When was the last time you handled cash?
Are you still using cash? or you gone cashless?
If you have gone cashless why?
If you haven't why not?
Do you agree that one is more aware of his/her spending if paying with cash?
Are You Still Using Cash or You Gone Cashless?
cisco on 05/01/2021 - 22:02
Last edited 06/01/2021 - 09:11 by 1 other user
Last edited 06/01/2021 - 09:11 by 1 other user
Poll Options
- 536Cashless
- 217Cash
Comments
With those kind of figures, I'm guessing either a retail business owner, bookie, pimp, or drug dealer?
Bank teller?
tradie with low rider
Yes. All of the above.
I use cash now, more than I ever have.
I'm not supporting the push, for a cashless society.I still use cash everyday. Though if I don't have it in my wallet, I'll card it. I think we can live in a society where both live together.
A full cashless society means we lose a lot of things we take for granted. Private sales, cash payments, giving your kids tooth fairy dollars and money in cards, etc etc.
There are obviously pros and cons to both. But the major one is if the bank holds all your money and everything is cashless, any funds you have internally can be lost if a economic crash happens. (Banks have disclaimers)
Lebanon is a good example of this, as well as the AMP fallout in 2007/8 where people lost hundreds of thousands of dollars. To think for it not to happen again or here in Australia would be an ignorant thought to reside on
It's all fun and games with cashless until your life savings is taken away from you
I would think the probability of losing your hard currency (house fire, theft etc) would be about 100x higher than losing savings in Australian Bank meltdown? Or do you store your hard currency in a bank vault?
In Australia your deposits in a bank are protected by the federal government, you cant lose money in a bank crash (unless the AU govt also goes bankrupt)
Up to 250k per institution.
I've heard some tools faeries deposit on Springy, or leave chocolates.
Less all of that other dribble it's also so payment providers can't just recklessly increase their cut.
Did people lose their cash deposits with AMP? You are confusing this with something else. Aus Gov guarantees bank deposits to mitigate bank runs.
Only to a certain limit. And it hasn't always been so. That proctection has only been introduced in recent times. IIRC it was during/right after the GFC.
i keep a $1 coin in the car for supermarket trolleys, thats about it :)
The Govt traced a recent outbreak by utilising CCTV and Credit/Bebit card usage….
Did you agree for the Govt to access your details and then kick your door down at 1am ?
It wasn't kicking down a door at 1am for covid.
This is targeted surveillance within reason ie. To prevent spread of a highly contagious virus.This is not slurping up everyone internet traffic and getting access without a warrant. That's something else and its bad.
Cash Only places.
Cash in places they prefer it.
Cash where they have eftpos conditions, ie. $10 minimum.cash is essential.
When was the last time you handled cash? - Last week, social games for sports still prefer cash as ease of payment acceptance
Are you still using cash? or you gone cashless? - Both
If you have gone cashless why?
If you haven't why not? - Because for social games (essentially massive split-the-bill for hiring a court between randoms), not everyone has beemit or payid, especially the older generationDo you agree that one is more aware of his/her spending if paying with cash? - absolutely agree, your "money" or "savings" first goes into a tangible form before you throw it away.
Cashless spending definitely makes people less aware of their expenditureWhy do you think the ATO tax return process is so "easy" now? So people don't realise how much tax the government takes and wastes on $5000 helicopter rides, screwing up our country, etc. Also will make it not as noticeable when income tax will be raised in the future (who do you think will fund the $1T debt?)
This guy gets it.
Last time I handled cash was yesterday. I mostly use cashless but there's still plenty of reasons for cash. You should always have some cash, a couple of hundred, on hand for when the payments network breaks. Remember the massive Telstra outage that borked EFTPOS terminals and ATM's around the country for hours?
The problem is one can’t transfer instant cash to another person! In other countries instant transfer are available and large amount to $20 can be transferred. No such facility here. Thus cash is better.
Osko transfer has been around for some time now and is instant.
Only if you bank with a participating bank (Hi UBank …)
Which all major and most minor banks in Australia do. UBank is an odd hold out but not one I, or I assume most, use for their everyday banking needs.
UBank is an odd hold out but not one I, or I assume most, use for their everyday banking needs.
Ubank is actually NAB's online only bank…
Which is strange because you'd think because NAB has OSKO, UBank should have it too :|@cwongtech: I'm aware, I've used UBank for almost as long as it's existed. IMO it's not intended to be a daily transactional bank as you would with a normal account at another bank. It is odd that it doesn't have Osko available but it's also not a big deal, at least for me.
