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COVID-19 has increased discussion on a cashless society

Updated: Oct 9, 2020

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COVID-19 has increased discussion on a cashless society. Dave Ramsey raised some interesting points last week:

  • If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.

  • No more piggy banks for your child to collect pocket money & to learn about the value of earning.

  • No more little jobs on the side because your wages barely cover the bills or put food on the table.

  • No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.

  • No more cash gifts from relatives or loved ones.

How will this impact collection efforts?

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