Carrying hard cash

I use a mix really, whenever I fill the car up, it'll be via card by "pay at the pump" or the weekly shop etc... but I do still carry cash "just in case" not much, maybe around £40/£50.
 
Andrew_McP said:
The main reason for using cash is that banks, governments, retailers and insurance companies would all like it to go away.
Click to expand...

This.

The more they push it the more I will resist it. Quite often now banks don't let you get non wireless cards so the first thing I do with them is get a 2.5 drill and put a hole in them just above the mag strip to sever the induction loop - disables the wireless but keeps every other function ok. I normally try to carry at least £100 with me at all times and I know when the canteen card machine is broken at work when I have a queue of people by my desk trying to borrow some money for lunch.

Just a matter of time before we get a similar scenario but on a national scale, be it hacking/grid failure/bank network falling over and I wonder what we will do as a nation if we have surrendered cash.
 
I only accept cash. If I pay for someone's dinner or lend them some money, I want it back in cash, I can't be bothered checking for bank transfers.

They give me the money, it goes in my pocket, I forget about it, it goes through the washing machine and I find it again, then it's eventually spent.

Thank goodness for polymer notes!
 
MBennett said:
This.

The more they push it the more I will resist it. Quite often now banks don't let you get non wireless cards so the first thing I do with them is get a 2.5 drill and put a hole in them just above the mag strip to sever the induction loop - disables the wireless but keeps every other function ok.
Click to expand...

Why would you go to that much trouble? Just don't use contactless!
 
Next year I believe they are abolishing the card charges - so I'll probably use it for everything then. Absolutely everything. Even 4p beans.
 
Much prefer using cash. Smaller transactions always - independent places like shops, resturants etc especially as my mother in law owned a small cafe and was charged something like 17p for every card payment. That soon adds up!
 
I had a issue the other day with someone trying to spend £1k on ocuk because of this my card was cancelled and replaced, i transferred some money around and someone got me enough money for the week out. It felt so wrong carrying cash. I had £6 left in my pocket ended up giving it to charity just to get it off my person.

I would say it felt nice giving to charity, but it certainly was nicer getting rid of that **** out of my pockets.
 
Still carry a few quid but 99% of the time its tap card or phone to pay. Also if we go out for drinks I like to take a fixed budget out and try not to go over so I generally withdraw the cash. :)
 
When I was first setting up my company, money was really really tight, and we felt that we budgeted better if we dealt with cash. It was more tangible and easy to work out how much we had left.

It is a habit that my wife still uses to this day (unfortunately the logistics of this are less user friendly and it requires one of us to go down to the bank and withdraw it).

In India cash is king, and pretty much everything here is dealt with in cash (including the sale of property sometimes!), so my wife's habit still works well here.
 
You must log in or register to reply here.
Back
Top Bottom