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Results: Could you live without cash?


42.07% • 69 votes


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164 votes in total.

    • MSE Andrea
    • By MSE Andrea 12th Sep 17, 12:03 PM
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    MSE Andrea
    Could you live without cash?
    • #1
    • 12th Sep 17, 12:03 PM
    Could you live without cash? 12th Sep 17 at 12:03 PM

    Hi everyone!

    The BBC thinks Sweden is coming close to being a cashless society.

    Do you think that would work in the UK?

    Could you live without cash?

    Could your kids? Do they need to learn about all money including coins?

    Do you think it's inevitable we'll eventually go cashless?

    What do you use coins for now that you don't think you could do without if they didn't exist?

    Why Sweden is close to becoming a cashless economy

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    Last edited by MSE Andrea; 12-09-2017 at 12:35 PM.
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    • hazyjo
    • By hazyjo 12th Sep 17, 4:14 PM
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    Went in two pubs the other night, both saying 'cash only' as the machines had broke.

    What then? Close for the night?

    Even the Oyster card machine on the bus doesn't always work - I had a free ride this morning actually.
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    • Gloomendoom
    • By Gloomendoom 12th Sep 17, 4:23 PM
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    No. There still several things that I have to pay for where there is no other alternative, other than a cheque and they are a real pain for all involved.
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    • BBH123
    • By BBH123 12th Sep 17, 4:25 PM
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    I couldnt go cashless easily as I like to budget by taking out the cash I want to spend that week, if it was contactless or card I'd lose track.

    As others have said I have to pay the farrier and hayman in cash as they simply dont have card machines with which to take payment. Our local takeaways also have minimum spend and extra cost to pay by card.

    The excitement when you give some cash in a birthday / Christmas card would also be lost.
    • ManAtHome
    • By ManAtHome 12th Sep 17, 4:25 PM
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    The BBC may suggest that Sweden will be going cashless but five minutes searching suggest that there are a lot of Swedes that don't want to.
    Originally posted by martinthebandit
    With the Swedish Central Bank (Riksbank) rate at minus 0.5% perhaps they've seen some writing on some walls..?
    • moneyistooshorttomention
    • By moneyistooshorttomention 12th Sep 17, 4:34 PM
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    The BBC may suggest that Sweden will be going cashless but five minutes searching suggest that there are a lot of Swedes that don't want to.
    Originally posted by martinthebandit
    Not to forget that some Swedes are starting to get "chipped" personally (ie microchip implanted into them) - so they can unlock doors at work/travel on some public transport/etc.

    There is absolutely zero chance I'd ever let anyone near me with that intention in mind - no matter what the reason/excuse of it making life easier for me. One does wonder whether voluntary "chipping" would go on to become compulsory at some point - in which case I'd want to know how much a private doctor would charge to cut it back out again and put it in a tiny carry-round box (to be carried around only IF and when I personally decided to) and what would happen if that box got lost or stolen?

    Why should our needs override the needs of all other living species? What makes us so special? (Brigit Strawbridge)
    • Serendipitious
    • By Serendipitious 12th Sep 17, 4:39 PM
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    I love cash.

    I like having it in my wallet and I like my pot of coins.

    I'm also convinced that I spend less when I use cash.

    And for children, cash for pocket money is great and as a gift it means more than a giftcard. My grandkids love having their own money.

    I do use my cards quite often, but I get irritated by the inevitable accumulation of card receipts in my bag, whereas a cash receipt can be checked and binned immediately. Bonus.
    “All shall be well, and all shall be well and all manner of thing shall be well.”

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    • hunters
    • By hunters 12th Sep 17, 5:12 PM
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    Only use cash once a week for a lunch date as I need a £1 coin for parking. Everything else is paid using my phone which also gains me cash back I have my spark/joiners bank details and using the app on my phone he is paid before he leaves the house
    Last edited by hunters; 12-09-2017 at 5:28 PM.
    • ConsumerMatt
    • By ConsumerMatt 12th Sep 17, 5:30 PM
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    I could personally. Everything is paid for with my debit card these days. In fact I had 3 £20 notes in my wallet for at least 6 months this year. I forgot the cash was even in there. The only times I've used cash recently was trying to get rid of my odd old style pound coins. It's more often there will be a receipts in the note section of my wallet than cash notes.

    I appreciate it would be difficult for some though. I get paid monthly into my bank account so I'm OK. Others haven't got that luxury or would have to set up electronic payment and encourage customers to use those payment methods (tradesmen for example). Plus you have tourists. Either people that may get ripped off by their bank for overseas card charges or even those from countries where cards aren't the norm. Also what about the travelling community in the UK?

