How Money Moves – How We Use Our Money

The article discusses the various ways in which people use and store their money, including cash, electronic transfers, and credit/debit cards. While cash remains popular for its anonymity, electronic transfers offer convenience and are easier to trace. Credit/debit cards are the most common form of payment for transactions of $25 to $100, while transfers are most common for transactions of $100 or more. The article also notes an increasing trend of people storing their money in personal safes, behind walls, or in other non-bank locations. The importance of accommodating electronic transfers for condo fee payments is also highlighted.