▲ | gwbas1c 16 hours ago | |||||||||||||||||||||||||
Some other nice things about cash: - It's useful with children. A concrete representation of value is tangible compared to an abstract number in a bank account. - It's great for gifts - It's harder to refuse: I've had a restaurant make a mistake and then refuse to charge me. I left cash on the table when I left. | ||||||||||||||||||||||||||
▲ | lxgr 16 hours ago | parent [-] | |||||||||||||||||||||||||
> It's useful with children. A concrete representation of value is tangible compared to an abstract number in a bank account. I hear this often, but I'm not at all convinced it's true. And even if it were: Children will eventually grow up and have to manage their non-cash finances at some point. Why not teach them early? I've had a checking account and debit card since I was 10 years old, and subjectively this has only contributed to being able to treat "abstract" and physical money as exactly the same from a budgeting point of view. > It's great for gifts For in-person gifts. Sending it in the mail is usually a bad idea, as I've personally experienced too often in my life. Also, at least in the US, there seems to be some weird stigma against cash gifts that's created a huge industry of Visa/Mastercard gift cards with horrendous fees and a high chance of falling victim to some kind of scam. | ||||||||||||||||||||||||||
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