Rebels
In a society increasingly moving towards digitization, it’s easy to overlook the benefits of good old-fashioned cash. It’s quick, easy, and doesn’t require an internet connection. But more importantly, it could be a powerful tool for supporting small businesses and steering clear of hidden costs that digital transactions often entail.
The Journey of a $100 Bill
Picture this: You have a $100 banknote in your pocket. You spend it at a local restaurant. The restaurant owner then uses the same $100 bill to buy groceries. The grocer uses it to pay a farmer, who uses it to buy seed stock. This cycle can go on endlessly, and the value of that initial $100 bill remains constant. Nobody loses, except for the bank that didn’t get a chance to dip its hands into multiple transactions.
The Cost of Convenience
Now, let’s say you chose to pay digitally. On the surface, it may seem easier and more convenient, but it comes at a cost. Most digital transactions entail bank fees, usually around 3% per transaction. That might seem like little, but it adds up quickly.
Let’s do the math. After just one digital payment, $3 is siphoned off as a transaction fee. Multiply that by 30 transactions down the line, and what’s left of your original $100? A meager $10. The rest, a whopping $90, has gone to the bank.
The Ripple Effect
Big corporations with enormous financial cushions don’t feel the brunt of this loss. It’s the small business owners who really feel the pinch. These transaction fees could differ between keeping the lights on or closing shop. Using cash, especially for smaller transactions, directly supports local businesses.
Unseen Advantages
And it’s not just about dodging fees. Cash transactions are:
- Immediate: No lag time waiting for payments to process.
- Anonymous: They protect your privacy and data.
- Inclusive: Only some have access to digital payment methods.
Your Rebel Choice: Support Local, Use Cash
In the Rebel Heart community, we know the power of individual choices. Choosing to use cash is a simple but impactful way to take control of your economic footprint. You’re voting with your dollar and ensuring that it remains in the community, not in a faceless bank’s ledger.
So, next time you’re about to tap that card or click that “Pay Now” button, consider using cash instead. Help keep your hard-earned money where it belongs: in your community, fostering connections and fortifying local businesses.
Please share and spread the word. Let’s make Cash King again!
