Are You Still Using Cash?

mj4456 said:
When I mate and I were going to the casino we would go with as much as we were prepared to loose and a return train ticket, no money left didn't stop us getting home.
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If I'm out on a proper bender I don't carry much, but I do fold up two 20's and put them in the wee square pocket in my jeans. I forget all about it during the night but it means that if I lose my card and phone I'll always be able to get a taxi home.
 
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nilagin said:
Not much different to a credit card really. I have a large agreed overdraft limit that I don't use, I don't have any credit cards though.
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I have a very small agreed overdraft of £200, well agreed by the bank I don't want it and when they tried to increase I told them I would take my account elsewhere.
Yes I have a credit card but only for online purchases and it's paid up every month
 
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I get cashback for my credit card, so use it regularly, I hardly ever use my debit card. I pay the credit card off every month though. I have £30 cash in my wallet, from March 2020.........
 
My birthday was over 2 months ago. Someone gave me a £20 note. It’s still in my wallet.
 
Ricardodaforce said:
My birthday was over 2 months ago. Someone gave me a £20 note. It’s still in my wallet.
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Up until recently, I had £60 in my wallet, made up of present money from the in-laws over the last couple of years. In the end, I gave it to the missus as she pays her livery in cash.

On that note, most of her clients pay her electronically, but a few still pay her in cash which does come in handy for the above purpose.
 
We both pay our hairdressers (barber for me) in cash, the local Chinese takeaway is cash only. The local market stalls are mostly cash.
 
All of those that don’t use cash, do you use a credit card or a debit card? Or your phone/watch?
 
It's useful to have a bit of cash. Over the last couple of months I've been paid in cash for gigs, and the money always seems to find a use.
 
mj4456 said:
All of those that don’t use cash, do you use a credit card or a debit card? Or your phone/watch?
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Never my debit card......IMO a good habit to use a CC for section 75 protection.

Having said I used to use cash for all minor purchases but not since Covid19 and all the impacts of that :(

PS I think the last £5 I had in my wallet went in the local Lions collection bucket when they came round with Santa before Christmas.
 
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mj4456 said:
All of those that don’t use cash, do you use a credit card or a debit card? Or your phone/watch?
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Credit Card for all card purchases and paid off in full each month. Better to risk the banks money than mine, so to speak and to a certain extent. It's also allows me to quickly see how much I'm spending outside of the primary bills and subscriptions. Plus helps your credit score.

I'm not keen on this fully digital thing, especially if it's programmable. Cash still allows you some freedom, especially if being persecuted.

I do like being able to bank cheques with your app, although I wish the limit was higher.
 
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Often if it’s £50 I’ll May stick it on my card, but for smaller amounts it‘s cash, if I don’t have it I can’t spend it, cc bill always paid off monthly,
Circa £130 in my hip pocket after being out last night.
 
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I used cash today at a pub. I had lunch with a friend and he paid the full bill by card and I paid him half by cash. Next week I will use my card and he will return the same cash which gets passed back and forward. Little else use for cash now.

Dave
 
Watch/phone contactless as much possible, through my cashback credit card that I pay off in full every month.

Now I only carry 2 things in my pocket: ultra-thin wallet and phone.
The phone does everything, from payments to opening doors for both car and home.
The wallet is more for emergency. It contains: driving license, credit card, debit card, a £10 note, car key card, a home key and a tracker. Rarely found a need to open it.
 
Mostly I use debit card or phone, mostly contactless transactions. I keep around £200 I notes but rarely use it.
 
wyx087 said:
The phone does everything, from payments to opening doors for both car and home.
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I have a feeling that the younger generation rely far too much on E-stuff.
I hope you have a fail safe, or at least a back up plan, just in case.
 
As much as possible, I use physical things rather than rely on a single (easily lost or stolen) device. Dinosaur? Maybe - but had it not been for that meteorite, they'd probably still be around!
 
OK, non avian dinosaur! :P
 
Nod said:
OK, non avian dinosaur! :p
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Taken at a ZSL TP meet some years ago, :)
The names Terry Terry dactill.

