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Here are some views from people about how they handle paying money in and getting money out and the advantages of using financial services. What do you think?
How do you pay for things?
When I pay for stuff, I pay with cash.
Predominantly I pay by card, but I also pay with cash as well.
Sometimes like if I'm going to buy something expensive, I go and buy with my card if I've got enough money in it, but sometimes for like something out of the corner shop or something I'll buy with money.
I've used my card like once before, other than that it's always cash.
Yeah, I pay by cash unless I'm with my mum.
Sometimes I pay by cash or if something's too expensive for me, I get my dad to use his card and buy it for me.
How do feel about paying by card?
I think it's really easy because you don't really need to go to the bank, take out money, it's just quick and easy.
It's kind of like an ego boost like, you know, got the card, but it's not something that I personally would do.
I wouldn't necessarily pay by credit card if it was me, but I would pay buy debit card.
I think it's easier to pay for things with cash because then I know exactly how much money I'm spending, I think if I use the card I probably go a bit over budget.
When might you pay for something by cheque?
I think it's alright to pay with cheque if like you bought something expensive and big.
I'd use cheques for bigger amounts of money like if I'm going on a school trip or something and then cash for every day really.
Cash would be better if it's face-to-face, I think a cheque would be better if it's by post or something.
I would use it for stuff like bills and that, not something small.
Probably for a school trip so then if they lose it or if I lose it on the way then it can't be used.
Paying with a cheque is a lot easier and you know, you can handle large sums of money with one piece of paper then.
How do standing orders and direct debits help you manage your money?
I don't know what Standing Orders are.
No, sorry, I don't know what a Standing Order or Direct Debit is.
Standing Orders are quite good because it comes out of your bank account without you having to sort of do the transaction yourself, so it's easy and gets on time to the people that you have to pay.
You know that it's going to come off every month, so you already know that that money won't be there for you to spend at the end.
I actually have a Standing Order so I take a hundred pounds out of my current account and put that into my savings account every month and I think that helps a lot because I'm not having to do it manually, it does that automatically for me then. But then I can also change that so if I wanted to make it less money or if I wanted to stop that for a month is I wasn't earning as much as I usually would, then I can do that.