Cashless society ?

[Antony Moxey]

craigjm said:

technodup said:

craigjm said:

How is not taking your cash out of your pocket any different to just not taking your contactless card out of your pocket?

There's something psychological about actual cash. Being able to touch it, count it, hold it rather than spend it.

Cards, whether credit or debit seem to suppress the 'realness' of the money. It somehow seems a step removed from actual currency.

Of course I get that but it’s only short term psychological trickery... you can achieve the same thing by training yourself that the plastic chunk is cash or that you have to check your internet banking app before each purchase etc.

Which makes using cash easier.

[CanAm]

craigjm said:

I’m not saying you should I’m just saying that anyone doing such a thing is just fooling themselves and they can do that in a cashless way too if they wish (or they could just behave like an adult )

Yay 20p.... back in the days of cash that would have got you a decent penny sweet mix

And nowadays it won't even buy you a Penny Arrow Bar.

[egomeister]

technodup said:

Cards, whether credit or debit seem to suppress the 'realness' of the money. It somehow seems a step removed from actual currency.

Perhaps its the subconscious realisation that when you pay by (debit) card all you are doing is reducing the amount of money you have lent the bank?

[technodup]

craigjm said:

I’m not saying you should I’m just saying that anyone doing such a thing is just fooling themselves and they can do that in a cashless way too if they wish (or they could just behave like an adult )

I know they are, but I believe the disconnect between the card and the actual money is one reason we as a country are in so much personal debt.

[bigdog3]

technodup said:

know they are, but I believe the disconnect between the card and the actual money is one reason we as a country are in so much personal debt.

I reckon the reason is greed

Anyway what is wrong with managed debt? For instance, mortgages stimulate the economy - there wouldn't be much building trade without them.

[Spare tyre]

technodup said:

ome people clearly can't (or don't want to). And who checks their app before every payment ffs, that would take longer than paying in cash, and we're told cards are all about speed and efficiency.

I paid in cash at Sainsburys machine today, and there was 20p in the tray before I started. If I'd paid with card I might not even have looked at the tray, so wouldn't be 20p richer.

I always check the tray, out whatever is left behind in the machine then pay the rest by card

In fact that’s how I get rid of all my fiddly change

Our local Tesco used to have a hopper to dump your shrapnel in, it’d Count it up for you. They then fitted a wedge into the hopper so you had to hand feed the coins m. Guess they don’t want to deal in cash

I have also noticed that they always give you change in those machines in smaller denominations than necessary, I guess they don’t want all the bulk

[ruggedscotty]

Dixy said:

The banks are hart broken that they have there snouts in every transaction.

So you want it free ?

[The Mad Monk]

J4CKO said:

The Mad Monk said:

J4CKO said:

Used a twenty to get some drinks at a pub, only because had a load of cash I was trying to get rid of, I didnt tip as the guy was a right grumpy bd, the White Eagle in Rhoscolyn for reference, not exactly a cheery welcome.

Are you British?

It is not normal practice to tip bar staff in Britain! Grumpy, cheerful, or otherwise.

I do, worked in pubs and bars and I really used to appreciate the tips.

Well, you never got one from me.

[Kermit power]

speedyguy said:

Could be a lot of Hungry beggars in North Wales this am, queues snaking out of the chip shop for nearly 2 hrs last night and guess what that old chestnut with poor tech the card machine only took contactless as chip + pin struggling.
But don't worry the one local shop can take cards but only if you spend over a fiver, not the end of the world though as their are cash machines 3 miles up the road if they haven't run out of cash as it's a busy weekend, oh and there's no transport to get there if you don't have a car or have had a drink.
Cashless society no chance yet in many parts of the country and as for rolling out 5g that needs fooooking right off until we get 2 or 3g national coverage.

I'm going to take a wild stab in the dark guess that you were in the "had had a drink" camp?

[CanAm]

The Mad Monk said:

Are you British?

It is not normal practice to tip bar staff in Britain! Grumpy, cheerful, or otherwise.

Ah, you'll be a southerner then.

[technodup]

bigdog3 said:

I reckon the reason is greed

Anyway what is wrong with managed debt? For instance, mortgages stimulate the economy - there wouldn't be much building trade without them.