Oh and the only editing that has taken place is a re-size

IMG_0187.jpg
 
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Cobra said:
I have a feeling that the younger generation rely far too much on E-stuff.
I hope you have a fail safe, or at least a back up plan, just in case.
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Yes, as said, the wallet is the fail safe.

Sometimes if I know I’m away from power source for long time (eg, tube, not driving) I’d also carry a small power bank.
 
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Up until a few months ago I was a debit card / cash user, but I read that using google pay (and i guess apple too) was actually safer than a debit card.
The reasoning was that the phone apps do not use your actually debit card number to the retailer but a virtual number. You could also argue that if you "lose" your wallet the money is gone, but on a phone they still have to get pasted the lock screen and the google wallet security before they can spend anything.

I do have a few hundred in cash at home and about £60 hidden in the car just in case.
 
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Marc said:
Can I ask, what is unsafe about a debit card (it's all I have)?
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If it’s dropped, it can be used contactless until locked by user or bank.

A lot of the older ones include the card number and CVV on it, which means it could be used for online purchases by someone that knows your address. Though I suspect 2FA may now prevent thst.

They can be cloned.
 
Ricardodaforce said:
If it’s dropped, it can be used contactless until locked by user or bank
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I don't think I've ever dropped a debit card or if I had, I'd have picked it up. Anyway, couldn't the same be said of credit cards?
Ricardodaforce said:
A lot of the older ones include the card number and CVV on it, which means it could be used for online purchases by someone that knows your address. Though I suspect 2FA may now prevent thst.
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My debit card has the number and CVV on it and it was only issued this year.
Ricardodaforce said:
They can be cloned
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Surely any payment card can be cloned?
 
wyx087 said:
Yes, as said, the wallet is the fail safe.
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Actually, you missed what I was getting at, have you never had an electronic device fail?
Can you still get in your house and car if it does / if they do fail?
 
Marc said:
I don't think I've ever dropped a debit card or if I had, I'd have picked it up. Anyway, couldn't the same be said of credit cards?

My debit card has the number and CVV on it and it was only issued this year.

Surely any payment card can be cloned?
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I‘m sure the same would apply to credit cards Marc. I didn’t realise you were comparing debit cards with credit cards.

As for the CVV number, I guess it depends on the issuing bank. My Chase debit card has neither the card number nor CVV on it.
 
Cobra said:
Actually, you missed what I was getting at, have you never had an electronic device fail?
Can you still get in your house and car if it does / if they do fail?
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I read a modern horror story about somebody at one of those big shopping malls (already pretty scary....).

Somehow he accidentally turned the camera on on his phone so that it videod the inside of his pocket until his battery ran down. Then he tried to go home and found that he couldn't unlock his Tesla without his phone. (Yes, I know he should have carried the key card. So does he now.)
 
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Ricardodaforce said:
I‘m sure the same would apply to credit cards Marc. I didn’t realise you were comparing debit cards with credit cards.

As for the CVV number, I guess it depends on the issuing bank. My Chase debit card has neither the card number nor CVV on it.
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Sorry, I should've been clearer. I was responding to those who said they use credit cards rather that debit cards. An example below:

gman said:
Credit Card for all card purchases and paid off in full each month. Better to risk the banks money than mine, so to speak
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Crickey, I just logged into PayPal on my phone (usually use the computer) and a rather large payment requestion was staring at me for an iPhone 14 Pro Max from late November. After I recovered from the sheer sacrilege factor (I'm Android Mr Tibbetts) it's all been cancelled and PayPal informed, they responded almost immediately which was impressive. Post-cancel screenshot below.

It said the money had been debited from my account, but it hadn't and I think this was more a premature message should I approve it. That was a bit worrying! lol

I wonder how many people may accidentally approve such a request? Rather sneaky.



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gman said:
Crickey, I just logged into PayPal on my phone (usually use the computer) and a rather large payment requestion was staring at me for an iPhone 14 Pro Max from late November. After I recovered from the sheer sacrilege factor (I'm Android Mr Tibbetts) it's all been cancelled and PayPal informed, they responded almost immediately which was impressive. Post-cancel screenshot below.

