Who thinks paying for a purchase with all coins annoys customers standing in line waiting? The elderly gentlemen who paid for his purchase with a bag of coins did not think so. The guy in back of me laughed and whispered, “this is supposed to be a speedy checkout line. ” A child standing beside me start smiling. I shared with her memories of those days when many of us counted coins.
1. Today, customers rarely use cash:
Today, customers rarely use cash to pay for purchases. I am guilty of this and so are a lot of other baby boomers who bought into the idea of a cashless society. The guy behind me and the sales clerk’s body language showed signs of impatience as the customer began counting his coins. The gentleman standing behind us whispered, “He must have robbed someone’s piggy bank.” When it was finally my turn, the female sales associate apologized to me for having to wait.
2. We’ve been conditioned to rely 0n direct deposits.
What values are society teaching our children? Maybe we do need to go back to counting and keeping track our money. Seriously, who honestly keeps track of how much money is in their bank account today? It’s much easier to remember what day your paycheck will be deposited into your account?
Millions of people have direct deposit accounts and have been conditioned to rely on this method. Each month they expect X amount of money to be deposited into their accounts.
3. Many people tend to lose sight:
Many people tend to lose sight of how much money they really have in their bank accounts, or on their credit cards. Some people leave it to their accountants to keep track of their money, while others depend on direct deposit. It’s easy to lose track of what your earnings are once you’ve acquired a habit of relying on monthly direct deposits. It takes less than a year of using a direct deposit account to lose track. Once a direct deposit customer acquires a comfortable lifestyle or has reached their savings goal, they lose focus of how much money is in their bank account.
Don’t get me wrong, I value direct deposits for its convenience, plus it saves a lot of paper, and time. However, I think this is a big mistake for people who carelessly spend more than their earning. Maybe using coins, or cash to pay for some purchases is still a good idea.
Written by: Michelle Meadows-Thomas
Teacher,Writer, Spiritual Coach
- First Cashless Country on the Table – Italy? (fellowshipofminds.wordpress.com)
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- MfBs crucial to achieving CBN’s cashless economy policy – Operators (vanguardngr.com)
- The Perils Of A Cashless Society (forbes.com)