Cash under fire

According to the recent Visa Payment Attitudes Study, we lose on average $365 each year by using cash instead of cards. This consists of $80 worth of idle change just lying around the home, car or office, and $285 worth of unused foreign currency lost after trips abroad. You can read a Visa blog post on this here.

Regardless of whether you believe these figures are correct or not (they certainly don't bear any relation to my life), the fact remains that cash isn't going anywhere soon. As much as the likes of Visa would like to see it gone, it remains popular with a general public who find it convenient and secure and who, more importantly, remain indifferent to heavily hyped contactless cards.

Now, where's my wallet? I need to grab a fiver so I can buy a mid-afternoon snack.