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robbiex wrote: Green Man wrote: Trevor S wrote: Credit cards are a godsend - free credit for a month, if you pay on time. Tap your card to pay; detailed receipt provided; no need to search for change. Bars, restaurants, shops, petrol stations, chippies etc. - all accept them now, including online businesses. Cash will be obsolete by the end of the decade.
At the same time easier to go in debt, I always carry a wad on me a lot shops near me prefer cash! Since lockdown I have been wary of money and I look after every penny. Funny I can always find my change in my wallet without problems.
If cash does better than cards again next year and so on it will last. I will give you an example. I was in Tesco last Saturday, the card only checkouts was deserted despite them being open.
People wanted to use cash and even the ATM outside there was a long queue.
Even the Metro branch in Basingstoke had queue of people, waiting to pour in their lose change they no doubt saved throughout the year for coin machine, then withdrawing the money from their accounts straight away.
I have no problem paying for diesel with cash at the forecourts same with my local boozer and the Chinese takeaway prefer cash as they don't have to pay for fees nor wait for the Wi-Fi to kick in. I don't do chippies I can do it at home!
Credit and Debit cards of course have their advantages, such as those described previously. However it also gives the authorities and companies a way of tracking your spending and using that information. For example if you were to buy a lot of petrol with cards, the information could be sold to insurance companies to rack up your insurance because you drive a lot. The same goes for spending money in pubs and assumptions about your health regarding insurance companies. Many people including older people have never used credit cards or the internet in their life, due to poverty, or for cognitive reasons. I went on a boat trip recently from Runnymeade to Windsor. It was a three or four hour party boat. The bar only took cash due to lack of internet connection to process credit cards. I was one of the few people to have the foresight to have cash on me. The boot was on the other foot for a change and people weren't happy.
A lot of shopping centres have terrible Wi-Fi, so do hospitals. The government have admitted they love to monitor our back accounts and CBDC can be switched off or decline a purchase, because you bought something the demigods don't approve off. The boat trip sounds great a lot of boat trips are about an hour or so. I do know a lot of older people in their 80s that are very tech savvy but still choose to pay by cash as they can budget better etc.
I have lost count the number of times, I have seen people get flustered trying to pay for parking in car parks via phones, then ask me for lose change and they say they can transfer the money to me by bank. By the time they have got themselves sorted I have returned to the truck and walked out the car park.
Yes, some cash only outlets still exist - but petrol purchases being used to rack up insurance premiums!? People (including me, recently) working in central Europe can often be in 2/3 countries in the same day and cards (debit and/or credit) eleviate the need to have different currencies. All totally free, if you don't miss your monthly payment deadline.
Trevor S wrote: Yes, some cash only outlets still exist - but petrol purchases being used to rack up insurance premiums!? People (including me, recently) working in central Europe can often be in 2/3 countries in the same day and cards (debit and/or credit) eleviate the need to have different currencies. All totally free, if you don't miss your monthly payment deadline.
Each to their own. When I lived USA I some times carried American and Canadian dollars at the same time. I have never had issues or problems. I had to show a shit load of I.D when driving to cross to America Jr.
The inspectors have no training apart from selling pieces of paper. I only open the door, when I know people round or open to the door to the people I know and LIKE.
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