’s restaurant location. The parking lot was packed and the restaurant was hoppin’! The menu has most of the standard Mexican dishes, and the feel is sort of chain restaurant.
The food on the other hand, was a wonderful surprise. I ordered Carne Asada, and when it came, it was ginormous, huge, but it was a lot of very good, lean steak and a LOT of grilled onions and peppers, and there was so much that I took half home and still felt stuffed.
The guacamole was expensive, but there must have been three cups of it, and it was very very good, served in a molcajete, and full of nice chunks of avocado. We also took about two thirds of the guacamole home, there was so much.
This is the interior of the Cactus Cantina:
This is the guacamole:
My carne asada:
AdventureMan’s tamale combination:
Sides with carne asada:
On the whole, not bad at all. There are a lot of Mexican restaurants in the area, and this is another one, a very good one, but nothing that raises it high above the crowd.
It sounded like so much fun when I was 15 and living in Germany, going to a beer fest, drinking beer, sitting in the big fest tents and laughing and drinking and eating wursts and listening to the ooompah band. By the time I was 18 and graduating, I’d been to a fest or two, and was pretty much over it. I’d probably seen a fest or two and a beer or two too many. AdventureMan and I were trying to remember the last beer fest we had been do and we think it was the year we were married (LOL, a LONG time ago) with his military unit.
But . . . it must the the changing light. When I saw Wursts in the commissary, I bought a pack (we NEVER eat wursts, but . . . it’s October. Could not resist . . . )
I mixed up a very strong curry sauce, using the last of some Kashmiri curry I had brought back with me from Kuwait on my last trip, and we each savored our lone curry wursts with a brotchen. Our own little OctoberFest 😉
There is a new restaurant in Pace/Milton, there only a few months, and the flavors are south-of-the-border, without being Mexican. The owner is American, married to a Colombian woman, and she and her mother do the prepping and all the cooking, every day, and it is all fresh, fresh, fresh.
The tastes are fresh, too. Lots of vegetables, and fresh presentation.
The front of the menu:
This is what it looks like from the outside. It is in a small strip mall, just off highway 90:
This is what it looks like on the inside – very very clean and well kept:
They understand some of the food is a little strange for us, so they have explanations and photos on the walls:
I particularly love the designation for the ladies’ room 🙂
Now for the downside. AdventureMan and I each had different soups, both very different from one another and both delicious. Mine was more stewish, and his was more light. Then we split a main meal; it had like eight different items on the plate (we were so glad we decided to share!), things like roasted plantain and other veggies, pork, beer and rice. The downside is that we were so busy exclaiming and sampling that . . . I forgot to photograph the food. What was I thinking????? If you want to see some of the wonderful foods for yourself, check out their FaceBook page.
Our grandson is back in swimming lessons, and I have to admit, it is one of my favorite things to do with him. I get to pick him up at school and get him ready, then shower him down and take him home. During all that we have the most amazing conversations, and we laugh a lot, too. Yesterday he did something new, something he called “bicycling in the water” that we used to call “treading.” He had never done it before, and he was good at it. There are days when you are greatly blessed, if you only have the eyes to see it.
AdventureMan and I are having too much fun! We are in the midst of planning two smaller trips, and one larger trip. We call back and forth from office to office – “Have you looked at this place? It gets great reviews!” or “You could book that motel where I stayed when I went there with the birding group!”
The first trip we will take will be in conjunction with a conference AdventureMan will attend, and then we will head on into the southwestern wilds of Louisiana, tracking the Cajun Nature Trail, ending up in Houma after several days. We love knockin’ around with our binos and cameras on the backroads, love the moodiness of James Burke Country, True Detectives, the pure idiosyncratic nature of southern Louisiana.
The next trip will be in the other direction, back to a birding area through which the birds travel south when winter sets in.
The third – back to France! Wooo HOOOOOO!
Fall is kicking in in Pensacola, AdventureMan is out mulching and trimming up the garden, taking out a summerload of weeds, and I am grinning at a lowering utility bill. Even a few degrees difference make a giant reduction in the need for the A/C. I am smiling more; the humidity is lifting and I can feel cool temperatures around the corner. My favorite time of the year!
The Islamic State of Iraq and Syria (ISIS), now threatening Baghdad, was funded for years by wealthy donors in Kuwait, Qatar, and Saudi Arabia, three U.S. allies that have dual agendas in the war on terror.
The extremist group that is threatening the existence of the Iraqi state was built and grown for years with the help of elite donors from American supposed allies in the Persian Gulf region. There, the threat of Iran, Assad, and the Sunni-Shiite sectarian war trumps the U.S. goal of stability and moderation in the region.It’s an ironic twist, especially for donors in Kuwait (who, to be fair, back a wide variety of militias). ISIS has aligned itself with remnants of the Baathist regime once led by Saddam Hussein. Back in 1990, the U.S. attacked Iraq in order to liberate Kuwait from Hussein’s clutches. Now Kuwait is helping the rise of his successors.As ISIS takes over town after town in Iraq, they are acquiring money and supplies including American made vehicles, arms, and ammunition. The group reportedly scored $430 million this week when they looted the main bank in Mosul. They reportedly now have a stream of steady income sources, including from selling oil in the Northern Syrian regions they control, sometimes directly to the Assad regime.
