Weekly Thoughts 23 September 2016

What I write about here is a simple and maybe practical thing that some folk might find helpful. Do you ever, for example, book tickets over the internet for a show using your credit card and end up booking for 10 other people? This seems to happen almost every month to me. Not expensive shows, but nevertheless little shows or music recitals at schools or the like here and there. We regularly end up doing these bookings for friends or groups at the same time, which means I often land up doing the block booking with my credit card. Then do you ever think that when you’re paid back by the folk you’ve booked for, which is usually in cash, that the money never seems to get back to the place you paid it from? You end up seeming to have spent it on something else that you might not have bought if you didn’t have cash on you. Or it feels like you don’t even quite get paid back. If I’m paid back by EFT, then I simply transfer the money back to my credit card, which you should go and do. It’s the concept of all this that often plays on my mind, the concept of my money allocation and the different places I keep it and manage it from. Cash just seems to go away.

Well, if this strikes a note with you, what I do in these events is put this cash aside in a separate place in my wallet or car and I make sure I use it for petrol, something I would have had to buy anyway. I don’t let myself use it for anything else and I don’t regard it as disposable cash in my wallet. It’s a long time since I’ve deposited cash into my account so this works for me. As I said, maybe a practical money movement tip for the benefit of someone.