It said the money had been debited from my account, but it hadn't and I think this was more a premature message should I approve it. That was a bit worrying! lol

I wonder how many people may accidentally approve such a request? Rather sneaky.
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You might want to remove your email address
 
Apparently, it's a payment request (not a debit) from a scammer, who's hoping you'll ring the number in the note and get phished for the information they need to approve it.
 
Cobra said:
Actually, you missed what I was getting at, have you never had an electronic device fail?
Can you still get in your house and car if it does / if they do fail?
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That's the exact reason for the emergency wallet:
- house key will open the front door old fashioned way
- car key card will unlock the car without needing any other device and even after completely submerged.
- £10 cash for emergency and a debit card to withdraw larger sums from cash machine

No, I've never had electronic device fail to the point of not able to rely upon it. I've never even run out of battery on my iPhone mini (the one with worst and shortest battery life).
 
wyx087 said:
That's the exact reason for the emergency wallet:
- house key will open the front door old fashioned way
- car key card will unlock the car without needing any other device and even after completely submerged.
- £10 cash for emergency and a debit card to withdraw larger sums from cash machine

No, I've never had electronic device fail to the point of not able to rely upon it. I've never even run out of battery on my iPhone mini (the one with worst and shortest battery life).
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Indeed. My car is keyless entry, but there is a standard key inside the fob which would allow me to unlock the car.
 
wyx087 said:
That's the exact reason for the emergency wallet:
- house key will open the front door old fashioned way
- car key card will unlock the car without needing any other device and even after completely submerged.
- £10 cash for emergency and a debit card to withdraw larger sums from cash machine

No, I've never had electronic device fail to the point of not able to rely upon it. I've never even run out of battery on my iPhone mini (the one with worst and shortest battery life).
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OK got ya, I misinterpreted what you were saying.
So you carry keys as well? Just in case it all fails?
Seems a bit pointless to me.
Just carry normal keys, that's what I do.
No need for all this electronic stuff that may fail.

And you are honestly saying that you have never had anything electronic fail?
I'm not just talking about all this stuff as above, but normal day to day stuff..
 
Tori_T said:
Apparently, it's a payment request (not a debit) from a scammer, who's hoping you'll ring the number in the note and get phished for the information they need to approve it.
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Ah, I thought it was just in the hope that you would accidentally approve the payment request and didn't realise that it was a scam phone number as well. I'll upgrade that rather sneaky to a super sneaky!



Toni, for some strange reason I can't quote your post. (Admin, maybe a glitch or something?) Anyway, that's the scammer's email not mine, but thanks for the heads up. :)
 
Hmmm, that's rather strange. When I click this nothing happens. I was thinking it's because the reply is within my quote, but I should still be able to quote it all in a new response?

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Cobra said:
Seems a bit pointless to me.
Just carry normal keys, that's what I do.
No need for all this electronic stuff that may fail.
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Convenience. Same reason as why people have "keyless" enabled cars (even though still need to carry the stupid thing) and why smart home industry exist.

Car is unlocked every time I go to it with my phone in my pocket. No need for normal bulky car keys, the backup card form factor is perfect as backup.
Home is unlocked as I near front door with my phone. Then just enter.
Circling back to the topic of the thread, by not using cash, money are counted automatically, not having to deal with loose coins/notes. Then, I simply copy the monthly statement into Excel and label each item to get a comprehensive understanding of my spending.

Cobra said:
And you are honestly saying that you have never had anything electronic fail?
I'm not just talking about all this stuff as above, but normal day to day stuff..
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It may be selective memory, but I honestly would say I've never had failures so bad that prevented me from relying upon any electronic devices. There have been cases where I had to do some quick fixing (my self-hosted, self-programmed smart home comes to mind). But as long as I'm careful with battery usage, everything always works for me, if not, a quick reboot will make it work.

In similar vein, my wife always complains why her broken electronic devices seems to work when I touch it. I'm just good with electronics ;)
 
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