Recent News Articles

Say Goodbye to Paying in Cash!

4 Jan 2022 10:28 AM | Anonymous

NOTE: This article is not one of the usual articles in this newsletter. It doesn't discuss genealogy, history, DNA, or legal events. However, it is about a topic that I believe we all will see within the next few years.

I paid 3 personal bills this morning. I didn't use cash or any checks. Instead, I paid with EFT (Electronic Funds Transfer or e-payments). In fact, I haven't written a check in six months or more. Like many other people, I pay my bills online.

How do you pay for your online purchases?

Although most people still use cash or cash on delivery, the increasing popularity of online shopping made e-payments more acceptable.

If you’re still using cash when shopping online, it’s time to consider joining the cashless society. Here are five reasons to go cashless today:

  1. It’s more convenient - you don't need to leave home to pay bills or to go shopping.
  2. It makes budgeting easier - when you’re paying online, you can account for how much you’ve spent down to the last penny.
  3. It limits your exposure to COVID-19 - not spending time near other people means you won't become infected by them.
  4. It saves your cash for when you need it - by going cashless whenever possible, you’ll have more cash on hand when it’s necessary.
  5. There’s no need to always have cash available - if all your purchases are paid online, you don’t have to withdraw so much cash all the time. With less money lying around, you’re also unlikely to misplace it.

So the next time you go shopping, go cashless! Perhaps even better, do your shopping online.


Comments

  • 5 Jan 2022 3:20 AM | Anonymous
    Top of the morning to you, Dick. Did you read your words before posting: "If you’re still using cash when shopping online,"...? This is physically impossible unless there is some new technology that I don't know about. :) Good advice but maybe that sentence needs tweeking.
    Link  •  Reply
    • 5 Jan 2022 12:26 PM | Anonymous
      I interpreted his statement as being “if you are using a dual payment system of payment online for online purchases - and payment by cash for purchases not online ….”. Perhaps he will clarify for us.
      Link  •  Reply
    • 5 Jan 2022 12:28 PM | Anonymous
      Also, at least here in Canada, we get 'cash-back' when paying via credit card.In our case about $400+ a year.
      Link  •  Reply
      • 5 Jan 2022 1:13 PM | Anonymous
        Mixed bag in the USA. Some banks do the "cash" credit to one's account; some do airline miles; several do both and some do none of the above.

        My apologies to Dick. It didn't register on my brain, late at night, that this was a quote. (But there are no credits to indicate so...)
        Link  •  Reply
  • 5 Jan 2022 5:59 PM | Anonymous
    One question about cashless payment systems is privacy, and it is rarely discussed in any depth.
    If I pay for my groceries (or etc) by debit or credit card, instead of by cash, how much detail of that transaction is passed onto others, and is it likely to result in my receiving advertising via web-pages I look at, advertising that is more targetted to my shopping habits? Does some of my credit or debit card info get to organisations like Amazon, organsiations that keep large databases of most people, or at least most people in 1st world countries?
    I have rarely seen proper analysis of such questions, so many of my smaller daily transactions are by cash.
    Link  •  Reply

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