A Hard Day's Pay

It's been said that our generation does not know what a hard day's pay is. Don't blame us though. With direct deposit, all the money coming from work is just numbers on the computer. No longer do we have the gratification of receiving/depositing a check on pay day.

We may be the generation that actually sees the existence of physical cash disappear in favor of digital currencies. MIT is ready to test Bitcoin on their campus by giving $100 worth of Bitcoin to every undergraduate. While the use physical money may be dissipating, it doesn't mean that financial irresponsibility will increase. We just have to adjust how to mange and view our assets; I'm always frustrated when people state that cash is the best method of being financially responsible. It's easier than ever to analyze an individual's financial situation with services that aggregates most financial institutions (e.g. Mint.com); one can simply view saving/spending/investing trends and create budgets. This took a conscience effort with cash which I had/have no interest of making.

Or maybe they say the younger generation don't know what a hard day's pay is since the older generations have given their children everything they ever wanted or needed.

Woot! It's Pay Day!