And not all NPP transactions are Osko. Some are SCT. If two banks are not the same, no instant transfer.
UBank only use NPP for deposits. So deposits into an account are almost instant, they haven't introduced it for payments. Advised by UBank support.
If you want instant payments/transfers from UBank use BeemIt and register your UBank card. Works well but has does have lower transfer limits.
Osko has been out for like 3 years now.
Limit of $1000 per day though
You can just get your bank to auth you higher
I been gone cashless for like five years. I remember the time when ozb post no fee atm as a deal, I was like, what's the deal? :)
free ATMs are going away, quickly becoming rare as branches close and other ATMs sold or are removed.
I feel sorry for drug dealers, beggers perhaps taxi drivers. There the only one like to have cash.
They have started using square.
I lied but am proud having done so for the good of all of us in the future!
Whats cash
When was the last time you handled cash
fb marketplace
if gone cashless, why?
Convenience and security.
Been cashless than years.
Safer, much easier to track spending, more hygienic and convenient.
Use cashless.
when selling i only accept cash.
Forget cash, I can't even remember the last time I left home with my wallet now that NSW licences are digital too.
Only a matter of time when these digital licenses are hacked given the department can’t even protect their scans of plastic licenses.
https://www.abc.net.au/news/2020-09-07/service-nsw-customer-…
I do use card most of the time. But i am trying to use cash more . You can tell they are trying to push a “cash less “ society with the absurd notion that cash carries viruses .
cashless is just safer and more convenient.
By safer I mean, no one's going to bother robbing a cashier if there's no cash. Or mugging you in the street.
Mug you for your phone?
unless they have your fingerprint/pin, they're not taking your money.
If they mugged you for your wallet, they get what you have
Sometimes cash, sometimes cashless; THERE ARE U HAPPY?
SoMe pEoPlE jUsT wAnT tO kNoW eVeRYtHiNg !
If you use cash sometimes then you're not cashless 🤔
Sometimes 🌚
With cashback offers like 2% HSBC, Zip 10% Sat, I use card whenever possible as it adds up. Usually offsets the 0.5%-1.5% surcharge, although places that offer 2% surcharge, you still end up winning out. ($10 purchase, 2% surcharge = $10.2, 2% cashback = 20.4c, although rounding would offset it with this small amount.)
this why i love ozb argain
I still use cash, I generally withdraw what I think I'll use for the week (normally about $200), there's still alot of things I just use eftpos for, I'm pretty good at keeping track of my expenditure.
I use card for major stores and cash for independents so I can avoid unknown surcharges.
cash at small businesses who don't like CCs anyway or require a surcharge. Usually non-franchised take away food, they prefer cash, esp if it's a small purchase.
Big business and franchises I will pay via AMEX wherever accepted, unless it's a tech product then I use 28D.
Generally use card in supermarkets because it is quicker and more convenient. Lately though I been buying and returning a lot of items (change of mind) and a cash refund is quicker than a card refund. Also a few of the local stores are offering discounts - 5% off if you spend more than $50 and pay with cash, so it makes sense then to pay with cash at these type of stores.
My local woolworths only has the 1 cash register in their self service checkouts so I pay by card there
I've gone cashless for many years but I do keep a $100 note in my wallet so I don't get caught in a situation where I have to pay for something and the bank has an outage or eftpos fails
Same here
Cashless except if I want to buy something from springvale market. (Especially fish)
But there are tech companies and domestic airlines are charging surcharges (eg centrecom msy ) I hate do bank transfers as there are no coverage for any recovery in case of any incidents
I'm Cashless now, but want to go back to using cash. Can budget on either no problem, just don't want the tracking
Cash for tradies and markets. Emergency stash just in case. Cashless elsewhere
Cash is king!
Buy car. Sell car.
Only time I use cash.….oh and the frigging independent local baker - won't take eftpos!
It's the baker's secret ingredient. 😜
Cashless, cash is too cumbersome to deal with.
Who wants to get silver coins back every time they make a purchase… beats me.
99% cashless but there are still some shops that dont have efpos or somestimes thee efpos might be down
And I almost forgot I always carry some cash in the event of garage sales
Always keep $300-400 of cash around for situations when i need it (tradies, private sales, emergencies, etc.) Otherwise I'm cashless.
