red750

July 6, 2023

I copied this from Facebook.

Interesting Cash vs Card debate. Any thoughts?
Why we should pay cash everywhere with banknotes instead of a card…
- I have a $50 banknote in my pocket. Going to a restaurant and paying for dinner with it.
The restaurant owner then uses the note to pay for the laundry.
The laundry owner then uses the note to pay the barber.
The barber will then use the note to pay for shopping.
After an unlimited number of payments, it will still remain $50 value, which has fulfilled its purpose to everyone who used it for payment and the bank has jumped dry from every cash payment transaction made.
BUT
IF I go to a restaurant and pay digitally via Card,
- the bank fees for my payment transaction charged to the seller are roughly 3%, so around $1.50
(and so will be the fee of $1.50 for each further payment transaction)
- for the owner re laundry or
- payments of the owner of the laundry shop,
- or payments of the barber etc.....
Therefore, after 30 transactions, the initial $50 will exist as only $5, and the remaining $45 has become the property of the bank … thanks to all of the digital transactions and fees!
Use it or lose it folks…
Once it’s gone, we won’t get it back!
Cash is king!

July 6, 2023

4 hours ago, pmccarthy said:

I see lots of people described as 'a proud nunanjali man' or similar.

Maybe they are LGBTIQ.

July 5, 2023

1 hour ago, Old Koreelah said:

every time I spend money, the bank makes a record

That's the whole crux of the matter. No privacy. Every time you blow your nose, someone has a record. You don't have to be breaking the law to want privacy.It's no-one elses business what I buy or where I spend my money. Just suppose I went to a brothel. (Not that it would do me any good, due to surgery I am permanently impotent). But if I did, whose business is it but mine?

July 5, 2023

43 minutes ago, octave said:

This is not the case these days

This happened one week ago. Standard policy with CBA. First they text a netcode to your phone, then impose a 24 hour delay. They email you with details of the transaction, which you can block if it is fraudulent.

July 5, 2023

How do you teach kids the value of money without cash? Does the tooth fairy leave a debt card uneer the pillow. Piggy banks are a thing of the past. Interesting what you say about the garage sale, octave. If you don't have a bank app on your smartphone, or don't have a smartphone, you're stuffed. I don't have an app. When I bought my car, I took my laptop to the used car yard to make the paymment. Even then, as it was the first transfer to that payee, my bank put a 24 hour Pending on it. The same happened when I made payments to my son and daughter to whom I had not previously made transfers.

July 5, 2023

I have two credit cards which I had when I worked for the bank over 25 years ago. For many years I had to rely on them to avoid debt collectors on such things as gas, electricity and rates. I don't use them now except for very limited online purchases (two less than $40 in the last 2 years), and for parking stations which don't accept debit cards. My debit card is with a different bank, and my savings account is with this bank but can only be used through the debit card account (ie, no direct debits or withdrawals.)

My credit cards, which used to be maxed, have been paid down by $2,500. These are my only debts. My credit rating has dropped a few points because I haven't applied for credit for years.

July 5, 2023

I usually draw cash if I'm buying something that has a minimum spend for card or pay a fee (eg. Lotto ticket), or if I'm buying something for less than a dollar - hardly worth using the card. )(A bottle of sparkling mineral water is 85c at Aldi, 90c at WW.) I'm a skinflint.

July 5, 2023

July 5, 2023

July 5, 2023

July 5, 2023

Did you know that the first nations persons performing Welcome To Country ceremonies were paid to do so?

Broken Hill City Council has caused a stir by deciding to stop making the payments.

July 5, 2023

If you use Woolies self checkout, avoid the Card Only checkouts, and there is a Withdraw Cash button so you don't need to make a purchase. Used it a few times when I need cash.

July 5, 2023

Paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected and is frequently humorous.

(Winston Churchill loved them).

1. Where there’s a will, I want to be in it.

1. The last thing I want to do is hurt you, but it’s still on my list.

1. Since light travels faster than sound, some people appear bright until you hear them speak.

1. If I agreed with you, we’d both be wrong.

1. War does not determine who is right – only who is left.

1. Knowledge is knowing that a tomato is a fruit. Wisdom is not putting it in a fruit salad.

1. They begin the evening news with ‘Good Evening,’ then proceed to tell you why it isn’t.

1. To steal ideas from one person is plagiarism. To steal from many is research.

1. I thought I wanted a career. Turns out, I just wanted pay checks.

1. In filling out an application, where it says, ‘In case of emergency, notify:’ I put “DOCTOR.”

1. I didn’t say it was your fault, I said I was blaming you.

1. Women will never be equal to men until they can walk down the street…with a bald head and a beer gut, and still think they are sexy.

1. Behind every successful man is his woman. Behind the fall of a successful man is usually another woman.

1. A clear conscience is the sign of a fuzzy memory.

1. You do not need a parachute to skydive. You only need a parachute to skydive twice.

1. Money can’t buy happiness, but it sure makes misery easier to live with.

1. There’s a fine line between cuddling and holding someone down so they can’t get away.

1. I used to be indecisive. Now I’m not so sure.

1. You’re never too old to learn something stupid.

1. To be sure of hitting the target, shoot first and call whatever you hit the target.

1. Nostalgia isn’t what it used to be.

1. Change is inevitable, except from a vending machine.

1. Going to church doesn’t make you a Christian any more than standing in a garage makes you a car.

1. I’m supposed to respect my elders, but now it’s getting harder and harder for me to find one.

P.S.: I didn't do the numbering - straight copy and paste.

July 4, 2023

Foxtel is rerunning The Big Bang Theory for about the sixth time. They have had a lot of cameos by people playing themselves, eg. Steve Wozniak from Apple Computers, Steven Hawking, Stan Lee (comicbook writer), and I think they had Bill Gates and Elon Musk on as well.

July 4, 2023

Banks are now making some branches "cashless". On Chnnel 9's Today, a woman claimed she could not withdraw money from her ANZ Bank account because it was a "cashless" branch. She transferred her entire balance to another bank where she was able to withdraw it. Karl Stefanovic said it was like a pub with no beer. As the topic title says, thin edge of the wedge.