Cashless Society?

Well I suppose that the decision to not sell for cash is up to them and they have the choice. Some businesses do not take card.

I somehow doubt that cash will go out of fashion anytime soon but the day will no doubt come. I am sure the resistance will come from the current older age group but as they move on the idea of a cashless society gather momentum and I expect that electronic payment systems will overtake the use of cards which in turn will become a thing of the past?

David

I am sure the resistance will come from the current older age group.

There are some things where cash is the obvious, simple answer.

Garage spends half an hour doing me a favour and refuses payment. I pass the chap a tenner and say treat the grandkids as he has done me a number of similar favours over the years.

Drop my youngest off at a chippy whilst I wait with the car and grandkids 'here pet take it out of this'.

Neighbour owes me for some stuff ordered online or I owe him for paying for grass cutting/window cleaning. Quick phone call, meet at the wall and square up.

I knock a motorbike off its stand. Cost of damaged part £30. I apologise and give him £75 (my wallet was running low).

Drop some money into a collection box.

Throw some cash into the pot after dining out with friends.

Christmas box for window cleaner.

Did you leave out, standing on the hotel balcony you throw some loose change to the waiting crowd below.

I knock a motorbike off its stand. Cost of damaged part £30. 

That must've been a while back ...... it's usually £400/£500 to just knock a bike over these days by the time you've repaired/replaced any panels.

Paying over with cash is a good way to check spending, I feel if we lose sight of real money we'll have more debt problems (presumably the banks have a few debts so they're removing their banks to avoid any customer contact at all.....)

I hardly ever use cash these days.  The only time I get cash is when someone hands it to me.  I hardly ever take out cash from a machine.  I do nearly everything by debit card or by Android pay.  It's got to a stage now where no-one tries to sell me a raffle ticket as I've never got the money... 😀😆.

David

I have all my accounts organised in a computer programme which I have the Android version on my phone.  If I go to Asda (or the like), the first thing I do when I get back to the car is add the spend to my account on the phone.  I've even been known to update my account as I walk around town. The computer programme deals with Direct Debits and Standing Orders automatically.

We do a similar thing with our diaries as well.  If I'm at a meeting and a date comes up, I enter it in the diary and Carol can see it straight away, automatically at home.

David  

Brue you echo my fears. I do use debit and credit cards (paid off in full monthly) as well as cash. I always take my receipt and keep an account book recording spending - sad I know but also quite interesting to look back at outgoings over 40 years, nothing in the way of household costs have reduced 😉. I then balance my bank statement to my book and when it does I throw unwanted receipts away. I do similar with the credit card. By doing this I feel in control of my finances. If you have a purse/wallet full of cash you can see and count at a glance whether you have enough money for the amount of month left.

I am amazed nay gobsmacked at the folks who just wave their cards for small amounts (they mount up quickly) and don't take receipts. So many folks I worked with over the years never check bank or credit card statements 😲.

If I handover cash I count my change 😉 and I can tell you how much my bill was as I walk out the door. If I've done a bigger shop and pay be card I glance at the amount to check it agrees with till figure if necessary, PIN take receipt and out. Ask me as I walk away how much my bill was and you'll be greeted with a blank stare and mental scrabbling.

I can only see it increasing personal debt levels,  perhaps that what those in charge are hoping for - vast profits on the interest, deep misery for individuals. There is nothing tangible it's all virtual. 

I always ask for receipts Bakers2.  It certainly has not caused me to have debt - I always keep credit cards at zero and only ever use them for convenience - e.g. I use a Halifax credit card for ordering music from the USA as I avoid extra charges.  No problems with reconciling my accounts.

David