Will you accept the cashless society?

[Conspiracy Nut]

My bank manager called me into the branch to try sell me a mortgage and give me a credit card, and sign me up to anything else they have. He gave me an 8 grand limit I said nah mate you cod quarter that and it would still be enough, he said, I cant change the limit now, you have to do it later (weird) . So that's the story of how I got an 8 grand credit limit.

[renaeden]

I have a $6000 limit credit card which I initially signed up for when I was working and went on holiday overseas. Very handy as I could take cash out of any ATM or use EFTPOS anywhere. Since 2013 I haven't been working but the credit card got up to $4500. I started to panic about it so I went to the bank and organised a payment plan. I have just finished paying it off, literally last week. It feels good not to have that hanging over my head now.

[Conspiracy Nut]

Good job, a lot of people struggle with paying off cc debt like that. 

[Dirty Big Yoke]

I ran up a little bit of credit card debt a few years ago myself, probably around 3k at most. Main reason why I stick to low limit cards now.

Took out a loan and that's all of that sorted, now it also helps with the credit rating! 

[Jack]

For me, it can't happen quickly enough.

What difference would it make to a person who already operates without cash?

There are still a few businesses or purchase opportunities that still require cash.

Those will eventually move to cashless. Then you won't need to carry a bit of cash around "just in case".

I would oppose completely removing cash as a means of payment, for similar reasons to Jack plus a couple of others (including my right to make purchases without the knowledge of a bank and potentially the government or some hacker).

It may just be less common here so can't think of anything, or even recall the last time seeing so much as a vending machine which doesn't accept cards. A quarter for an Aldi grocery cart seems the only personal necessity. In the US there is no federal law prohibiting businesses from refusing cash, though there are a handful of states and cities with their own local law against it. Read there has been a bipartisan bill presented to congress last year, but hasn't moved to being accepted by either branch. Current events might push the issue a bit more.

[Jack]

For me, it can't happen quickly enough.

What difference would it make to a person who already operates without cash?

Germany, for example, is years behind us and many places there still require cash. It's hugely annoying if you travel a lot.

So then it may not necessarily be a desire for society to reject cash, but rather certain places to catch up with the times?

[Icequeen]

Cash is King.  I can spend it where I want for what I want without anyone tracking me no questions asked.  Immediately available and no processing fee is a big plus.   I have a customer who insists on direct deposit and its always three or four days before I get my payment if he paid cash or just gave me a check I would have it available the next day at the latest. As far as my flea market business a lot of my stuff is under $20 and doing 100 plus transactions on a Sunday morning on my phone would be a real pain in the ass.   I do use my debit card on most larger purchases  such as materials at the supply house but I do that mostly for record keeping, most daily expenses I pay cash

That.

I don't like paper trails so I'll probably continue to deal in cash for as long as possible, as much as possible.

[odeon]

For me, it can't happen quickly enough.

What difference would it make to a person who already operates without cash?

Germany, for example, is years behind us and many places there still require cash. It's hugely annoying if you travel a lot.

So then it may not necessarily be a desire for society to reject cash, but rather certain places to catch up with the times?

From my very limited experience, yes.

[Yuri Bezmenov]

The real reason we're going to a cashless society is because young people can't count change anymore.   

[Dirty Big Yoke]

ok boomer

[Yuri Bezmenov]

2019 called, they want their meme back.

[Dirty Big Yoke]

I wish it were a meme.

[Conspiracy Nut]

The real reason we're going to a cashless society is because young people can't count change anymore.   

this is true. doing modular arithmetic on the change always screws me up. I don't know why I do it modular, but I stand outside the store for a minute sometimes working out that I haven't been short changed £1.

[Dirty Big Yoke]

I never had an issue with counting change, I just don't like lugging around lots of it. Especially coppers like 1p/2p coins, completely useless in this day and age.

With the bank I'm with, I can round up transactions when I use contactless and the change automatically goes into a seperate savings pot in my account - end up saving up to 30-40 extra a month that way.

[renaeden]

Years ago, 1 and 2 cent coins were phased out here in Australia. We ended up getting 1 and 2 dollar coins as well. 50 cent coins take up the most space so I have a money box for those.