Depends if i am buying something from stores I'd use google pay almost 95% percent
But for marketplace sale, or gumtree items I'd still be using cash for most transactions because it's much more convenient and preferred by the other party.
Otherwise i never keep any more than 50$ cash anytime
Haven't even carried a wallet since 2017, all on my phone with google pay.
I prefer cash. Beggars can't be choosers.
Who are the beggars in this instance?
Still using cash. For tax and merchant fee optimisation.
“optimisation” ???
I use both, it's always good to carry some cash around just in case
I have gone completely cashless since my local kebab place that used to be cash only before the pandemic stared accepting everything from Alipay to Amex. I don't even carry my wallet these days. GPay and Service NSW apps have made the wallet redundant.
I use a combo of cash and card, but people seem to be unaware of the tryanny the banks would have over you if we went completely cashless. Cash should always be here for that very reason.
Already they slug you unnecessary fees for transactions. And sometimes you have no choice. If we go completely cashless the banks can do what they want. There's no chance of hiding your cash under the mattress anymore for a rainy day.
Cashless.. But.. My elderly dad asked me to buy something online for him that cost $700. He gave me that money back in cash. Hate having that much cash on me.
Can't buy drugs without cash, so.. still using cash
Odd that a chemist shop wouldn't have EFT facilities these days.
Lol not the kind you buy from a pharmacist, but a mate of a mate who has katanas for some reason
Yeah, I got it, that was an attempt at a joke.
no wallet, pay everything with card on the smart watch, been doing this for around 4 years or more.
Slightly off topic: How about Medicare card? Where do you store if or you just using the picture?
there is a digital version now - someone posted and talked about in forums not long ago.
But for that you gotta optIn?
@cisco: All you need is the Medicare app and a MyGov login (or you could just access it via MyGov) with medicare linked. You don't need to have opted in to My Health or whatever it was called if that's what you're thinking.
You mention everything is on your smart watch, what about Medicare and license?
Both but mostly cashless. Unfortunately I cannot force some vendors to go cashless when they only offer cash. However I use cashless where I can.
Been like this for 20 years or so, or whenever I first started using a CC in high school.
Cashless offers better traceability.
Sweden (where I live) is even more 'cashless' than Australia.
It's great and I love it.
My wallet was stolen a few years ago (in Aus), and I never replaced it… now carry my license and a bank card in the back of the phone… the only physical cards I need.
The only issue with this is the level of tracking the Government/banks have with your data/purchase habits.
Here in Sweden, your spending habits are scrutinized to a degree that makes me uncomfortable. Weekly spends at the bottle-o might really impact your ability to access credit… 25% VAT applied to everything here… cashless makes this hard to avoid.
Still, not enough negatives for me to use cash! They have an excellent payment app called 'Swish' which is superior to all Aussie cash payment apps. I can Swish at restaurants, pay bills, buy tickets…or FB marketplace goods, local street vendors. Even older Swedes use it; ubiquitous.
Big stores? Almost always cashless… The little guys? Cash is king.
if you ever want to get a loan, be aware when you spend cash the banks can't see what you're spending on.
if you use credit card, the banks will nit pick you on your Netflix subscriptions or any regular payments.
Until about 12 months ago I always used cash for buying coffee at work, two main reasons were just limited my spending to how much I took out (I have pretty good self control anyway), was a great way to limit your self to X number of coffees per day or week etc. Also the cafe I was going to was a small operation and I am sure the cash was going straight into the guys pocket.
But these days I basically pay for everything on my phone (except for the odd occasion where the EFT pinpad doesn't like my phone and says there is too many cards). Last trip to Europe basically paid for everything with my phone as well.
Mostly using Credit Card so cashless I suppose?
Where surcharge is involved and I have a choice (sometimes I don't - eg Rego Vicroads), I either avoid the retailer or pay cash
I also use cash for as some people called here, "privacy" and "optimization" reason.
Both - cash where those places "proudly" put the sign CASH ONLY.
Virtually all the small groceries, butchers, bakeries around me still cash-only. But they have fresh stuff and better prices than the coles/wow.
Always have about $100 cash in wallet.
I feel strange if I don't have cash on me. While I use my card for most things, cash is convenient sometimes. I've been in a few situations where the eftpos was down. This is where having cash usually helps.
Also as others stated, when selling on scumtree.
Last time I handled cash at all? Today, about an hour ago.
Last time I handled medium cash (<10k) a day ago
Last time large cash (>10k) about a month.
Cash is a necessity imho.