How many zeros are in 1 lakh?

When you're asked to write a cheque for $1,000, it can feel like you're being ripped off. Not when you're told the cashier will give you $1 in change. Unfortunately, a cash back policy doesn't make up for the fact your bank also charges you a $2 fee for each transaction. So it's not like you're getting $1 back anyway. There's also the humiliation of having to ask someone for cash because you "don't have enough on hand." Not that I've ever done that. I mean, if I do, I promise I'll make sure you're not around.

The Solution

The solution is obvious. You either need to make more than $1,000 or you need to find a better place to cash your cheques. Sadly, both options are expensive. So instead of finding the cure, the disease is just going to have to remain. Hopefully one day we can have a system where money is as good as gold.

The Cost

It's always a pain to spend money you don't have. Especially when there's no guarantee you're going to get your money back. Even using a credit card on a purchase you could quickly blow out your budget. So the question is, how much are you willing to spend? The cost of an additional 1% cash back on all your credit card purchases is $2 per day. Or you can spend the extra $40 per month on a savings account that only pays off in rare instances. It's a tough choice. But at least you'll know you're not wasting your money.

Who Cares?

The people with limited funds shouldn't have to. That's the point of a cash back policy. It's not about whether or not you care about the environment. It's about whether or not you want to waste your valuable money on something as frivolous as a coffee mug or a pair of shoes.

What About Bitcoin?

Now, if you're looking for an alternative, you have multiple options. Bitcoin is a cryptocurrency that is designed to be as easy to use as possible. It was designed with the notion of being more ‘ecological' in mind. There are no transaction fees and the mining process is completely energy-efficient. The only downside is there's no guarantee you'll be able to spend your money when you want to. Because there's no governing body in charge of regulating bitcoin. This means it can be difficult to verify the amount in your account is actually what you're supposed to have. In some cases, you could lose all your money. Fortunately, this hasn't happened yet.

Final Takeaway

Do you feel like you're being ripped off by your bank? Are you looking for an alternative to high-interest loans and expensive cash cards? Do you want to spend as little money as possible on something as frivolous as a coffee mug or pair of shoes? Then you need to read our review of the Cashback App. Not only do we discuss the good and the bad, but also how to make the most of the app. As you'll soon discover, it's one of the best ways to earn cash back on all your purchases. Even if you have a modest bank account, you'll be able to make frequent withdrawals. So, what are you waiting for? It doesn't hurt to ask. Just make sure you're not caught off guard when the cashier gives you a strange look when you ask for 1000 bucks worth of pennies. Better to come prepared.