Can someone live without a bank?
January 28, 2010 3:55 PM Subscribe
I'm starting to toy with the idea of ditching banks altogether. Can it even be done? Has anyone successfully done it?
posted by Willie0248 to Work & Money (26 answers total) 2 users marked this as a favorite
I'm usually a very rational man, I assure you. However, when it comes to using a bank/credit union my irrational principles and control issues go to 11. I am opposed to the whole system for a number of reasons ranging from the somewhat valid to the nutball crazy, but I've always considered it a necessary evil. I guess my question is whether this "evil" is actually necessary.
I suppose the biggest hurdle would be finding a way to pay bills. I don't think anyone but the water department takes cash, and paying anything over the internet would be basically impossible.
The next problem would be finding a way to get paid, since most employers use either direct deposit or a check.
So is it possible to live in today's world without being tied to a bank? If it's possible, can it be is the sacrifice of convenience unreasonable?