“The need for cash will be around for a long time, but over time it's likely to become the exception rather than the rule.”
This quote was taken from Michael Singer’s article on the ReadWrite Web, Paying It Forward - Online And Mobile Style. Today, we’ve become so dependent on technology for making purchases, handling our money, and managing our finances. I no longer even get a paycheck because it directly deposits into my bank account. If I want to see it, I have a voucher that I can view online. I can pay all of my bills online, and shopping online is very easy. Customer service is becoming obsolete; with pay-at-the-pump and self-checkout, there’s hardly interaction between a sales clerk and a customer.
It is a rarity for me to carry cash; I maybe have only a few dollars on me every few weeks. I use my debit card for everything and nearly every place accepts credit. You can even swipe a debit card to buy a Coke from the pop machine. However, last week, I went to pay for my dog’s stay at a kennel and was quite flabbergasted when they told me they didn’t accept credit cards.
Online money management is a method to simplifying handling cash. It is easier; I no longer have to carry a massive wallet and worry about dropping cash. This form of technology is only going to become more user-friendly and common over time. I’m sure they’ll develop even easier methods to make purchases.
Hi Jessica,
ReplyDeleteYes, our world is ever changing. It is funny when we stop to think about how it is true that we do not carry cash on us much at all anymore. Just the other day when I was at the hairdressers, I was surprised to find out when it was time to pay that they did not except cards. I had to run to a nearby atm and come back in order to pay my bill. I have to wonder how things will be years from now.