Going Cash

kah22

Cash seems to be outdated, everyone seems to be paying by their tapie friend or their smart phone, including me; but hopefully no longer.

'I'm sure there are stats floating about whether you win or loose by using a card I have to be honest and say my phone was my bank; I bought everything with my phone, right down to a pint of milk. When the card is in your pocket it's soooo easy to pop into your local cafe for that early morning or afternoon fix
How many here have went cash on their day to day living outlay, I'd love to here

Rosa_Damascena

I would struggle to use cash these days - to the extent that I got rid of my wallet in favour of a credit card holder, and use the money clip for receipts - so am watching this thread with interest!

Sg28

You would struggle to go all cash. Annoyingly many places no longer accept it. 

elsien

I prefer to use cash where I can for daily food, shopping, et cetera and when it’s gone it’s gone. Using a card isn’t like spending real money and makes it easier to overspend.

amanda1024

I have loads of foreign currency because every time I go abroad I’m convinced that I’ll need cash, even though I spend <£100 in cash each year. I can’t see that changing…

njkmr

credit card for most things these days. Pay off at end of month. I sometimes have a tenner in my phone wallet but it can be there for weeks on end. Cant remember last time i went to a hole in the wall for cash withdrawal.

Gem-gem

I use both cash and credit card. If I am using a charity shop I use cash. For small purchases I use cash. If I want to set a budget, once again I use cash. For everything else I use my credit card and pay IN FULL. 

My DH uses cash all the time unless he is booking a train ticket online. He has been known to walk out of a shop / pub if they say card only. 

My DH says that if we all use electronic payments then the banks could impose negative interest rates if they want you to spend your hard earned sayings. 

On a plus point though, no one could evade tax if it was electronic only (you would hope).

Time2count

I do my day-day spending in cash, if a shop won't take my cash I go elsewhere.
I take £100 out every 3 weeks, anything left in my purse at the end of that goes into a jar in the kitchen. When the jar reaches £20 I withdraw £80 on my next cashpoint visit and so it continues.
I do take a card out with me too, if I saw an incredible bargain on something we use and will last/ freeze I want to be able to get it!
Personally although I check my bank account daily I just couldn't handle using virtual money. I used to work in a bank and would make the other girls laugh come payday as I'd want specific withdrawals eg 2 x £20, 4 x £10, 4 x £5,  and various coins etc. They thought I was a right old woman but that way I could divvy up the dosh. These days I don't have time to travel to a bank that opens on a Saturday so I stick with my note withdrawal and use the self service tills to get my change!
I also naively think I'm doing my small bit to prevent us going entirely cashless, although am aware I am likely just delaying the inevitable.

weenancyinAmerica

I'm concerned about what we will lose if we have a cashless society.

The first problem will be the end of boot sales, and selling items at home from your yard. You won't be able to have charity sales of pins like the Red Cross did. You would have to apply for a credit card use at home and the government will be able to keep track of everything you sell from home. 

The other problem is that the government will be able to check every purchase you have made. If you are buying by credit, it is all recorded. Forget privacy. We had a grocery store being sued by someone injured in the store bring up what that someone had bought at the store ( a bottle of liquor) when they were fighting the claim. Tried to claim it showed the person could probably had been under the influence when they fell in the store. So I know it could happen. They can already access all of your emails and social media.

They could also control what stores and companies are allowed to remain open by cutting off their ability to take credit cards. We have someone running for president here that might do something like that. The threats have been there.

Lumiona

Cashless works for me. I don't really see the benefit of paying by cash unless for budgeting reasons, which can also be done through virtual pots in some bank accounts.

With regards to privacy, there isn't really much of that left in modern society unless you are are mountain cabin living hermit. 

Money sat in my purse isn't doing anything for me whilst money sat in my bank is earning interest and payments made on my credit card are earning me cashback and a small bit of interest on the delay of payment.

Lumiona

Mainy my fear is holding a lot of cash and losing it or having it stolen.