I’m trying something new and moving away from using my Debit card and withdrawing actually cash to pay bills and buy groceries and the stuff I need. One of the big reasons for doing this I have been hearing the term “Bank Holiday” bandied about lately, and a couple of stories of electronic purchasing systems going down causing chaos in stores. Then there was that Bank of America story that they (BoA) would hold your cash for 7 days before allowing a withdrawal. So I thought I’d forgo that whopping .025% and make sure I had some greenbacks to make purchases and pay bills.
I’d like to say it was a seamless transfer but I did hit a couple of bumps along the way. I knew I paid a lot of my bills online but I didn’t realize just how easy it is to just press a button and it’s paid rather than going down to the city to pay the water bill in cash. My attitude changed as well at the local grocery store. Swiping the card is quick. So quick you almost don’t think about it. Now I always have it budgeted about what I will spend, but I focused on the budget not the actual dollars I was spending. When I had to break a $20.00 or a $100.00 bill how much I just spent seemed more real. My attitude about my surroundings changed as well. I became much more aware of who was around me just by carrying cash. I changed from being somewhat blase’ to actually looking for threats. Not paranoia, just a heightened level of awareness.
So far I think this a good idea, though I have some extra steps to take and some more tweaking to do with this system. I think I ‘ll have most of the kinks worked out pretty quickly.
P.S. Bonus, I can collect all that change I don’t normally get and save it in the coin jar for a “Fun Day” or next year’s gift fund.