A perfect money world

by Kristina Tahnyak on January 15, 2014 · 6 comments

Good morning Dinks.  I have a lot to say today because there is something happening in our financial world and I’m just not sure how I feel about it.  Let me ask you a question, how much money do you have on you right now, in your pockets, in your wallet and in your home? Now think about a world without the option of having cash.  Would you be happier?

As a former bank employee I can’t imagine a world without cash, because as they say (and by they I mean the Wu Tang Clan) cash rules everything around me.  I don’t admittedly carry a lot of cash on me at any given time, but I think that I would like to have the option…I think.  Actually I’m not sure if that’s true.

I think that I would be happy to live in a world without cash if everyone lived the same way.  It would be tough to commit to a world without money if we didn’t have the full commitment from everyone and everything from taxi cabs.  I would also be on board for a world without actually physical cash if our world was just as efficient without it.  Although I’m not sure how that would work.

Let’s consider the options, shall we…

The New Bitcoin Virtual Money.  I am not totally sold on this concept yet because with debit cards, PayPal and electronic transfers I feel that money can already be virtual if we want it to be. The question to ask is do people really want to live in a world with virtual money.  I would love to hear what you think about it.  Have you started using Bitcoin? If so, do you love it or hate it?

The Good Ol’ Barter System.  I am personally all about the barter system.  I think it’s a great monetary system without having to worry about actual money.  I know that some people don’t believe in the barter system because they want to know the actual market value of their items, but that’s not what the barter system is all about.  I don’t necessarily think every single trade has to be worth the same value as the exchange because that’s not what the barter system is about; it’s about people exchanging an item that they don’t want for an item they do want.

Strictly Cash Only.  The thought of having to pay cash for absolutely everything in life from coffee and bubble gum to rent and groceries really scares me.  I don’t like carrying cash in my wallet because if you carry cash you can lose it.  I found $5 on the street yesterday and although I did pick it up, I would be really upset if I lost any money, even $5.  Whenever I do pay for something with cash and the cashier gives me change I always double count it to make sure that I’m not being scrimped on my own money.  When I carry cash I live in constant fear that I am going to lose it or it will be taken from me, so I try to avoid it at all costs.

Photo by RobYoung

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{ 3 comments… read them below or add one }

1 eemusings January 15, 2014 at 5:04 am

I hate hate hate cash and live a cashless life myself. That made travelling in Europe and Asia hard, and going to the US such a relief after that!

2 Kristina January 15, 2014 at 9:43 pm

I try not to carry cash but I have to admit a certain amount of pride comes over me when I find myself paying for something with exact change.

3 Stephanie January 18, 2014 at 10:14 am

I tried the “Cash Only” budget for a few months. Drove me insane because I really had to document every little thing. Why not just use the debit card and all transactions are documented automatically. Of course, the idea is that you have more control over your money if you pay cash, but you have to be extremely vigilant. So it really didn’t work for me.

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