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COVID-19 shouldn't kill cash!

By Mal Fletcher - posted Friday, 27 November 2020


Once you've removed all the cash from any given envelope don't spend any more in that category until your next payday. You need to behave as if once the cash is gone, it's gone. Again, this method gives your money substance.

The Buck Shouldn't Stop Here

The expediency of cashless payment systems shouldn't spell the end of cash. We can use both in a balanced lifestyle.

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Virtual money systems may seem sexy, because they're relatively new. But abandoning cash altogether would open a Pandora's box of challenges - to our civil liberties and autonomy. It would create potentially higher levels of digital debt and lower levels of financial security.

It would leave us open to greater intrusion on the part of BigTech and big government. It would expose us to insidious criminal activity and, through an over-engagement with technology, challenge our cognitive skills.

Do yourself a favour: don't give up on cash because of Covid-19. Enjoy the convenience of cashless payments, but don't consign cash to the history books just yet.

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This article was first published in 2030Plus.

 



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About the Author

Mal Fletcher is a media social futurist and commentator, keynote speaker, author, business leadership consultant and broadcaster currently based in London. He holds joint Australian and British citizenship.

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Creative Commons LicenseThis work is licensed under a Creative Commons License.

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