this post was submitted on 01 Jul 2024
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Cash still king for many, despite push for card-only payments (www.rnz.co.nz)
submitted 1 month ago by [email protected] to c/[email protected]
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In a world of Afterpay, tap and go and online shopping, cash is - surprisingly - still king.

Many said they still carry notes and coins in their wallets, and the amount of cash in circulation has almost doubled in the past 10 years.

One person spoken to by RNZ said they carried cash they received in tips from working in a restaurant, while another said her mum often gave her cash.

But a third said it felt "flippant" to carry cash: "I don't really like to keep it because then I tend to spend it and I'm trying to control my spending."

Some said carrying notes and coins was essential in a natural disaster.

"I do love to have cash because I kind of feel secure," one man told First Up.

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[–] [email protected] 6 points 1 month ago

It's interesting that some people find that to be the case. Personally I download transactions from my back account at the end of each month and track what money was spent on. Cash is untraced and free to spend!

Also, after some bank greed we now have 2% surcharges at most places for tap to pay (we call it paywave), and credit card transactions in general. Knowing this goes straight to the bank, it's basically "would you like to make a donation to the bank?". No thanks, I'll insert my card and pay that way.