A Cashless Society
After finishing all my errands, I'm back on my table working on my laptop sleeve project. But hey, the point of this post is to share with you guys my insights about a cashless society.
Many countries have already been making active efforts to remove cash circulation. I know this sounds too early especially here in the PH but times are changing and it's definitely on its way.Also, it's much more evident now with the current pandemic, it's preferable and better to avoid cash transactions as much as possible to minimize possible contact. Cash can be passed around more frequently than our cc or dc, making it potentially more likely to carry the virus. Imagine this: it's the dirtiest thing to touch on a regular basis.
Faster and more convenient service. Gcash, Paymaya, and other forms of digital payment are now widely accepted in many establishments and utility companies. I can't stress this enough. I hate waiting and long lines and useless faded receipts that are often forgotten and overlooked.
Easier financial management. You can view all your past transactions so you can easily track where your money goes and how it was spent. That way, we can also use our behavioral insights to manage our spending habits. There's a book I read about the psychology of money and it mentions something about - we are more likely to spend on things we don't necessarily need if we know that we have cash on hand. This is true in most cases.
And who likes to carry a bulky wallet and juggling coins in their pocket anyway? Maybe you're still on the fence because of security concerns but honestly, you are more likely to get robbed than hacked lol
Of course, we can't give up carrying cash altogether just yet. And like all other things in life, there are few drawbacks which must be considered as well. But at least let's enjoy the convenience of a cashless system and what it can bring to the table.
P.S. This Minimalism Card Wallet does the job, but with style 😎
