No Cash, No Worries

I don’t carry much cash. In fact, right now I have $1 in my wallet, and that’s it. I don’t visit ATMs with any frequency, either. I’ve just been a credit card carrying consumer (say that fast five times…). In a break from the majority, however, we pay off our cards every month. So I don’t think I’m abusing credit. I’m certainly not overspending my cash!

If you’re at all like me, here’s something that may be of interest to you: the trend toward using phones to pay for services and purchases. With the advent of the smart phone, it is easier for stores – and consumers – to use a mobile device for a transaction.

My last trip to the Apple Store bore this out. When I had the software I needed, I asked where to pay. The friendly-guy-in-the-cool-t-shirt looked at me with a smirk. “Right here,” he said, as he pulled out his iPhone, I gave him my Mastercard, he swiped it on a little attachment to his phone, and we were done in about 40 seconds.

“Cool,” I thought.

Read this to learn more about the cashless — and cash machine-less — future. It’ll be here very quickly.

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