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I find this fascinating because in Spain we are in a quick restrict-access-to-cash spiral with banks shouting down offices every.month and getting an ATM nearby
by eb0la 7y ago
I find this fascinating because in Spain we are in a quick restrict-access-to-cash spiral with banks shouting down offices every.month and getting an ATM nearby is increasingly hard unless you live or work in the center of a big city.
If you actually touch the money, you can feel easily how much is going out.
Plus, I guess having to go to an ATM to get money out makes it more valuable because you pay everything with both money and time. Good trick
- sokoloff 7y agoWe make it a point to have our kids spend their money in the form of physical cash (and they’re the one to hand it over to the cashier at the store and take the change back). Otherwise, it’s unapproachably abstract for them. We don’t extend that to our adult spending though.
- benbristow 7y agoI feel the opposite. I use a Fintech bank called Monzo that's available in the UK and is now expanding into the states. When I have cash it feels like Monopoly money that I can splash on anything. When using my card I get instant notifications as soon as I pay and the notification gives a running total to how much I've spent in the day. Also shows me how much money I've got to last me into payday taking into account recurring payments like bills, online-services etc.