IS it time for me to start carrying cash?
That is the question I asked myself this week after, again, going through the embarrassing process of holding up a supermarket line, due to my card being rejected.
It wasn’t because I don’t have enough money in the bank, but because I choose to distribute my funds between more than one account in an attempt to save money.
But, every time I hear that rejection beep from the EFTPOS machine, I regret this effort.
For me, the rejection of the card itself is not humiliating. Instead, it’s the ridiculous performance that you display to the cashier, and to the three people behind you in line, that is embarrassing.
You know what I’m talking about. It starts with you profusely apologising and rambling some stupid excuse as to why your card has been declined.
Then you spend five minutes or more trying to log into your online banking to transfer the money required.
While doing this, you are still apologising, but also, internally, you are having a meltdown, stressing that you don’t have enough funds to cover the shopping bill.
Finally, the money is transferred, but then the online banking app ‘times out’ and then you have to go through the entire process again.
At this point, the other shoppers waiting in line have become restless and are no longer understanding to your situation – instead, they have grown to be annoyed.
Okay, the money is there and now you can tap your card.
The EFTPOS machine makes the ‘ting’ sound of approval and, finally, you are free.
As I walked away from this whole embarrassing situation, I asked myself ‘why don’t you just get cash out weekly, so that you can avoid this happening again?’.
I know I am not the only one this happens to because I have been one of those impatient people waiting in line when it has happened to others.
But, have we all become too accustomed to ‘tapping’ our cards and relying on EFTPOS payments that we actually don’t realise how much money we are spending?
I mean, that seems to be the root of my problem.
I tap my card several times a week and several bill payments are automatically taken from my account, and then, all of a sudden I have no money left to use at the checkout.
Maybe the secret to spending less is keeping track more by using cash.
I would love to know your thoughts.
Until next week, keep your glasses full. Cheers x