Thanks to Larissa Faw of Forbes for her coverage of our little payments experiment. Faw covers Milliennial women workplace trends, with a focus on entrepreneurs, finance and innovation. We at CEME are grateful for the interest in our experiential learning module.
These experiments also found that Millennials aren’t overly concerned about their privacy [...]More... →
Ravi’s inexplicable good fortune won him the $100 prize from MasterCard, and Brooke took the dinner prize for best blog entry. Congratulations from Kim, Ben, and the Center for Emerging Market Enterprises!
Thank you to all who participated, and stay tuned for future research on the cost of cash.More... →
I started out thinking that I would have at least some instances where I would be frustrated by being restricted to cards for a week, but I think the most interesting story is that I went almost an entire seven days without even noticing that I had no cash on me. I did have to [...]More... →
This was a challenge, especially when the world is programmed to use cards. One would think that using cards would save money versus using cash but that isn’t true. I can tell you I did cheat a couple of times but it wasn’t intentional. My day 1 started with me stuck at home finishing a [...]More... →
Living without cards for a week resulted in some interesting habits. For one, I developed a fear of being without small bills. I found that I always liked to keep a couple $1, $5 and $10 dollar bills on me. Whether I was splitting a bill with friends, tipping or making sure I [...]More... →
I told myself I was going to blog every day, tens of hilarious stories about my trials and tribulations living in a cash-constrained world. But the truth is, all the trials and tribulations were mundane inconveniences, causing me to walk further, wait longer, and buy later. I avoided short rides on the T without access [...]More... →
I was cashless (swapped out of cardless because I didn’t want to waste a week of pre-paid T-pass). Everything was fine, I even installed levelup and got a bonus $5 which I used to get a loaf of bread at the best bakery in town.
In a recent panic about finding a job and leaving [...]More... →
Since I’ve undertaken the mission to forego cash, I realize that I have been on a mental and physical detox from all late-night outings. An unintended consequence indeed.
First lesson in college: always carry cash when going out, for cabs, dinner/food trucks, cash bars, random homeless person, cute rickshaw boy, etc.
How many of [...]More... →
(Background: Your humble blogger is a self-styled guru of “Zen and the art of cashless living”. With over 10,000 hours of practice in non-cash payments (Here’s one more data point for you Malcolm Gladwell!) in the last 12 years, this blogger has been relentless in capturing and optimizing the hidden value in all payments cashless, [...]More... →
I have to admit: my cashless week was somewhat uneventful. When I first learned that we would be randomly selected to be on either side of this smackdown, I prayed to God to place me in the cashless group. My week was already packed enough as to have to add worrying about the amount of [...]More... →
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