Wages in cash

[Dr Jekyll]

I was paid in cash in the early 1980's, most of the people I work with have never been paid in cash. Has the practice died out? Talking about employees not sole traders.

[2 sMoKiN bArReLs]

Dr Jekyll said:

I was paid in cash in the early 1980's, most of the people I work with have never been paid in cash. Has the practice died out? Talking about employees not sole traders.

Up until the repeal of the Truck Acts in the late 80s you could insist on cash. Now into the bank is the norm for the obvious reasons.

[Holst]

I get paid in cash every week.

I much prefer it as I know how much money I have.
Its easyer to save money (I just put it in a box and then transfer to my ISA when there is a decent ammount)
I can see what im spending each week.
I never have to use cashpoints, or card machines in petrol stations. Less chance of my cards being cloned or pin numbers copied.

The disadvantages are having to go to the bank to pay money in.
I dont have many regular debits from my account, but If most of my wages was being spent on direct debit payments then being paid in cash might be a pain.
Some people may be uncomfortable carrying large ammounts of cash around but its not a worry for me.

[VX Foxy]

Holst said:

Less chance of my cards being cloned or pin numbers copied.
...
Some people may be uncomfortable carrying large ammounts of cash around but its not a worry for me.

Seems odd that you're worried about card fraud (that you're not liable for) yet are happy to carry wads that can be lost or stolen???? Strange logic.

[SystemParanoia]

i pay all my staff in cash.

they very much appreciate it.

[mcflurry]

I prefer being paid by bank transfer

If I was paid £100, spent £20 on petrol and £30 on food before banking the rest it would show my banked amount as £50
If the same £100 wages are put in, then the £50 spends come out it shows the income as twice as high. So when you want a mortgage or other loan there is better history and a greater likelyhood of being accepted