How Many Coins Do You Carry?.One of my personal frustrations with money is carrying cash, more specifically coins. While admittedly my jet-setting isn't the best benchmark for comparison, I am often disappointed in the ability to leverage the full utility value of cash. Take for example loose change, which over time with inflation has seen its' buying power decrease to levels that make carrying coins undesirable. Let's face it, there isn't much you can buy with coins in an urban environment, other than public transport or parking meters. If your like me, they always end up in a busker or beggars hat. In a recent poll, carried out by Visa Europe revealed that Irish adults carry an average of €23 in cash on a daily basis. While Personal-Finance blogger J. Money lists four reasons you should always have at least some cash on you.
- Not every venue accepts plastic. Examples: toll booths, some cab companies, vending machines.
- You can't always find an ATM.
- Cash makes it easier to split the check fairly.