What is it with young people and cash?

What is it with young people and cash?

Author
Discussion

Wacky Racer

Original Poster:

38,188 posts

248 months

Saturday 20th March 2021
quotequote all
As per thread title.

My three lads, all in their thirties never carry cash despite being in extremely well paid jobs...I mean not even a fiver, everything is paid for by card.

I don't expect them to carry £500 or anything, but a small float of around £30 in their wallets wouldn't be a bad idea, for example my local Chinese only accepts cash. (See Chip shop thread)

What happens if they go into a small shop in the middle of nowhere and want to buy a Mars bar?

Kids eh?


a311

5,806 posts

178 months

Saturday 20th March 2021
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Covid? I've had the same tenner in my wallet for 6 plus months now. Due to covid even our corner shop has got a card machine in. I tend to use my phone to pay and seldom carry my wallet these days...

Bluemondy

383 posts

82 months

Saturday 20th March 2021
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I'll admit that since lockdown started none of us have had a penny in cash. Contactless payments and parking apps all the way.

I imagine the use of cash has plummeted since the 1st lockdown?

craigjm

17,964 posts

201 months

Saturday 20th March 2021
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Why carry cash at all? You don’t even really need your cards these days if you have your phone. Cash has been dying for the past 20 years and Covid has given it a terminal kick.

Uncle John

4,300 posts

192 months

Saturday 20th March 2021
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I’ve not carried cash for years now & I’m an old git.

exelero

1,890 posts

90 months

Saturday 20th March 2021
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I don’t know. I never usually carry cash at all, didn’t carry any before this virus bs either. Sometimes I have some change but that’s about it smile

Jasandjules

69,945 posts

230 months

Saturday 20th March 2021
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No idea, I always have £20-50 or so on me just in case.. Hardly ever use it but still.

fiatpower

3,048 posts

172 months

Saturday 20th March 2021
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I never carry cash with me and can't remember the last time I did. What's the point when I can pay with my card. I just end up with a load of shrapnel I won't use if I carry cash.

tuscan_raider

310 posts

148 months

Saturday 20th March 2021
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48 and never carry cash

dont need it. was a train commuter into London everyday plus lots of overseas travel for my job

Never needed it for at least 3 years or so.

Vasco

16,478 posts

106 months

Saturday 20th March 2021
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Little point nowadays. I haven't needed cash for 12 months with the sole exception of £1 for a parking meter (a few coins left in car for that purpose).

Brother D

3,727 posts

177 months

Saturday 20th March 2021
quotequote all
Never used to carry cash, just a metal business card holder with maybe a £20 note in it. Moving to the states I usually have a few hundred because their banking/financial systems are 30 years behind the UK, so no guarantee card will work and also dinners I normally pay cash (and good to give wait staff cash).

Edited by Brother D on Saturday 20th March 20:07

ninepoint2

3,308 posts

161 months

Saturday 20th March 2021
quotequote all
Uncle John said:
I’ve not carried cash for years now & I’m an old git.
Me too thumbup

Driver101

14,376 posts

122 months

Saturday 20th March 2021
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I keep a few notes in my wallet, but it's all contactless now. It's been months between having to use cash.

I was at a burger van the other day and expected they'd be cash only. They didn't want cash and asked me to use card.

FiF

44,148 posts

252 months

Saturday 20th March 2021
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I'm an old git, don't have a phone with the pay by phone option, but do have cards. Generally carry cash in wallet, two sections, household money, anywhere between 30-60. Personal section 80-100. Yep old fashioned, but here it is.

Don't know what Mrs does, but she is even more cash oriented than me.

Daughter, millennial, having been caught out a couple of times with no cash and having to make a quick visit to atm now has a 20 tucked in the back of her phone.

Problem is apart from the place doesn't take cards scenario, have seen an issue with pay by phone twice now. Chip shop, can't remember the exact figures now, bloke pays for his order, say £5.40. He's reading the screen upside down, presses OK, then spots it says £55.40. Right cafuffle, shop cannot manage to refund him, claims needs to go for petrol, in end shop owner digs out the cash from till. Daughter got charged twice at Tesco when first payment appeared to fall over, but hadn't. To be fair easily resolved and corrected.

Then there's this, £1,599 for bunch of bananas

On Apple pay, which doesn't have a limit apparently, also problem with refund.

Zarco

17,897 posts

210 months

Saturday 20th March 2021
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I stopped carrying any a few years ago when I realised I rarely needed it. When I finally broke the note I had in my wallet, I then had a load of change that I never spent either! Just seemed an unnecessary PITA.

I’m 37.

parabolica

6,724 posts

185 months

Saturday 20th March 2021
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There’s more physical cash in my car ashtray than there is in my wallet. Been contactless for a few years now. All the takeaways around here are now order online and contactless payment at collection.

My dad still persists with carrying £100+ in notes and a huge pocket full of smash ‘just in case’ but even he’s weaning himself off this.

Blakeatron

2,516 posts

174 months

Saturday 20th March 2021
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38 here, rarely go shopping as my wife does all that - and day to day work things are all on accounts.

However i always have cash and never use a card, helps me keep track of spending!
Start the week with £10 and gets spent mostly on pies and dr pepper.
Can’t remember the last time i used a card, always have at least £100 on me

Nickbrapp

5,277 posts

131 months

Saturday 20th March 2021
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I’m 29 and haven’t carried cash in well over 3 years since Apple Pay came out, I simply won’t go to place that don’t accept card as in today’s world it’s just unacceptable to me that a place wouldn’t take it and if they don’t, they more than likely have something to hide.

Plus with Apple Pay there’s no limit so you can even use it for big purchases

The last time I needed cash was a hand car wash which is obviously not paying any tax and then I used the NatWest app to get £10 out of a cash machine.

Cash is a liability, means I have to carry my wallet and then when you get change it makes it all bulky. Can’t stand men who carry loads of change in a pocket and then stand there playing with it and making a racket

CubanPete

3,630 posts

189 months

Saturday 20th March 2021
quotequote all
I've got more cash in my wallet now than the beginning of COVID as have sold loads of stuff on ebay.

I alway like to have a few notes in my pocket. I will keep using cash for a while as I think the transaction is important for my 3yo to see, till she has a greater understanding of money at least.

MitchT

15,886 posts

210 months

Saturday 20th March 2021
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I rarely even have my cards on me these days. Use my phone to pay for everything.

I was just wondering today how Big Issue sellers and the like will fare in a cashless society. On numerous occasions I'd have happily made a donation to someone who was collecting, had I had any cash on me.