Obsolete technology
I used my personal checkbook today to write an actual paper check. The last time I did so was June 2005. It just struck me as something that nobody talks about, but is quickly happening - the obsolescence of paper & currency in financial transactions.
I've heard an increase in the use of this phrase, "I just don't carry cash anymore". More and more people use debit (or credit) cards for everyday transactions. Coins are becoming collector items more than currency, in my opinion.
I remember in the late 70s or early 80s, my mom gave me a comic book about the "Story of Money". Part of the story was a prediction that "little plastic cards" would take the place of currency. Maybe that day is finally coming.
I would encourage your comments on this idea. What do you think?
posted by Scott @ 8:40 AM
1 Comments
1 Comments:
Posting a comment for Kate, as she had some problems with Blogger - Scott
Considering we get charged it we *don’t* use our debit card, it’s sort of forced us to do so. We still write out our bills on paper checks, and write checks at places like church (I wonder how long it is before places like that are forced to get debit card readers?) We’re still forced to carry cash for some things (particularly like laundry and vending machines), but overall, I don’t carry a lot of it. Easier to keep track of where you’re spending it, if you can see “walmart, k-mart, grocery store, fabric store, grocery store, post office…” on your bank statement, rather than just “cash withdrawal, cash withdrawal, cash withdrawal…”
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