DEBT045 When was the last time you paid cash for something? (499 words)

As we steadily move towards a cashless society, technology such as “tap and go” has meant that Australian households are one of the most in debt in the world. This article discusses five easy ways to reign in your debt and get your savings goals back on track.

Prior to COVID, we were steadily moving towards a cashless world. Post 2020, even the most resilient of us has made the leap to tap-and-go payments sooner than we expected.

From the morning coffee to filling up the petrol tank, we wave that plastic with little thought to the impact on our account balances.

In fairness to us, many retailers are now adopting the ‘no-cash, please’ trading regime, but we Australians have a reputation for embracing technology and touchless shopping is no exception.