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28-07-2020, 12:30 PM
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Re: Abolition of Cash

One thing that bothers me about any abolition of cash is without it how will children learn the value of money.

When my son was little and had a money box he regularly counted the content and worked out if he enough to buy something or needed to save more likewise my 3 older grandchildren.
Without cash it will be more difficult to teach children about managing money.
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28-07-2020, 08:57 PM
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Re: Abolition of Cash

Originally Posted by Meg ->
One thing that bothers me about any abolition of cash is without it how will children learn the value of money.

When my son was little and had a money box he regularly counted the content and worked out if he enough to buy something or needed to save more likewise my 3 older grandchildren.
Without cash it will be more difficult to teach children about managing money.
And that is exactly why this country is in the state that it is Meg, with debt that will never be settled. Debt is positively encouraged...When you are in debt the banks have got you by the balls, and that is just what they want.
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30-07-2020, 10:42 AM
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Re: Abolition of Cash

Originally Posted by Meg ->
One thing that bothers me about any abolition of cash is without it how will children learn the value of money.

When my son was little and had a money box he regularly counted the content and worked out if he enough to buy something or needed to save more likewise my 3 older grandchildren.
Without cash it will be more difficult to teach children about managing money.


Good post Meg, and I agree with you.
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Flowerpower
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01-08-2020, 09:42 PM
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Re: Abolition of Cash

I am using cards a lot more than I did. i hardly handle cash now. Having said that I have a stash of £20 notes I will need to get rid of before the new ones come out. Not under my mattress as somebody else joked but kept in the house.
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01-08-2020, 09:44 PM
85

Re: Abolition of Cash

Originally Posted by Flowerpower ->
I am using cards a lot more than I did. i hardly handle cash now. Having said that I have a stash of £20 notes I will need to get rid of before the new ones come out. Not under my mattress as somebody else joked but kept in the house.
Not a good idea as they are just a little' lumpy', it does of course depend upon how many rolls of them you have stashed away!
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02-08-2020, 08:28 AM
86

Re: Abolition of Cash

Originally Posted by Baz46 ->
Not a good idea as they are just a little' lumpy', it does of course depend upon how many rolls of them you have stashed away!
Oh no you donít put them into rolls if you stuff them under the mattress. Flat packs of say £1000, makes it much more comfortable.
P.S. The Ďnewí 20s are already in circulation.
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21-10-2020, 10:12 AM
87

Re: Abolition of Cash

It seems that - in recognition of the decline in being able to obtain cash and the difficulty this presents for so many people - The Treasury is launching a consultation into the possibility of getting cash in shops without having to make a purchase.

It's no great surprise that the industry is already objecting saying - amongst other things - that it will make them more vulnerable to attempts of robbery.
Personally though I don't see quite how they will be holding significantly more cash than they do now.

I mean, it's like a perpetual cycle; those who do use cash will take it out and then spend it again and so the cycle goes on.
And those who use electronic means and cards will continue to do so, like myself who haven't carried cash on a regular basis for years - and the pockets in my trousers last longer as a result!
(I think I have a dusty plastic fiver and a tenner in my wallet for "just in case" - but they must have been in there for certainly well over a year.)

I can see this being beneficial for a certain minority, one of whom is my near-luddite technophobe MIL (bless her) who has an aversion to using her bank card unless it is absolutely necessary.

https://news.sky.com/story/shops-cou...erned-12104105
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21-10-2020, 11:33 AM
88

Re: Abolition of Cash

Thatís nothing new. Quite a few shops have cash machines in store.
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21-10-2020, 12:50 PM
89

Re: Abolition of Cash

Originally Posted by Emjay ->
Thatís nothing new. Quite a few shops have cash machines in store.
That might well be true but there are more and more towns and villages without any cash machine.
Also there are many places which only have a pay-to-use cash machine.
"Number of ATMs customers must pay to use increased by almost 40% in a year"
https://www.theguardian.com/money/20...-charging-fees
The link I first included contains the following:
"The watchdog also expressed concerns about plunging numbers of free-to-use cash machines - with almost 10,000 lost over two years. The BRC said it believed there were just 10,000 left."
So that's another reason why the change is being considered.
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21-10-2020, 09:49 PM
90

Re: Abolition of Cash

Can't you get cashout from the checkout at the supermarket?
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