End Of Cash?...treasury Slows Its Printing Presses

Thanks for posting the link. It's a very interesting story. I didn't realize the government printed more $100 bills than $1 bills.

I use my checkcard for almost all transactions at the supermarket, big box stores and post office. Online purchases and ebay I use paypal. There are only a couple bills I write a check for now and I pay my utility bills online. About the only place I pay cash for are tips, fast food drive through or the supermarket if it's under $20. I can see why fewer banknotes are printed.

... also someone is paying for the use of the credit/debit cards: individuals with bank fees or service charges, or companies collecting payments minus the fees.

Buying a $1 pack of gum with an added $1.75 service charge would be crazy.

I pay all of my utility bills with cash at the Post Office, which is next door to the bank. I may draw over $1000 in cash from the bank, but I never carry much cash. I spend the bulk of my cash withdrawn immediately, to pay utility bills.

I budget what I need to spend before going to the bank, and as a result, have saved squillions over decades with habitual budgeting.

I was forced into budgeting originally, because I could see the advantages of paying my mortgage off early, by paying more. Took 10 years to fully own our house, funded from a single income only, and saved a huge amount of interest by paying the house off early.

Very large purchases such as cars, are bought with a bank check.


I have no need for credit cards.

If I want to travel overseas, I set up a debit account, specifically for that purpose, and close it on my return home.

I wondered who's ship that was keeping me awake chugging by night and day...

On topic: I am one of those people that rarely ever have any cash on them and I boycott any business that penalizes me for using plastic, with their evil service charges/transaction fees (cough ARCO cough). I pay all my bills with online banking, greatest thing ever conceived. Even those that the bank has to mail out a check every month because they don't have the ability to accept electronic payments.

I have probably not written that many in the last ten years. Do I even know where my checkbook is?

I am paid and all of my bills are paid electronically. With the exception of two accounts, all are automatically paid as well. For what it is worth, I do not keep all of my eggs in one basket.

I find it so ironic how coin collectors don't like using cash.. Lol..

I use cash for everything I can.. If I had a bank account.. (Don't yet will soon, though), I'd just keep the minimum amount in it to pay my bills..

You can't find valuable varieties in change if you pay with a card.. That's just the way I see it..

It is not that I do not like using cash, I do because I still like to search my change.

One thing is that I have a natural tendency to be efficient, hence the electronic payments for my bills; which would have been paid with a check, not cash.

Another thing is that I am finding fewer places enjoy taking my cash; I get that look from them, as if making change is so difficult. So I play with plastic and they do not have to think much about it.