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Is cash dying a death?

68 replies

spellingtest · 25/06/2022 18:36

I have a £20 note tucked in my phone case. It's been there for a few weeks. I rarely use cash save buying things at the local market (the olive stall and plant market)
Do you still use cash and if you what for?

OP posts:
TeresaBlue · 26/06/2022 22:28

DH is a taxi driver and 100% of his income is received in cash so our lives revolve around it. Paying it into the bank would cost a huge amount in additional bank fees..so we don't 🤷🏻‍♀️

The vast majority of our day to day spending is done in cash and we rarely get any problems. For the few places that don't accept cash, we pay on a credit card and then pay the credit card off in cash at a Post Office.

And just to point out...him receiving and paying out in cash has no impact on hmrc or tax, which he pays in full.

blebbleb · 26/06/2022 22:44

I use it for our cleaner. Certain nail salons. Tips. Facebook marketplace purchases.

Sallypally0 · 26/06/2022 23:20

Yes. I was I a shop today and the lady on the till said £4.xx.

I phanded her a £5 note and she was taken aback. For a split second thought I had accidently presented her with a tub of Swarfega based on her reaction, but alas it was indeed a £5 note.

spellingtest · 27/06/2022 10:07

So many interesting responses. Thanks everyone!

OP posts:
BertieQueen · 28/06/2022 07:44

I use cash 90% of the time unless the place only takes card and I really want the item.

My diet is going great now dominos and Pizza Hut don’t take cash😂 We use to love them but since they now only take card we have stopped ordering them altogether.

Where I live cash is still very popular there is always a queue to pay at the self service tills that take cash while a majority of the tills that only take card are empty.

Someone further up mentioned Haven holiday site only taking card on site. We recently went for a week and paid with cash for everything.

User46489 · 28/06/2022 18:12

I was in the Peak District and ice cream vans were mainly cash only, I suspect it could have been because often in remoter places internet is probably not that good for the card machines

Dave20 · 02/07/2022 17:13

Using cash can be good for people budgeting. I’m thinking of withdrawing money weekly and sticking to my limit.
My dad is a stickler for cash and always has done.

ChicCroissant · 02/07/2022 17:24

anybloodyname · 25/06/2022 20:03

Remember you will not be able to use the £20 or £50 notes from ( I think ) 1st September

Get that 20 in the bank or swap it for 2 tenners !

Apologies if I have any of that wrong

You are wrong.

I work in retail at the moment, lots of people still use cash.

luckylavender · 02/07/2022 18:00

My chiropodist only takes cash or cheque!

bloodyplanes · 02/07/2022 18:20

I would refuse to shop anywhere or use any services that don't accept cash.

RuthW · 02/07/2022 18:23

I use cash most of the time except on line.

My parents pay me for their shopping in cash so I always have loads.

sanityisamyth · 02/07/2022 18:30

I've always got a £1 coin in my swimming bag so I don't have to worry about that. One of DS's hobbies is cash only (£3 a session) which is a PITA as I don't really use cash for anything else so have to remember to get money out, or cash back, at other times.

sanityisamyth · 02/07/2022 18:33

anybloodyname · 25/06/2022 20:03

Remember you will not be able to use the £20 or £50 notes from ( I think ) 1st September

Get that 20 in the bank or swap it for 2 tenners !

Apologies if I have any of that wrong

Only the paper ones. The plastic ones have only just been released!!

mrsfoof · 02/07/2022 18:42

bigbluebus · 26/06/2022 20:03

Our village shop wants cash now for transactions under £5. During Covid they preferred cards but apparently now they are charged too much by the card companies so prefer cash for small transactions.

They're being ridiculous. The card providers charge their fees as a percentage of the total transaction (usually around 1.7%-2%). As it's a percentage, not a set fee (such as 50p), it doesn't matter about the size of the transaction as they pay the same percentage regardless.

Forpoxsake · 02/07/2022 18:49

I’ll be sad if cash goes (because I do believe some of the conspiracy theories) but I think the young generation now are so used to using their cards and Apple Pay for everything that cash will go in their lifetime

PuggyMum · 02/07/2022 19:06

Once cash is gone as a society we'll regret it.

It's little things like my mate is a carpet fitter and he does foreigners for cash which is 'his extra' money for beer / holidays / treats.
If he has to open a separate account etc where he then has to start doing tax returns he just won't bother as he'd have to charge the same as the company does anyway.

If you get a leak etc on a Friday night, you can put a shout out on Facebook (or my mum always knows the right people from the pub!) and someone will usually come for a look for a few quid so at least you know what you're up against. If it's too much hassle for them you'll have to get a company out and pay the extortionate call out fees.

I go to the theatre a lot and they don't even take cash for the ice cream now so my dd can't go and get them as that was her job. And for some people who just can't work with cards its totally discriminatory.

How many threads do we see on here where women are squirrelling away for an emergency / get out fund?

Yes there's a massive sub-economy for cash which is still nothing compared to this at the top not paying their share so I just don't begrudge a tradesman keeping a bit for themselves. Once this is gone, every penny can be tracked and it's a total limitation of our freedom. I find it quite scary really where this could lead - It used to feel like a conspiracy theory but doesn't anymore.....

RoseMartha · 02/07/2022 19:15

Yes I still use cash as well as my card. Just as well as last week the bank locked my cards for no reason as they told me when I called to get it unlocked. Which wasted an hour of my time on hold. 🙄

Tryingtokeepgoing · 02/07/2022 19:22

greenbirdsong · 25/06/2022 20:13

I don't like the way places actually refuse cash. It's a legal form of tender.

My local charity shop won't accept cash anymore. So even something for 10p you have to pay on your card.

Went on holiday to Haven and all cashless, even the arcades you had to tap a card!
Local soft play is cashless - but they have these little machines that take pound coins, which no one brings and they don't have change for.

I also think cash makes budgeting easier.

Cards are great but cash still needs to be there in circulation.

Cash is legal tender for the purposes of settling a debt, but at the point you try and buy something in a shop, there is no debt as title to the goods hasn’t passed. So shops are under no obligation at all to accept cash. I guess petrol stations are slightly different, in that it’s possible to fill the car up and then discover they don’t take cash. At that point I’d argue that there’s a debt, and so they’d have to accept it - and to be fair, probably would :)

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