Sunday, November 27, 2005

Cash ... A Thing Of The Past?

When is the last time you made a purchase with cash? Really ... think about it. Today's world operates on credit; direct deposit, direct withdrawal, credit card purchases, debit cards, personal/vehicle loans ... you name it. And, we all predominately pay our bills every month with bank checks, which are in turn electronically transferred to the entity the bank note was written to. Again ... no cash changes hands. There is no doubt that when money moves electronically accounts are updated in a much shorter amount of time, the margin of error is much smaller, and receipts are always given to provide documentation for the sender and/or receiver of the funds. Although invisible money has many advantages (like shopping from your pc wearing only underwear at 3:00am), there are some disadvantages. Some have compared these electronic earning and spending to nothing more than "Big Brother". Yes, these same people may be a little too over the top to some, but they do raise a good point. Big Brother used numbers to identify people and not names ... years ago we all said that'll never happen.


Blogger Raymond's Edge said...

I still use cash all the time. It is much quicker. There are places that will not take a card. It is cash only.

November 27, 2005 4:20 PM  
Blogger JK said...

I couldn't agree more raymond's edge, call me a stickler, but I've never had a problem with any vendor accepting cash ... ever. But I do question whether it will even exist in another 20, 30 years. Your thoughts?

November 27, 2005 5:08 PM  

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