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Replies: 43 / Views: 2,971 |
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Pillar of the Community
United States
1219 Posts |
With credit, debit cards, checks and on line banking, do we really need coins or bills anymore? I actually paid for something with a twenty yesterday and received a 2006 lavender $5 bill in change. I didn't even know these existed. Am I living in my own little shell here or have others noticed this also?
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Pillar of the Community
United States
1713 Posts |
I pay in cash as often as I can. You never know what kind of goodies you might get back in your change.
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Pillar of the Community
United States
2602 Posts |
I've often thought about this, too. Seems like 85-90% of the places I go to accept plastic, so the need for cash is dwindling.
I also am amazed that with us using plastic so much more as a society, that there is still such large numbers of coins produced each year. I would have thought that mintages would have started declining maybe 5-10 years ago. But other than halves, mintages of the common coins are roughly the same I think.
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Pillar of the Community
United States
790 Posts |
I've found that if I have cash, it magically disappears from my wallet for things people in the family just gotta have. If I don't have cash, I can always say, sorry, I'm out. This seems to save me at least $100 a month that would have "disappeared". I do keep a secret stash way in the back just in case there's something that I just gotta have.
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Bedrock of the Community
United States
20753 Posts |
You are now coming into the future of the monitary system. Your far from being alone not using money anymore. My Son, for an example, never carries cash of any kind. Learned that in college. Everything there was basically done without cash. The book stores, cafateria, etc all used a plastic card system. It is becoming difficult to find a place that does not take plastic anymore. We have toll roads here and they have slowly eliminated the tool booths with what is called IPASS. You prepay, get a thing for your car, as you go through it automatically deducts a cost. If you insist on paying cash, it is doubled. All food stores, restaurants, department stores, gas stations, etc. also take plastic. Gambling establishments have mostly gone to plastic. When my Son gets gas he just waves a card at the pump. Doesn't even have to go inside. With the ever growing intercontinental trading of merchandise, eventually all monitary transactions will have to be done via a computerize card system. Constantly attempting to figure out the changing of a dollar to a dinar or something will become an outdated sort of transaction. In the near future you will buy something made in some other country, use a plastic card, it will automatically deduct that amount required in that country's monitary systems equivalent. Eventually the names of things like dollars, cents, dinars, pesos, etc will be someting you see in a museum or a collectors house. In the near future you will hear a kid say "Hey Granpa, what was that stuff you people used to use to buy stuff called MONEY?"
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Pillar of the Community
Australia
2830 Posts |
... and maybe numismatists of the future will collect old credit cards ? Peter
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Valued Member
United States
63 Posts |
I know that some folks collect old phone card some in the pass had sport star's on them 
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Pillar of the Community
United States
790 Posts |
I've always thought of collecting those silly "fake" credit cards that keep coming in the mail with the offers. There are quite a few fake ones available. I gathered together about 10 of them, but my daughter decided she wanted them and I was too embarassed to admit, even to a 4 year old, that I was collecting the things inside the junk mail so I gave them to her.
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Moderator
 United States
188440 Posts |
It is just too easy to use plastic these days, which has been bad for me since it has limited my collecting from circulation.
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Pillar of the Community
United States
1840 Posts |
The only cash purchase that I still make is my morning cup of coffee. I'd feel kind of silly using plastic for a $2 purchase. Everything else goes on the card.
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Pillar of the Community
United States
1130 Posts |
I try to use the card whenever possible, even to pay bills. Those airline miles and cash rebates come in handy.
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Moderator
 United States
188440 Posts |
Quote: Those airline miles and cash rebates come in handy. Yes they do! 
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Bedrock of the Community
United States
20753 Posts |
Quote:
The only cash purchase that I still make is my morning cup of coffee. I'd feel kind of silly using plastic for a $2 purchase. Everything else goes on the card.
That automatically makes you a male. Females have absolutely no problem buying even a pack of gum with a check or credit card. I've seen so many purchases in places like Walmart or Kmart where some lady buys some candy or gum and uses a personal check or credit card. And for some reason it always happens in front of me when I have something in my cart that needs refrigeration. If it's a check then they have to show identification and occationally call a head cashier. I sometimes think it's a plot to irritate us older people.
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New Member
United States
9 Posts |
We are a society of convenience. However, its been found that some gas stations are charging people extra fees to use their card. People never usually realize it until its too late. Also take it from me sometimes transactions can add up if you dont keep you eye on it. My cousin had direct deposit so he expected his pay to be in his account. He was using his card just to pay bills. Turns out there was a problem with the computers and he didnt have money in his account. 35 dollars here 35 dollars there in late fees. There was also a study where this family went off of cards for 6 months I believe, and because they actually had visual and actual confirmation of the cash they had on hand, they were able to think, "Hmm maybe we should hold off a bit and see if we can do less expensive things." Plus I'm not sure I'd be too confident with the way banks are being bailed out these days. Mine was one of the largest and now belongs to someone else. Luckily I dont have very much in there to begin with.
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Valued Member
United States
296 Posts |
Wow, I must really be out of touch, I haven't had a credit card since July of '98. I am a cash and carry person. I have a checking visa for an emergency, otherwise I don't really use that either. Until we all have the devices the ferengi on star trek carry, where the transaction is entered and then use your thumb print for a signature, and then that data goes into a global data bank, cash will always have a place in society. Try using a credit card at a garage sale or similar situation. All this card use costs us money. The merchant has to pay a fee every time you use it. Guess who he/she passes the cost on to... Could you imagine the infrastructure cost of going completely cashless like in star trek... If it is windows based and crashes, then what..? I'm not real comfortable with my life savings consisting of nothing but 1's & 0's in a computor chip somewhere in cyber space. To easy for nefarious things to happen. In a nation where the banks and government have become one and the same. A nation of the banks, by the banks, for the banks. I'll pass. I'm going to be the contrarian.., Cash is King! 
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Bedrock of the Community
United States
12437 Posts |
I still use cash for virtually all transactions under $20 and I will frequently carry half dollars, small dollars, and $2 bills.
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Replies: 43 / Views: 2,971 |