    I think going cash free now would be awkward and cause unnecessary distress. I think it will happen but it's slightly too early. The news from Sweden should probably prompt an extended period of promotion and developments to work towards a cash free future.
    • Savvy_Sue
    • By Savvy_Sue 12th Sep 17, 5:36 PM
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    I could go almost cash free, but in the last week both the local cinema and the emergency dentist have been unable to process card payments - with the cinema it was both online and in person, whereas with the dentist it was a problem with their phones so I could pay by card in person but not over the phone. There was also a problem in the local Coop last night, but not affecting us, the cashier said they'd all been twiddling their thumbs earlier as the tills completely packed up.

    So it's all great, until something goes wrong!
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    • Jamiehelsinki
    • By Jamiehelsinki 12th Sep 17, 6:05 PM
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    I like cash but think the opposite would be good for the country.

    Isn't there a new law on no fees for card purchases coming in soon?

    A few plus points,

    A lot less tax avoidance should mean more tax raised, less benefit claims when working for cash in hand. It would kill the black economy. Drug deals would be more difficult etc. Selling stolen goods would have a paper trail.

    My mum was from Finland so have visited there frequently over the years, they have always been in front of us with debit cards etc. I remember people paying for one drink at the bar with a debit card a very long time ago when we were only using them for big transactions over here.
    • zagfles
    • By zagfles 12th Sep 17, 6:13 PM
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    I use cards as much as possible, but I also frequently use cash because I use local independent shops. It would cost the local bakery and greengrocers a fortune to take cards because most of their transactions are a few pounds. I wonder if Swedish businesses don't have to pay the card fees businesses do here, or whether they have some other alternative that means the profit on a small transaction doesn't get wiped out by fees?
    Originally posted by Hermia
    I think their charges for cash (paying in at banks etc) are similar or higher than card fees. You can get cashback on credit cards in Sweden, only country I know where that happens. (the transaction is put through as a purchase not a cash advance). Here it's rare as it costs the retailer more to process a credit card transaction.
    • mark5
    • By mark5 12th Sep 17, 6:50 PM
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    It would be good if all tradesmen, self employed etc would have to be paid by card, bank transfer etc.
    • boliston
    • By boliston 12th Sep 17, 7:04 PM
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    • 1,991 Thanks
    i was in berlin recently and there they still seem really keen on using cash! quite a lot of eating places are cash only, and apparently they have only just started accepting credit cards on the metro. the uk seems ahead of germany when it comes to being cashless even though everything in germany seems so efficient compared with the uk.
    • coffeehound
    • By coffeehound 12th Sep 17, 7:58 PM
    • 1,246 Posts
    • 2,132 Thanks
    I need to use cash for the bus and for the launderette (still need old pound coins for some of the machines!)
    • borkid
    • By borkid 12th Sep 17, 8:04 PM
    • 1,557 Posts
    • 2,964 Thanks
    I use cards as much as possible, but I also frequently use cash because I use local independent shops. It would cost the local bakery and greengrocers a fortune to take cards because most of their transactions are a few pounds. I wonder if Swedish businesses don't have to pay the card fees businesses do here, or whether they have some other alternative that means the profit on a small transaction doesn't get wiped out by fees?
    Originally posted by Hermia
    Agree with the above and all the small change I get ie copper and 5p go into the charity box on the counter. I suspect this is a good source of income for them.
    • Tigsteroonie
    • By Tigsteroonie 12th Sep 17, 8:47 PM
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    How would the tooth fairy leave their money? An IOU with a credit later to the child's bank account? Talk about sucking the fun out of a loose tooth
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    • globetraveller
    • By globetraveller 12th Sep 17, 8:50 PM
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    So what happens if power goes down?
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    • copperclock
    • By copperclock 12th Sep 17, 8:51 PM
    • 217 Posts
    • 242 Thanks
    Yes, I could live without cash. I barely use any at all.

    I pay my window cleaner by bank transfer on my phone while he's still working.

    I pay my mobile beautician and my hairdresser the same way.

    I pay parking by text.

    I pay one of my children's schools using their online systems. The other one still requires cheques but I am hoping that this will change.

    My tiny local shop takes has no minimum payment for cards (used to)

    I occasionally get a hot chocolate at my evening class, which I pay for with my card or my phone (android pay) if I don't have my wallet on me

    My teenagers rarely use cash either - we transfer pocket money straight into their bank accounts and they either use their debit cards in shops or, more often, to buy things online

    I'd love a completely cash free society.
    • Fireflyaway
    • By Fireflyaway 12th Sep 17, 9:10 PM
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    I like having a few notes in my purse, its reassuring. There have been times that every cash machine I've been to has been down or internet banking doesn't work etc. Good to have cash just in case.
    There are times cash is useful - collections at work / church etc. When you give your child a few pounds to take to the school disco or to put a coin in a trolley!
    • cjdavies
    • By cjdavies 12th Sep 17, 10:57 PM
    • 2,787 Posts
    • 2,792 Thanks
    Collection/sweeps/savings in work.

    My food budget is draw out £100 a month and use that.
    Last edited by cjdavies; 12-09-2017 at 11:01 PM.
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