We have a cleaning lady. She says we’re her only customers who still pay by check. I have no idea how else to pay her. We don’t use cash anymore. I haven’t been to an ATM or made a bank withdrawal in over a decade. My wife gets cash out at the grocery store for incidentals, but we don’t keep that much cash around. I pay everything by credit card but she doesn’t take those and doesn’t have PayPal that I know of. I do have that.
In 2019 alone banks make 38 BILLION in overdrafts. I like a paper trail, but more and more harder to use paper checks. I still use a checking acct for my payments to keep track of what I’m spending.
To make a cashless society means the end of the economy. Cash makes you realize what you have, credit cards however will go into the negative with more interest than any bank has ever given out. There is no concept of what you are spending with each swipe. Pre 1970s people used cash the majority of the time and if you didnt have the cash.. you did NOT buy it! Credit cards was for emergency situations only, like something went wrong with the car and your family is stranded. It is the worst possible thing to spend money you have no idea as it leaves your hands as it is not at all. If anyone out there uses this aspect, save every one of your receipts, and at the end of day, calculate all the figures.. yes by hand and then ask yourself would you have spent all of this if you only had cash in hand?
1) Your bank will take a cut of every transaction, even your kid’s allowance.
2) This will be sold to the people through “convenience” (see all the threads here), but also it will be sold as “safety” and as “prevention of illicit transactions such as drug deals.” Right.
3) The government will control all transactions. A corrupt government can and will “debank” those who disagree with that government.
If you don’t think it can’t happen here, you’re not paying attention. Your government, right or wrong. But it’s never wrong, just ask them. If you dare.
Leroy mails checks to rely on the lag time between when he mails the checks out, and, his creditors get them. I think nowadays most companies cash checks immediately, the banks process them ALMOST as quickly as credit/debit card transactions.
Ratkin Premium Member 29 days ago
We have a cleaning lady. She says we’re her only customers who still pay by check. I have no idea how else to pay her. We don’t use cash anymore. I haven’t been to an ATM or made a bank withdrawal in over a decade. My wife gets cash out at the grocery store for incidentals, but we don’t keep that much cash around. I pay everything by credit card but she doesn’t take those and doesn’t have PayPal that I know of. I do have that.
snsurone76 29 days ago
I pay my phone bill by check, but days before it’s due.
NeedaChuckle Premium Member 29 days ago
In 2019 alone banks make 38 BILLION in overdrafts. I like a paper trail, but more and more harder to use paper checks. I still use a checking acct for my payments to keep track of what I’m spending.
mckeonfuneralhomebx 29 days ago
To make a cashless society means the end of the economy. Cash makes you realize what you have, credit cards however will go into the negative with more interest than any bank has ever given out. There is no concept of what you are spending with each swipe. Pre 1970s people used cash the majority of the time and if you didnt have the cash.. you did NOT buy it! Credit cards was for emergency situations only, like something went wrong with the car and your family is stranded. It is the worst possible thing to spend money you have no idea as it leaves your hands as it is not at all. If anyone out there uses this aspect, save every one of your receipts, and at the end of day, calculate all the figures.. yes by hand and then ask yourself would you have spent all of this if you only had cash in hand?
Smeagol 29 days ago
All my bills are paid online with my checking account, debit and credit cards have expiration dates, something I do not worry about.
ekke 29 days ago
When the cashless society arrives:
1) Your bank will take a cut of every transaction, even your kid’s allowance.
2) This will be sold to the people through “convenience” (see all the threads here), but also it will be sold as “safety” and as “prevention of illicit transactions such as drug deals.” Right.
3) The government will control all transactions. A corrupt government can and will “debank” those who disagree with that government.
If you don’t think it can’t happen here, you’re not paying attention. Your government, right or wrong. But it’s never wrong, just ask them. If you dare.
WilliamVollmer 29 days ago
Leroy mails checks to rely on the lag time between when he mails the checks out, and, his creditors get them. I think nowadays most companies cash checks immediately, the banks process them ALMOST as quickly as credit/debit card transactions.
User18942 29 days ago
Great!
anncorr339 29 days ago
Good for ZLeroy paying by check