But in the years they were getting started, a key component of ISIS’s support came from wealthy individuals in the Arab Gulf States of Kuwait, Qatar and Saudi Arabia. Sometimes the support came with the tacit nod of approval from those regimes; often, it took advantage of poor money laundering protections in those states, according to officials, experts, and leaders of the Syrian opposition, which is fighting ISIS as well as the regime.
“Everybody knows the money is going through Kuwait and that it’s coming from the Arab Gulf,” said Andrew Tabler, senior fellow at the Washington Institute for Near East Policy. “Kuwait’s banking system and its money changers have long been a huge problem because they are a major conduit for money to extremist groups in Syria and now Iraq.”
Iraqi Prime Minister Nouri al-Maliki has been publicly accusing Saudi Arabia and Qatar of funding ISIS for months. Several reports have detailed how private Gulf funding to various Syrian rebel groups has splintered the Syrian opposition and paved the way for the rise of groups like ISIS and others.
“The U.S. has made the case as strongly as they can to regional countries, including Kuwait. But ultimately when you take a hands off, leading from behind approach to things, people don’t take you seriously and they take matters into their own hands.”
Gulf donors support ISIS, the Syrian branch of al Qaeda called the al Nusrah Front, and other Islamic groups fighting on the ground in Syria because they feel an obligation to protect Sunnis suffering under the atrocities of the Assad regime. Many of these backers don’t trust or like the American backed moderate opposition, which the West has refused to provide significant arms to.
Under significant U.S. pressure, the Arab Gulf governments have belatedly been cracking down on funding to Sunni extremist groups, but Gulf regimes are also under domestic pressure to fight in what many Sunnis see as an unavoidable Shiite-Sunni regional war that is only getting worse by the day.
“ISIS is part of the Sunni forces that are fighting Shia forces in this regional sectarian conflict. They are in an existential battle with both the (Iranian aligned) Maliki government and the Assad regime,” said Tabler. “The U.S. has made the case as strongly as they can to regional countries, including Kuwait. But ultimately when you take a hands off, leading from behind approach to things, people don’t take you seriously and they take matters into their own hands.”
Donors in Kuwait, the Sunni majority Kingdom on Iraq’s border, have taken advantage of Kuwait’s weak financial rules to channel hundreds of millions of dollars to a host of Syrian rebel brigades, according to a December 2013 report by The Brookings Institution, a Washington think tank that receives some funding from the Qatari government.
“Over the last two and a half years, Kuwait has emerged as a financing and organizational hub for charities and individuals supporting Syria’s myriad rebel groups,” the report said. “Today, there is evidence that Kuwaiti donors have backed rebels who have committed atrocities and who are either directly linked to al-Qa’ida or cooperate with its affiliated brigades on the ground.”
Kuwaiti donors collect funds from donors in other Arab Gulf countries and the money often travels through Turkey or Jordan before reaching its Syrian destination, the report said. The governments of Kuwait, Qatar, and Saudi Arabia have passed laws to curb the flow of illicit funds, but many donors still operate out in the open. The Brookings paper argues the U.S. government needs to do more.
“The U.S. Treasury is aware of this activity and has expressed concern about this flow of private financing. But Western diplomats’ and officials’ general response has been a collective shrug,” the report states.
When confronted with the problem, Gulf leaders often justify allowing their Salafi constituents to fund Syrian extremist groups by pointing back to what they see as a failed U.S. policy in Syria and a loss of credibility after President Obama reneged on his pledge to strike Assad after the regime used chemical weapons.
That’s what Prince Bandar bin Sultan, head of Saudi intelligence since 2012 and former Saudi ambassador in Washington, reportedly told Secretary of State John Kerry when Kerry pressed him on Saudi financing of extremist groups earlier this year. Saudi Arabia has retaken a leadership role in past months guiding help to the Syrian armed rebels, displacing Qatar, which was seen as supporting some of the worst of the worst organizations on the ground.
The rise of ISIS, a group that officially broke with al Qaeda core last year, is devastating for the moderate Syrian opposition, which is now fighting a war on two fronts, severely outmanned and outgunned by both extremist groups and the regime. There is increasing evidence that Assad is working with ISIS to squash the Free Syrian Army.
But the Syrian moderate opposition is also wary of confronting the Arab Gulf states about their support for extremist groups. The rebels are still competing for those governments’ favor and they are dependent on other types of support from Arab Gulf countries. So instead, they blame others—the regimes in Tehran and Damascus, for examples—for ISIS’ rise.
