this post was submitted on 29 Jul 2024
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Privacy

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I had two reasons, the first is because i found it way too easy to spend on my card without thinking, and the second because I wanted to regain a bit of privacy alongside everything else I'm doing. Ive set it up in my bank that on payday, an amount of my salary automatically goes to the bills account, some goes to long term savings, some to short term savings, then the rest I take out in cash.

It really does change my perception of spending I think: Ive found myself not buying things because I didnt want to break a note and carry change. I can physically see how much I have left. I can take £20 to the pub and leave when its finished. Plus it feels really good knowing every single transaction isnt stored forever. I have a small amount of money on a contactless ring for emergencies like a bus fare or somewhere that unexpectedly only takes card.

Is anyone else still predominantly using cash day to day?

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[–] [email protected] 18 points 3 months ago (5 children)

I'd love to but since tons of credit cards charge fees to the store, shops increase their prices on menus and items to account for this. On top of the fact that I receive points for purchasing, I'd be losing money if I were to be using cash alone.

[–] [email protected] 8 points 3 months ago (7 children)

since tons of credit cards charge fees to the store, shops increase their prices on menus and items to account for this.

why does this stop you from cash? you're still charged the same

[–] [email protected] 1 points 3 months ago

maybe even less if he doesn't buy stuff for same reasons as OP

[–] [email protected] 13 points 3 months ago

That's their point, they don't get a corresponding discount for using cash.

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[–] [email protected] 6 points 3 months ago (3 children)

I also want to pay more in cash to reward businesses for still allowing you to pay in cash as I'm noticing more are going cashless. I'm occasionally reliant on cash so I don't want to end up stranded on those occasions where I can only pay cash, so definitely want to ensure the option remains open. The privacy is a benefit too of course.

I think at the moment I mostly buy "important" stuff in cash and everyday stuff with card. Important like a new computer or something, because I'd plan to have that computer for a while and don't want it easily traced to me. Everyday stuff like food because, while I completely understand not wanting the state/banks/etc to know anything about you, I personally don't care too much if the state knows what I eat. Would be nice to eventually become one of those people with no footprint at all though.

[–] [email protected] 9 points 3 months ago (1 children)

Anyone in a 14 eyes country is essentially impossible to achieve zero footprint, but assuming they're not actively looking into your network packets or searching for you on CCTV its feasible to have a relatively low footprint. I'm essentially trying to eliminate as far as practical, any data points I'm just giving away for free for no reason, especially to corporations and advertisers.

[–] [email protected] 5 points 3 months ago

Afraid they almost definitely are actively monitoring all my above-ground activities lol, I'm in a country getting quite a bit of international flak for cracking down on political dissidents. Won't say any more than that, tbh that doesn't narrow down my location much with the current state of things anyway. But yeah I agree, I want to minimise the amount of data accessible about me.

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[–] [email protected] 5 points 3 months ago

I only use cash at places that have a purchase portal as complicated as giving change. You want to hand me a tip machine on a stick without tap pay and select a tip amount on a tiny shitty touch screen? You can count my change, thanks. Hopefully we see some traction in public opinion regarding privacy soon. Until then banks are selling your data, but the infra is required to live a modern life.

[–] [email protected] 6 points 3 months ago (1 children)

My bank recently got rid of their own contactless payment app and now I am forced to use Google pay. You have to accept Google's privacy terms and they'll have access to all your transactions. No thanks.

Beyond that I quite like using tech. Still waiting for bitcoin to take off after more than a decade. For budgeting you can use programs and it'll notify you real time on your expenditures.

[–] [email protected] 6 points 3 months ago (3 children)

This decision was helped by moving to GrapheneOS and losing Google Pay, definitely. (And Degoogling for other reasons at the same time). If I have to carry a card I may as well carry cash, a few folded notes are the same footprint as a card and as I mentioned, I try not to break notes if I don't have to, so I'm not carrying change often.

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[–] [email protected] 5 points 3 months ago

With the exception of my early college career (pre-dodd-frank) I never really stopped using cash. It's much harder to budget using a card even though these days you can check your bank balance from your phone.

[–] [email protected] 4 points 3 months ago (1 children)

In the US, I've noticed several places, mostly restaurants that now charge a convenience fee for credit card transactions. Double bonus for cash. I've even started using checks again as they don't have a fee.

[–] [email protected] 6 points 3 months ago (1 children)

That's actually illegal in the UK, to charge a fee for card use. Just means everyone pays more in increased prices, although most people in the UK use card for everything so for the population as a whole its probably a money saver, if not a privacy saving policy.

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[–] [email protected] 3 points 3 months ago

I should start using cash too once I find my wallet. And that means I will be able to give some money to the homeless

[–] [email protected] 6 points 3 months ago

I love the occasional "thanks for not requiring change!" that comes from it.

[–] [email protected] 4 points 3 months ago

A small addition to the discussion - I pay in advance with cash for 10 coffees at a cafe I go to several times a week. Its an informal arrangement, and a very small independent cafe (these are common in my country). If you have a regular spend somewhere ask if they could do this. Obviously it doesn't work for all things. I wouldn't do it as a pay later type of tab though otherwise you’re back in credit land. It works for me as its the best coffee in my area, an indie outlet, and they threw in 1 free per 10 paid for. They get my loyalty I guess and money in their bank (or cash in the till)- also bypassing the 3 or so middle men orgs between my bank and their bank by way of visa etc. which is another big motivator for me - we are being reamed in our country with up to 3% charge for using a credit card. Maybe thats common globally?

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