Tag Archives: cost

My 7 Month Cashless Experiment

Now, I am not saying that we should eliminate money. At this time, there are simply too many political, logistical, and social issues that will stand in the way of that Utopia. However, I am suggesting that we go Cashless. There is a difference. Money is what we use to trade for goods and services. Cash is the physical representation of money. Since January of 2014, I have conducted a small experiment. I decided to discover the impact and consequences of going cashless. I am the type that wants to be as unbiased as possible, and if I am going to complain about something, I am going to know what I am complaining about, and bring up realistic solutions to whatever my gripe is.

So, what did I rely on, and what happens when someone gave me cash? Well, what I would always carry will be my photo ID, my Google Wallet card which has all of my discretionary money, and if needed – I could transfer money from a credit card to my Wallet account. Last I had my Public Transit card. The ID had nothing to do with going cashless. However, to ride the public transit system, I used the Public Transit Card. When I needed to refill the card, I used a credit card, or my Wallet Card. So what happens when someone handed me cash? Well, I placed it in an envelope and would take that money down with me the next time I would be close to my bank. Once a month, I will take $10 of that cash to do laundry. This is because the Laundromat in Troy Hill supports only cash. Once my money was deposited into my bank account, I can then pay bills, or transfer to my wallet. Also, the shoe repair shop will require a minimum of $10 for cashless transactions. If need be, I will get cash – but will be spent within 15 minutes to address the shoe repair. The only other instance in where there is some form of physical representation will be my Landlord and sending him a check. However, I pay my landlord through the bank’s site and they mail him a check with no additional cost to me. However if my Landlord would take Google Wallet, he could get his money in minutes on the first rather than maybe the 3rd – 5th of the month, only to have to take time to deposit it.

Again, let’s go into the difference between cash and money. Cash is a physical thing. You can touch it, and put it in your pocket. It can be stolen, lost or given away rather freely. Money is the backing of a government and promise to honor a means of trade without having to rely on goods. At one time, cash and money was one and the same. Then came the banking system, and computer transactions. Think about it. If a Millionaire went an bought a $400,000 car – do you really think he is going to bring a briefcase with $400,000 in the dealership? No, he is going to write a check. That check is a promissory note of $400,000 that authorizes the bank to take that money and give it to the dealership. Now, do you really think that banks send large sums of money to each other? In a time before computers – yes. There would even be $100,000 US Notes that could be used to purchase something. These were typically used between banks. Now, it is a simple modification of a computer system and databases. Already – most of the money that transfers and used in commerce is digital. So what are the reasons for not going cashless? Well continue reading

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Not much happened today. I made some progress on my work, but will have to make some changes. This will affect many documents, but it will be done nonetheless. I also done my laundry, although the cost was a little higher than expected. I split my clothes into two dryers to cut on the time. Most of the clothes from one dryer was completely dried while the other dryer was still damp. This meant I moved to the better dryer, and did another time period.

I caught up on some TV shows with Hulu, and updated my media player. Otherwise, things have been pretty quiet. As for plans for tomorrow, not much is planned. I will have a dental appointment for both tomorrow and Thursday. I will also need to get another bag of dog food as I opened my last bag. I should have enough cash on hand to pay for everything though.

Why I Dropped Netflix

A few days ago, I dropped Netflix. There were a few reasons, and while finance is a small part, it was not the big reason. Ever since Netflix forced their customers to pay almost $10 more per month to have streaming, as well as DVDs. Now, I am sure that some people might say quit complaining, it is only $8 more. However, that is not the point – as I said, finance is not the big reason.

I dropped Netflix down to 1 DVD at a time, and no streaming. However, since I went to 1 DVD, it seems as if DVDs take longer to process either receiving or sending. This has at a couple of times took almost a week for them to send a new DVD after I sent it. This means that my value has decreased. If I went to 2 DVDs, they magically get processed in a reasonable time frame. So why wouldn’t I add streaming, or just go streaming?

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Not Impressed for iPhone 4

The mighty iPhone 4 was unveiled and would be on sale in the US exclusively with AT&T. In a matter of fact, AT&T is even going to be so gracious to allow anyone whose contract expires this year to get an iPhone 4 with just the upgrade fee + phone. And I’m sure Steve Jobs of course spin his tale of how the iPhone 4 is the perfect best thing ever, and such.

And I would admit, there are some things that the iPhone 4 has to make it a worthy phone. However, the few good things only makes the many bad things about it that much worse. So, why do I say that the few good things only makes it much worse in regards to the bad. Well, because otherwise it would be incompetent design, however – Apple has decided to do incompetence by design.

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