I can remember having to pay cash for all purposes. Then, the first few times I used my eftpos card, just completely concerned me. I just couldn't come to terms with my money leaving my account, floating overhead like a williwonka chocolate bar only for it to magically restore itself another account that I hoped was the right one. Couldn't comprehend a world where that would ever become a significant way in which we handle financial transactions.
And gone are the days where I stash cash all around a bunch of strategic places, or have my little account book outlining my deposits and withdrawals and we definitely don't keep millions inhome safes for Scrooge McDuck,Richie Rich and Demi more to run frolick and rump among their millions.
Nope, these days, our money is represented on a screen. Depending on how the stock exchange reacts at times, can have significant detrimental affects on the value of my investment based on the confidence of people telling them to buy or sell.
Then there is my lonely little old day to day bank account and my savings account details and amounts,,, but all it takes is one hacker to enter where they are stored and reduce the amount that was in that account down to $0.
Waiting for the day that some dude who is smarter than me can just take possession of my accounts, drain them leaving me with nothing and Henry hacker just floats away in cyberspace having transferred all my money over to him.
I genuinely check my bank account statements with the thought in the back of my head is that my accounts were cleaned out over night and they now all contain $0 .sigh of release when things are as they should be.
Old habits do die hard though, I have a floor safe that was cemented into the house slab as it was being laid. They will have to blow that sucker out of there to get access to that money, even if the burglars find it) as it was poured and keep a doomsday backup plan in there if these electronic gate keepers get hacked or infiltrated and told to redirect my money so that my limit becomes $0
Watching stocks going up and down is about as much excitement I can bare to see.
Your digital money more safer than hiding it under the bed, as long as you aren't transferring to your online gf or giving someone your bank details over the phone.