Contactless Payments

Rose_Crow

I'm with rach_k on this one. I'm 33 (if that makes a difference) and do all my banking online. I use contactless for basically everything and can check my balance and transactions straight away on my phone. Cash just disappears without a trace but contactless gives me a record of everything. I don't spend more just because it's contactless as my account balance is just staring at me on my phone whenever i login to internet banking (usually multiple times per day).

trailingspouse

I'm contactless all the way. And at the end of the month when I get the statement I go through it and mark off on my spreadsheet what's been spent on what. If I just used cash I'd have to faff on with receipts.

I don't have 'food' as a separate item on the spreadsheet - I just have 'supermarket'. I know that not all of my supermarket spend is on food as I also buy toiletries, cleaning products, clothes etc - but it's still a good gauge of my spending habits.

There are a few places where they only take cash - our cattery being the most annoying. Our last bill was for 2 cats for 3 weeks. That came to £375, which is above the daily withdrawal limit. Don't really understand why they don't take cards - just from a security point of view, having large sums on the premises isn't wise.

mumf

Its all about what works for you.For the first time ever,I get paid cashless.My wife moves money where it has to be,and draws cash each week,our disposable income,and thats how we roll.I use a debit card if I have to,but I like cash.

LameWolf

It does strike me that most of the people who readily embrace contactless have a smartphone with their bank's app on it to help keep track. Maybe that's where the main "dividing line" is?

No way I'm getting a smartphone though - I have no desire for one (I loathe touchscreens with a passion for a start) and I couldn't afford the outlay even if I wanted one.

gettingtheresometime

The number of contactless cards whilst walking the dog is really scary- if I was a less than honest person I could have had a field day.

I've just signed up for a loot card & transfer a set amount each week. I can see how much I have to spend daily & if I've any money left over at the end of the week, I transfer it to my savings pot.

I've always thought that you think more about what you're spending if you pay by cheque, followed by cash and then card (supported by pin) and then contactless card.

suki1964

LameWolf wrote: »

It does strike me that most of the people who readily embrace contactless have a smartphone with their bank's app on it to help keep track. Maybe that's where the main "dividing line" is?

No way I'm getting a smartphone though - I have no desire for one (I loathe touchscreens with a passion for a start) and I couldn't afford the outlay even if I wanted one.

Whilst I have to agree that having an app on a phone makes online banking instant, if I didn't have a smartphone Id just use the online banking via my laptop or desktop

Just having a smartphone allows me to use my break time in work to do those five minute jobs like checking my account, paying bills etc

flubberyzing

I tend to vary... At the moment I'm keeping a tight lid on my finances and paying cash for most things. But that's because I find it easier to manage my spending when I know I've only got X amount in my purse.

Fuel is still paid on contactless, but only because the pumps at my petrol station do "pay at pump" as an option, and it's quicker than then having to go into the shop.

I do always take receipts because I scan them onto the Receipt Pig app on my phone, and although it takes months and months to save up, eventually you can earn Amazon vouchers.

klew356

It even upsets me if I have t go in and pay someone for petrol these days, pay at the pump all the way. Contactless doesn’t make me spend anymore at all – its just easier