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I rarely use cash these days, mainly due to laziness, and I like the fact that I can use some software to track all of my transactions across accounts so can ra
by djhworld 9y ago
I rarely use cash these days, mainly due to laziness, and I like the fact that I can use some software to track all of my transactions across accounts so can rationalise my spending habits and commitments.
Cash has that feature too but much more cumbersome to track, and comes with the additional burden of coins.
Reading the comments in this post, I can understand the reasons why people would find this trend concerning, but I'm not really sure what you can do to stem the tide. For example in the UK the use of contactless credit/debit cards used for transactions went up by 147% between April 2016 to 17 [1]
I suspect the trend will keep rising, contactless will probably soon overtake the smaller transactions (< £30) paid in cash.
[1] http://www.theukcardsassociation.org.uk/contactless_contactless_statistics/ http://www.theukcardsassociation.org.uk/contactless_contactl...