“The Iraqi State of Iraq and the [Sham] received support from Iran and the Syrian intelligence,” said Hassan Hachimi, Head of Political Affairs for the United States and Canada for Syrian National Coalition, at the Brookings U.S.-Islamic World Forum in Doha this week.
“There are private individuals in the Gulf that do support extremist groups there,” along with other funding sources, countered Mouaz Moustafa, executive director of the Syrian Emergency Task Force, a Syrian-American organization that supports the opposition “[The extremist groups] are the most well-resourced on the ground… If the United States and the international community better resourced [moderate] battalions… then many of the people will take that option instead of the other one.”
My third year in Pensacola, I got a huge shock. My water/sewage bill jumped, jumped horribly. I knew we had used a lot of water in October and November of the previous year, because we had installed some new landscaping in October which needed watering in, but I had no idea why EVERY month my bill was so high.
Then the fourth year, the bill came and it was so low, I called and said “I think there has been a mistake.” I didn’t want to be getting a huge bill the next month to rectify the mistake. The wonderful customer service woman asked me if I didn’t know about “averaging.” No. I’m new. I don’t know about averaging, and I have never heard anyone talk about it.
She explained that in November, December and January, they average water use and then use it to estimate the sewage bill for the entire year, since they can’t separate water used for watering lawns and water used that goes into sewage. Most people, she explained, turn off their outside water around November. Evidently, horrified by my huge bills resulting from watering in the landscaping, I had been extremely careful in the last year, and was greatly blessed with much smaller water bills.
As it turns out, it’s not just new people who don’t know about “averaging.” There are a lot of people who have lived here their entire lives who don’t know about it either. Last year, aware of averaging, I watched for the announcement, which wasn’t really an announcement. In the ECUA newsletter, buried deep in one of the columns, was a mention that averaging would begin in November, depending on your billing, on or around the middle of November.
You can call ECUA Customer Service (850-476-0480) and find out close to when your meter is checked in November – for you, that is when averaging starts. Averaging runs November – December – January and measures how much water you use and uses that to compute your sewerage amount. If you are careful about your water use in those three months, you will lower your water bill for the entire year.
It’s still hot, hitting the nineties, but something is changing. You can see it in the angle of the sunlight, especially at sun rise and sun set, the directions have changed, the angles have changed, and the colors are richer.
Time to harvest the basil. This is not my garden, nor my basket, nor my garden, but the resemblance is uncanny, and this is a great photo for illustrative purposes.
We grow a lot of basil, pots and pots of basil. After early church, I hit the pots with my garden shears. I trim off all the little flowers on top (I’ve been doing this all summer, but I never seem to keep on top of it) and then I trim back the branches, laden with basil. I have an entire basket full of Genovese, which, after picking off the leaves, washing them and spinning them dry, come to 12 cups of basil.
Doesn’t everything go better with a little pesto? I love to smear a little on my BLT’s, I love to pop a spoonful into a soup, and oh my holy tomato, basil pesto on pasta, to die for. I know what I want to do, but I want to be sure I get proportions right, so I go to The Silver Palate Cookbook, it came out years and years ago and has a lot of basic but really really good recipes. So, how old is this cookbook? When I was looking at the Pesto page, there was a box that said “Pesto – the quiche of the ’80’s” or something like that which implied pesto was the newest, most wonderful thing – in the ’80’s.
“????” I thought.
Isn’t pesto one of those classics? Maybe it’s because we frequented Italian restaurants when I was going to high school in Germany, but I remember pesto. It’s not like quiche (which, by the way, is my grandson’s favorite thing), it’s no passing trend, pesto is classico!
I made all the batches with garlic, lots of garlic, about triple what the recipe calls for, and I roasted it before I tossed it in. One batch I made with almonds, one batch with sunflower seeds and the last batch with my all time favorite, walnuts. I labeled little snack bags, put globs of pesto in them, sealed them up, put them all in one big gallon sized plastic bag and sealed that up and put the whole lot in the freezer, to pull on on those days when I need a pop of flavor and a taste of the long hot summer.
Here is my variation on the Silver Palate recipe:
Basil Genovese Pesto
4 cups basil, packed, washed, dried in salad spinner (or whatever) still fresh and green
8 – 12 cloves garlic, peeled, roasted
2/3 cup really good olive oil
some salt and some pepper. The best thing is coarsely ground salt and coarsely ground pepper that you’ve ground yourself.
about 1/2 cup nuts. Pine nuts are classic, as are walnuts, but pesto is one of those dishes with a lot of variation based on what God’s great earth hath provided. I don’t even measure the nuts, just eyeball it. I used walnuts, almonds, and sunflower seeds in separate batches.
In a nice large food processor, put in nuts, garlic, salt, pepper, oil and then pack in 4 cups of basil. Process until you have a gritty ball. You won’t be able to see any leaves, but you will be able to see specks of white. Spoon into freezer containers in usable amounts and freeze.
Here There and Everywhere 