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I’m a huge believer of the internet and think that everything should be doable on the web. We humans do not use the power of technology to the best of it’s capability, and while we are taking steps every day to work toward doing just that, we will always be behind on a few things.

One such thing is payment methods.

Credit and debit cards have been around for decades. They weren’t as widely used before, but they were around, and other than the addition of some data chips, they use the same technology.

That technology is quickly becoming out-dated and irrelevant.

I remember saying to my friend, “I wish we could just scan our phones to pay for things”, as I dug for my credit card in my wallet. I have thought that often when I have forgotten my card at home, or the time my wallet was stolen.

Soon we will likely be able to use our phones as virtual wallets. Making payments with a phone isn't something that is unlikely; in fact, some credit card companies are trying to transition into electronic payment methods, like American Express credit cards.

mobile payments
via http://mashable.com

There will be some pros and cons of a mobile payment structure, such as the following:

Pros of Mobile Payments

Convenience

It will inevitably be super convenient to pay for goods and services with your phone. You won't have to carry a whole bunch of cards around and, I don't know about you, but my phone is always nearby. I have lost several debit cards over the past decade of having them, but never a phone.

Safety and Security

Many people may disagree, but I would say that having a mobile payment system instead of an actual plastic card would be far more secure. You can protect your phone with a password, and make it erase it's memory after 10 failed attempts at guessing the password; while many cards do require a pin to use them, not all of them do, and online payments don't. This leaves you vulnerable to fraud.

Cons of Mobile Payments

Smart Phones

It's safe to say that the vast majority of the population of the developed world under the age of 60 has a smart phone, but there are still plenty of people who don't have them, and they can be quite expensive. If you need a smart phone for mobile payments, it can deter those people that don't have one.

Smart phones are expensive so it can increase the cost of consumerism substantially.

Battery Power

The most frustrating thing is when your phone dies in the middle of the day. I've been there. I imagine it would be far more frustrating if your phone died and your methods of payment died with it. I could just see myself stuck at the grocery store with a dead phone and no way of paying for groceries.

 

There are other big considerations when analyzing the feasibility and benefits of mobile payments, but I think it would be a step in the right direction for the credit card world.

Money, of course, has extensive history; we have had some sort of currency or trading system for eons. We started with the trading and bartering system and it has since evolved to the system we have today. I have often wondered what a world without money would be like, and just like a world without government, it wold undoubtedly become messy and disordered, and most of all, complicated. Even if we didn't have the formal currency system we currently have, humans would find a way to replace that with another system.

Money is fairly simple. Bartering and trading is simple, and so is the other systems that have come after that to acquire things. It's modern civilization that have made money complicated, through excessive spending, insane amounts of debt and a consumerism culture.

This blog has an interesting infographic about money, it's origins, and it's value (and why we value it). I've included it here below so you can check it out.
money infographic

DriverBuying a used or new car is a major decision and a serious investment, so it's only natural that you'd want to get the most for your money.

If you've purchased a new car, you probably aren't planning on reselling it in only a year or two. In fact, today's vehicles are designed to last for upwards of ten years, and even used cars can provide excellent value for money and longevity. To help ensure that your car lasts just a little bit longer, you'll need to keep it in tip top shape. Regular trips to the mechanic and a cleanliness routine can help you avoid serious, costly repairs later on. The following are a few tips that will help you keep running costs low and extend your car's lifespan!

1. Keep it tidy.

Did you know that built-up dirt inside of your car can be abrasive and wear down your carpets or upholstery? Grime and bird droppings could have the same effect on your car's exterior as well, eating away paint and leaving your car looking dull and lifeless. Regular cleaning and waxing can not only help your car look like new, but it can also give it a protective coating free from dirt, grime, and mould.

2. Change fluids and filters.

Whether you've got your eye on a classic used Mazda at Carsales or a brand-new hybrid like a Toyota Prius, you'll keep it in better shape in the long run if you take the time to regularly change air and oil filters. This helps keep the car well-ventilated, so that the engine doesn't have to work as hard. For new and used cars alike, a clean engine is important.

3. Keep your tires inflated.

It may seem like a small thing, but keeping your tires fully inflated can have a major impact on how well your car runs. It also can impact your car's real-world fuel economy. If tires aren't fully inflated, the car will have to work harder to run because of the drag of loose rubber against pavement. This can slow your car down and increase wear and tear.

4. Get regular service checks.

Many automotive experts recommend taking your car in for a basic service and maintenance check at least every six months. This is one of the easiest ways to keep your car running in top form, because a qualified mechanic will be able to spot problems early on before they get out of control.

5. Store in a secure location.

If you park your car out on the street without any covering, it may fall prey to intense sunlight in the summer or extreme cold and moisture in the winter months. This could lead to all sorts of nasty situations from rusted parts to corroded metal. Another problem with leaving your car on the street, particularly at night, is it may catch the eye of thieves. If possible, store the car in a locked garage or other secure area.

With a bit of effort, you can keep your car looking and running its best well into its golden years! This can help you save you the time and effort of buying a new car every couple of years, while saving you money on repairs and fuel in the meantime. It's a win-win for you and your vehicle.