Going cashless

I’ll have to deposit it before it accumulates to an amount that would be questioned. The only problem is, it would have to be a planned trip to the Post Office. My bank doesn’t have any branches :slight_smile: Post Office queues are long to say the least. I had to do it once (not to deposit cash) and don’t feel tempted to do it again.

£25 in cash a week. My food spending habits would cause me to go over that and I still need to think about a food budget; or make food at home. Luckily, he doesn’t know about my expenditures.

I’m thinking of booking him a holiday. He deserves it. He would be surprised that I didn’t use the money up, but I don’t like relying on the bank of Parents.

Definitely not :see_no_evil:

Might have to open one up :smiley:

Now there’s a thought :smile:

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You don’t need to deposit the cash. Use It and transfer the same amount in a separate account (or pot) as you spend it. Saves all the queuing in the post office.

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This is an interesting read if you can access it…

Mostly describes how cash is recirculated via cash processing centres (the most interesting bit I think) but also includes some data on cash usage. For example it states that banknotes in circulation have increased from £70bn at end of 2019 to £81bn at end of 2023.

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https://archive.is/uMgqP - paywall skip

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Lovely job. Thanks

This is the interesting bit.

More surprisingly, it seems that people aged 18-24 visit ATMs even more frequently than the 35-54 age group, with budgeting cited as one of the main reasons.

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Or could illicit substances be a greater driver :thinking:

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Expound? :face_with_raised_eyebrow:

Was originally in jest but upon a quick Google I might not be wrong! Wrong year, buts it’s got to make up a proportion.

“The Review of Drugs found that in 2016/17, people in England and Wales spent approximately £9.4 billion on illicit drugs”

I would assume cash still predominates over Crypto in this area by some margin.

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Ah! Thanks for clarifying! In isolation it looked discriminatory to me, so I was a tad alarmed to be reading it!

No no, I just find it odd that it’s not mentioned often when people talk about cash usage.

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I still stand by there’s no need for cash bar drugs and tax evasion

But for the record, drug dealers now accept Monzo

And there was me thinking you’d taken an extraordinary leap with the “Cashless” term ( as in “ex-pound”).

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Plus these small shops that do not take cards, I think they could be tax evaders.

I’d suggest that numerous small shops that don’t take cards are barely liable for tax based on income.

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I would need to first see their books to believe this.
I know one in my town that sells Asian and African food. Always busy, they never take card. They will show you where all the ATM points in the town center are. They can also give you on credit if known to them.
In the height of the pandemic they were forced to use card payments for a bit but then reverted back to cash.
They have the terminal you can see it but they always claim there is no network.

So given the cynicism expressed within this thread of late, is it the implication that one wouldn’t do business with non-card merchants as described herein?

It’s not that I wouldn’t shop with cash only businesses, I simply couldn’t as I rarely have any cash on me. If I knew ahead of time that cash would be required and I could get some, fine. R-

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I never have any cash on me. One of the reasons I do not withdraw cash is I hate keeping the change in coins. And it has been long since I last made payment at this particular shop, my SO is the one who is still obsessed with cash so she always pays when there.
I only have a few £1 coins in the car for some supermarket trolleys and that’s it.
I one time went to a mall in the South East, the parking terminals were card only and via the app. I met an old couple very frustrated as they could not pay with cash and had no card on them. They were also not so into the idea of downloading the app just for parking.
I paid for their parking and waved goodbye to them.

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