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One Year of Real Money #cash #credit #debit

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Coin Slot

Last year in June I wanted to use an ATM in France, due to the illogical layout of the ATM keyboard I managed to get the message that my debit card was blocked. I was lucky that my girlfriend also had an ATM card, so the holiday wasn’t washed out.

I didn’t think it was important enough to get my plastic back – I procrastinated – as there was no problem paying in cash … most places. Notably in company canteens, it looks like for efficiency and security reasons many of the canteens in companies I visit require plastic, even for the vending machines. Naturally this was no trouble for me as I could always find a friendly person who would be willing to pay for me with their plastic and take cash in return.

Just because you’re paranoid
Doesn’t mean they’re not after you.

Territorial Pissings, Nirvana

I had also neglected to request a new credit card after the last one expired – I am not automatically send one – so I suddenly started to lose subscription that I had had for a while. The only exception being December when my domain names were about to expire when I asked a friend of me to charge to his card in return for cash, he gave them to me for Christmas.

After 7 months without plastic I was starting to see living without plastic as a challenge. By only going places where they accept cash, which were less than I expected and even not so large denominations are often refused due to the lack of small change in the cash register. Some businesses are traditionally cash only or primarily cash, although I slowly saw a shift that these companies where taking to plastic with the push by banks and the government to accept plastic for smaller and smaller payments. And afaik even making it punishable by a fine to levy a tariff for plastic payments.

After 12 months when I really needed some money I decided to see whether the canceled card was truly canceled and discovered to my surprise that the card hadn’t been canceled at all. So I started using plastic again, although just to get cash. Cash rules!

Image source: Bill McKay

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Written by Daniël W. Crompton (webhat)

September 2, 2011 at 4:37 pm

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Yuan Better Than Lottery? #money #finance

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Money collecting - This man brings out his money collection for people to see. He quickly names off prices of old renmibi as curious onlookers flip through his collection.

I think the RenMiBi ¥, Yuan, is probably a better investment than the US Dollar $ and Euro €. Had I invested the €10 a month that I didn’t spend on the Lottery in the Yuan I could have earned 20% in the first 6 months or 10% had I held on to it until 2011. With $10 I would have earned nothing for the first 6 months, and I could have ended the year up 5%. As a Dollar investment it looks like you can’t lose investing in Yuan, and with the adjustment of the currency basket in 2008 and the fickle nature of the US Dollar the CNY to EUR is more profitable and slightly more risky in the short term.

Image source: Han Xu. Graphs by Yahoo! Finance.

Written by Daniël W. Crompton (webhat)

February 8, 2011 at 9:13 am

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Checking your dollars are real #finance

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Written by Daniël W. Crompton (webhat)

October 18, 2008 at 3:29 pm

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99c #money

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Written by Daniël W. Crompton (webhat)

July 25, 2008 at 12:22 pm

Posted in business, finance

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Monetize your blog

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I saw this Mashable article 3 Ways to Make More Money Blogging covering some more ways to earn money from your blog.

I realize that blogging will never make me rich, and I don’t really care for writing enough to make it my profession. It is a way to leverage your knowledge, if you are sharing you knowledge, to further your other business plans. Personally I do it for love and praise, although it seems I’m losing out on all three points.

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Written by Daniël W. Crompton (webhat)

July 22, 2008 at 2:21 pm

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P2P Money

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The French bank Credit Agricole has been testing a peer-2-peer fund transfer method, students can load upto 30 Euros in an electronic purse which is stored in their Nokia 6131 NFC phone. They can make payments in the cafeteria or send money back to their accounts. They can also transfer money from one student to another.

The transfer occurs using NFC and Bluetooth, and the communication is secured by encryption using keys stored on the phone, one assumes PKI, and funds are exchanged without contacting a central server. The logs are downloaded every time a user recharges his/her purse.

“We have a trace of all the money exchanged. There is no loss of money [and] no money created,” says Nicolas Pastorelly. I’ll believe it’s secure once somebody cracks it.

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Written by Daniël W. Crompton (webhat)

July 8, 2008 at 3:53 pm

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