on 31-12-2016 16:54
So, been considering this for a while now and I think, the time is probably right where I can attempt this.
The experiment sounds very easy, and by rights it should be a breeze but a few hurdles will almost definitely crop up.
The challenge is thus:
Only use electronic payment methods all year....actual Cash does not exist!
Sounds easy, until you think about it carefully....
The rules are very simple.
For all of 2017 I will only use the following methods of payment.
As well as chip and pin, online card payments and if needed, gift cards.
No actual Cash can be used to make a purchase.
If I receive actual Cash, I must transfer it into one of my digital methods and not spend the cash until it is in account.
This thread will act as a diary of events, including any situations where I have to "walk away" as the vendor didn't accept X kind of payment.
on 31-12-2016 22:55
on 31-12-2016 22:55
@MI5 wrote:
Surely that applies to all cashless transactions?
Not many banks will refuse a payment for just a few quid.
I think this depends on the type of account you have. They certainly wouldn't refuse me...but my son has a completely different bank account which is his first non joint account for 28 years. No overdraft facility whatsoever. He needs to build up a credit rating you see.
Veritas Numquam Perit
on 31-12-2016 23:11
on 31-12-2016 23:11
on 02-01-2017 12:00
on 02-01-2017 12:00
on 02-01-2017 12:39
on 02-01-2017 12:39
No good for me in the local pub only cash taken
on 02-01-2017 13:24
on 02-01-2017 13:24
on 02-01-2017 14:45
on 02-01-2017 14:45
on 03-01-2017 10:22
on 03-01-2017 10:22
Great idea @viridis! I understand that cashless payments have recently overtaken cash in the UK so this is definitely achievable but wont be the easiest thing to do. I'm interested to see how you get on
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on 03-01-2017 10:31
on 03-01-2017 10:56
on 03-01-2017 10:56
on 03-01-2017 11:07