Banks slip on their own cards
From January 1, the Federal Law "On the National Payment System" will enter into force. The document has claims from the banking community. The project involves obliging banks to return…

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Retail wins banking business
Retail wins banking business Last year was the most successful in the history of the retail business of VTB24 Bank. He again entered the top three most powerful banks in…

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DIA strips customers of troubled banks
The Deposit Insurance Agency has launched a large-scale campaign to seize money from the population. Subpoenas have already been received by clients who withdrew money from their accounts shortly before…

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poor of the Bill

Cash makes us even poorer

Do you want, as the grandfather of the heroine of one joke, “so that there are no poor”? Take away their money. In particular, cash – coins and pieces of paper. It is the despicable metal, which is in the hands of low-income citizens, and is their worst enemy. On the one hand, it is difficult to consider money as a problem if you can afford to heat a fireplace with them, for example.

Sometimes it seems that all we lack for complete happiness is a certain amount of multi-colored pieces of paper with watermarks. Saying yes to money, you say no to poverty – everything seems to be logical. A bundle of notes in a box with socks is seen only as a guarantee of a comfortable life and carefree old age.

The irony is that most people who love cash and get used to it, do not deny themselves the pleasure of using electronic money. Even those who are demented as credit cards are still buying magnetic cards to travel by public transport, use discount cards when shopping, have a bank account and try to pay for utility bills through terminals so as not to lose time in queues. Of course, it’s difficult to do without cash at all – you never know, you will need to leave a waiter for tea or buy a bottle of water in a stall. But, by and large, the better you feel financially, the less you need cash and the easier it is to avoid having to use it. Continue reading

Dow Jones. 116 years guarding stock markets
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