What is it with young people and cash?

[PF62]

Zoon said:

pip t said:

If the phone's locked, the limit is as with contactless card. Some retailers impose limits, but that's their decision.

If the phones locked it doesn't work at all.

It does if the transaction is on a bus or the tube and you have set the card as a 'transit' card.

Anyway I hardly ever use my phone to pay any more; I just use my watch which doesn't need unlocking, just two clicks on the side button.

[Welshbeef]

craigjm said:

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.

If phone

Goes flat
Loses connection
Misplaced
Stolen
Shop IT fails
Shop IT doesn’t accept that payment.

[alorotom]

Welshbeef said:

If phone

Goes flat
Loses connection
Misplaced
Stolen
Shop IT fails
Shop IT doesn’t accept that payment.

you dont need a connection its local.

what if...

you forget to withdraw cash
you dont have enough cash
you only have Scottish notes and are in the depths of <insert county as required>
the cash machine is empty
your wallet it misplaced
your wallet is stolen
shop doesn't accept cash

it works both ways

[21st Century Man]

Having not used cash for a year or two, I have cash in my wallet. Got a mini skip coming tomorrow morning, £60 in crisp new tiny clear plasticised £10 notes, new money doesn't look real!

[HairyMaclary]

I had to hunt around earlier for change so I could give my bike its annual jet wash.

No need. When I got there the jet wash now works off an app. Hurrah!

10 mins faffing around down loading and setting up an account my bike is clean.

But cheeky sods make you buy 10 quids worth of credit. Only used 5 so that will be in their account rather than mine for 6 months..

[Alltrack]

PH User said:

cobra kid said:

PH User said:

You can't pay a hairdresser anything at the moment ha ha. If you are going to her house then do a bank transfer, no washing pots needed then.

In two weeks time, I'll be getting my ginger mop cut. not sure they'll be happy if I turn up with no cash.

You won't need to turn up with cash if you do a bank transfer.

But then the poor hairdresser would have to pay some tax like the rest of us.

[James_N]

this thread prompted me to give google pay a go on my phone. had it set up for ages but never used it due to wondering what the hell happens if i get to the till and it doesn't work but it works great! Used it twice this evening already!

Probably wont even bother carrying my wallet around now. One less thing to worry about!

[RMDB9]

Yeah paying with your phone removes the burden of having to carry something around. Well you need to carry a phone.

[alorotom]

RMDB9 said:

Yeah paying with your phone removes the burden of having to carry something around. Well you need to carry a phone.

Which is something people always have on them anyway...

[mikewilliams79]

alorotom said:

Which is something people always have on them anyway...

Exactly. Almost always for radio/music when out and about.

[austina35]

I withdraw cash for the week every Saturday morning at sainsbury's when we go shopping. I pay everything in cash even fuel.

My monthly bank statement consists of about 8 lines. Not 253 like others.

[PH User]

austina35 said:

I withdraw cash for the week every Saturday morning at sainsbury's when we go shopping. I pay everything in cash even fuel.

My monthly bank statement consists of about 8 lines. Not 253 like others.

And what difference does that make?

[cobra kid]

PH User said:

You won't need to turn up with cash if you do a bank transfer.

They don't do that. So....cash only.

[PH User]

cobra kid said:

PH User said:

You won't need to turn up with cash if you do a bank transfer.

They don't do that. So....cash only.

Oh you just happen to have checked.......

[cobra kid]

PH User said:

Oh you just happen to have checked.......

Yes, when I started going there a while ago. And since as well. You have to trust me on this one!

[otolith]

austina35 said:

I withdraw cash for the week every Saturday morning at sainsbury's when we go shopping. I pay everything in cash even fuel.

My monthly bank statement consists of about 8 lines. Not 253 like others.

And not having that information is a benefit to you because...?

[Greg_D]

austina35 said:

I withdraw cash for the week every Saturday morning at sainsbury's when we go shopping. I pay everything in cash even fuel.

My monthly bank statement consists of about 8 lines. Not 253 like others.

so say you get mugged walking away from the cashpoint, what happens to the cash??? gone...
you at least get the opportunity to quickly cancel the bank card...

the finality of cash is both a good and a bad thing!!!

[anonymous-user]

austina35 said:

I withdraw cash for the week every Saturday morning at sainsbury's when we go shopping. I pay everything in cash even fuel.

My monthly bank statement consists of about 8 lines. Not 253 like others.

So you end up with absolutely no information on what you have spent, what item you bought, where you have spent it, or how it compares to any other week/month.

Unless of course you sit and read through heaps of paper receipts, which is far more difficult than quickly scrolling through your spending information on an app.

Makes absolutely no sense to me, but each to their own.

One other thing to add, is that if I have an item fail or break within a warranty period, and have lost the receipt for it, the supplier usually accepts a screenshot of the bank account showing the item being purchased. If you pay cash for everything, you do not have this record, unless of course you diligently keep every paper or email receipt and never lose them.

[cobra kid]

Lord Marylebone said:

So you end up with absolutely no information on what you have spent, what item you bought, where you have spent it, or how it compares to any other week/month.

Unless of course you sit and read through heaps of paper receipts, which is far more difficult than quickly scrolling through your spending information on an app.

Makes absolutely no sense to me, but each to their own.

One other thing to add, is that if I have an item fail or break within a warranty period, and have lost the receipt for it, the supplier usually accepts a screenshot of the bank account showing the item being purchased. If you pay cash for everything, you do not have this record, unless of course you diligently keep every paper or email receipt and never lose them.

Old skool (in other words, living in the past)

[J4CKO]

otolith said:

austina35 said:

I withdraw cash for the week every Saturday morning at sainsbury's when we go shopping. I pay everything in cash even fuel.

My monthly bank statement consists of about 8 lines. Not 253 like others.

And not having that information is a benefit to you because...?

Yeah, I dont get it either, I love having an audit trail, transpose the numbers into a spreadsheet every few days and I know where I am up to.

It seems arcane going and getting cash out, using a card I expect (which will show up as a transaction on your account) and then going to spend it in Sainsburys, who then have to take that cash and put it back in the bank where it gets converted into computer data again.

I remember getting cash out, loads of places didnt take cards, writing cheques and then someone didn't bank it for six months, getting £100 out and not having a clue where it went, getting a paper statemen through the post once a month vs going on my banking app.

Cash is now largely old folk who don't want to or cant adapt, self employed evading tax and criminals.

The new notes put me off cash even more, horrible to use and who wants pockets full of change ?

Love to know where that 88 Billion resides, I can account for about £15 at the moment, 5 in my cycling jacket and a tenner in the saddle bag for emergencies if I dont have my card.