Sweden is Returning to Real Cash

Mike

Mike

Well-known Member
Location
London
After lots of digital fraud and people being conned
out of lots of money, their government is bringing
back cash as a backup to the Debit/Credit cards.
I heard this on the news yesterday and must admit
that I didn't know that they had gone "Cashless".

Cards are fine up to a point, we don't need pockets
full of money to do supermarket shopping, I carry
cash and a card, but I also carry another card, one
that blocks anybody trying to read your cards while
they are in your pocket or wallet, a crime that was
quite big a few years ago.
Read about it, here.

Mike.
 

If I carry enough cash to pay for everything, it makes me feel that I'm spending more (and it means making more trips to the ATM machine) I would probably spend the same amount either way, but I use a card more often than cash.

Also, it is necessary to have active credit cards to maintain a decent credit score.

However, I do not know of even one business where I live that won't take cash, and most businesses here prefer cash. I know of several that add a 3% fee when using a card. I do not use a card when doing business with those places.
 
Mike said:
After lots of digital fraud and people being conned
out of lots of money, their government is bringing
back cash as a backup to the Debit/Credit cards.
I heard this on the news yesterday and must admit
that I didn't know that they had gone "Cashless".

Cards are fine up to a point, we don't need pockets
full of money to do supermarket shopping, I carry
cash and a card, but I also carry another card, one
that blocks anybody trying to read your cards while
they are in your pocket or wallet, a crime that was
quite big a few years ago.
Read about it, here.

Mike.
Click to expand...
There is bound to be several glaring faults with digital currency, but there is no stopping it now. Even with all the pitfalls that are right in front of it's progress. It is a fantastic way for the wealthy to hide their wealth.
 

MACKTEXAS said:
If I carry enough cash to pay for everything, it makes me feel that I'm spending more (and it means making more trips to the ATM machine) I would probably spend the same amount either way, but I use a card more often than cash.

Also, it is necessary to have active credit cards to maintain a decent credit score.

However, I do not know of even one business where I live that won't take cash, and most businesses here prefer cash. I know of several that add a 3% fee when using a card. I do not use a card when doing business with those places.
Click to expand...
I try to leave home base prepared for anything. I carry credit card, cash, and checkbook. Several years ago, that practice saved my bacon.
My credit card had been fraudulently used and the account was closed, a new card on the way. At the grocery store, where I always paid by credit card, I tried to pay with a check.
Fred Meyer said no, this was a departure from my regular habit and they would not take my check. At the service counter where I'd been moved out of the way, they finally accepted my cash for payment.
I believe there is one more precaution I can take: I should be carrying a second credit card for emergency use.
 
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As far as I know, so far, it is the odd coffee shop that
won't take cash, all other establishments accept both,
I don't have any credit cards, only debit ones and as
they are attached to an actual Bank Account, I only
have enough in them to go shopping, plus also some
cash, I don't want too much in any one card.

Sweden had gone mainly to cards only, from what I
have read, I wouldn't like that, all your money in your
pocket, this is why I have multiple cards, the master is
at home.

Mike.
 

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