Cash Is Still Top Payment Method
April 27, 2009 by John
Despite all the reports about everyone living beyond their means on plastic, hard cash is still the king apparently.
According to research by the British Retail Consortium, we used notes and coins for around 56% of all payments during 2008, with cash used on 33% of occasions in shops.
Cash is still popular as a means of budgetting of course - you’ll here many people say that they can manage their money better when they see what they actually have to spend.
[...] huge number of credit and debit cards in circulation in the UK we still pay for lots of purchases with cash. But a chap called James Allan has tried to prove that you just don’t need to carry any cash [...]