Greed first, then the ease of payment. You could argue all debt stimulates the economy, but only in so far as it is manageable, and much is not. Then when rates rise or some other emergency kicks in, the debt and usual lack of savings causes problems everywhere. And the building trade is one of the first to suffer.

I used to work for a bank. A lot of debt is only managed by the skin of their teeth, and a load of luck. Rather them than me.

[bigdog3]

technodup said:

A lot of debt is only managed by the skin of their teeth, and a load of luck. Rather them than me.

Comes down to budget control so one's finances including debt are managed, and certainly not beyond your means. Greed, especially in our wealthy society, is a poor excuse

[J4CKO]

The Mad Monk said:

J4CKO said:

The Mad Monk said:

J4CKO said:

Used a twenty to get some drinks at a pub, only because had a load of cash I was trying to get rid of, I didnt tip as the guy was a right grumpy bd, the White Eagle in Rhoscolyn for reference, not exactly a cheery welcome.

Are you British?

It is not normal practice to tip bar staff in Britain! Grumpy, cheerful, or otherwise.

I do, worked in pubs and bars and I really used to appreciate the tips.

Well, you never got one from me.

As regrets go, that isnt going to trouble me.

[gothatway]

markcoznottz said:

As an aside how the hell do those places present thier accounts etc.

What problem does cash present when preparing accounts ?

[kambites]

technodup said:

You could argue all debt stimulates the economy,...

Only in the short term. An economy which relies on ever increasing debt levels to drive growth is not really going to be healthy in the long run. Personal debt certainly has its place, but IMO we've gone far beyond the point where it ceases to provide overall long-term benefit to society.

[technodup]

bigdog3 said:

technodup said:

A lot of debt is only managed by the skin of their teeth, and a load of luck. Rather them than me.

Comes down to budget control so one's finances including debt are managed, and certainly not beyond your means. Greed, especially in our wealthy society, is a poor excuse

I'm not arguing, I'm no fan of debt.

[anonymous-user]

Kermit power said:

I'm going to take a wild stab in the dark guess that you were in the "had had a drink" camp?

Nope bang sober

But I did have to help an elderly lady out today due to cash machines and failing tech AGAIN so crack on with your wild stabbing statements

[Matt..]

The only place I ever use cash now is paying for parking where the machines only take coins. This can be a real pain as I rarely have cash on me! I haven't used an ATM this year and use Apple Pay everywhere. I only use a card in a few places, eg. for pay at pump fuel. I even use Apple Pay when travelling abroad.

I look forward to a cashless world. What we need now is person to person mobile payments to be more widespread, like they are in China.

[RizzoTheRat]

Matt.. said:

I even use Apple Pay when travelling abroad.

I look forward to a cashless world. What we need now is person to person mobile payments to be more widespread, like they are in China.

I find it bizarre that neither Apple pay or Google pay work in the Netherlands yet, but I have no problems there with Garmin pay. You'd think Apple and Google would have a much bigger market share and get adopted quicker than a relative newcomer like Garmin. Consequently I get some quite surprised looks when I pay with my watch (and particular interest in a couple of sports shops that sell Garmin watches but hadn't seen anyone use Garmin pay) as it's still a pretty rare thing.

Edited by RizzoTheRat on Monday 22 April 10:13

[The Moose]

craigjm said:

technodup said:

craigjm said:

How is not taking your cash out of your pocket any different to just not taking your contactless card out of your pocket?

There's something psychological about actual cash. Being able to touch it, count it, hold it rather than spend it.

Cards, whether credit or debit seem to suppress the 'realness' of the money. It somehow seems a step removed from actual currency.

Of course I get that but it’s only short term psychological trickery... you can achieve the same thing by training yourself that the plastic chunk is cash or that you have to check your internet banking app before each purchase etc.

I believe there was a study done that showed that when you paid in cash, it actually triggered the pain receptors in the brain. When you use a credit card, it does not. Debit cards I seem to recall did as well, but not as intense as when spending cash (probably as you have to think if you’ve got the money in that account).

The disconnect between the money you have and actually spending it causes you to spend significantly more.