Cashless society ( pros and cons)

Discussion in 'General Discussion' started by catlad, 5 Oct 2021.

  1. johnny2007

    johnny2007

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    That is another problem.
    The major one is people spending beyond their means because they have a magic plastic card that allows them to.
    I know many young people in their 30s with a £50k+ job who struggle to save money for a house deposit.
    Some of them in a relationship with a combined income of £100k+.
    They keep on spending by card and don't realise how much money they waste on things they would never buy if they had to part with banknotes.
     
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  3. gas112

    gas112

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    oh deary deary me people think because they use something everyone else does believe it or not millions dont do internet banking and and some still use old tech phones
     
  4. wobs

    wobs

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    There are vulnerable people in society who struggle with cashless systems. Cash is far easier for them to use, espeically for day to day transactions.

    From a covid point of view, it was a joke. My debit card soon stopped doing contactless, so had to use the keypad.
     
  5. ellal

    ellal

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    Ah, the old 'nothing to hide' argument...

    I guess you wish to have no form of privacy whatsoever?
     
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  6. IT Minion

    IT Minion

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    And those people who are so averse to the modern world also happen to not use cash.
     
  7. Mottie

    Mottie

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    Yep. You normally find it’s those anons that do have something to hide that have something to worry about and will argue against it. :)
     
  8. noseall

    noseall

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    The people you accuse of being frivolous with money, do.(y)
     
  9. noseall

    noseall

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    Nonsense.
     
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  11. Harry Bloomfield

    Harry Bloomfield

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    Much easier to keep track of your spend, using a card - every penny you spend is recorded in your statement. Every penny I spend, I instantly get a text message to say how much and where I spent it.
     
  12. Harry Bloomfield

    Harry Bloomfield

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    I don't actually use cards, I use my phone - no cards to be lost/stolen and the phone can only be used by me and my thumb.
     
  13. denso13

    denso13

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    Don't blame the card. If people are stupid enough to spend beyond their means then so be it.
     
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  14. diy_fun_uk

    diy_fun_uk

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    I have to admit I hardly use cash these days. Whilst I've never been an early adopter of new technology, over the past few years I've gradually shifted to using my cards more, subconsciously if you like. I do however keep circa £40 in my wallet just in case cash is required. Mind you that wouldn't help for purchases in excess of. I'm now getting to the stage where the thought of handing over cash and getting change seems like a bit of a hassle. Stupid I know!

    I suspect, whether we like it or not, the transition to cashless will continue. When I think of my young nieces reaching my age, I doubt cash will even be a thing.

    I do agree though, as with anything 'online', if it goes down then ...
     
  15. denso13

    denso13

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    So they can't simply check if their wages have gone in? And that is someone else's fault? Good grief.
     
  16. Harry Bloomfield

    Harry Bloomfield

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    I doubt the numbers not using the Internet is as prevalent as you suggest. I personally am not aware of any one like that, though I am aware some people prefer to use a low tech phone, only able to make calls, because one charge can last a week or more. I was one of those late adopters, preferring a basic phone, but I changed my mind once I tried a Smart one.

    When it became possible to use a phone for card payments, it then became indispensable.
     
  17. ReganAndCarter

    ReganAndCarter

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    To a large extent, that's what our economy relies on these days. Plus you get nothing for your savings, encouraging you to spend those too. That's the UK economy, live for today, spend what you've got then some more that you haven't. And when you're totally borassic, try to get some back on the lotto or online gambling. Says a lot about this country and society today.
     
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