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Back in 2009, the rock band Oasis had some technical problems with a gig in Manchester.
The band and the crowd were pretty displeased with the show.
So, the band decided to refund the ticket prices to all the attendees.
But…they decided to do something unique…and very smart.
They paid the refunds by paper cheque.
And they put a cool “Oasis” logo on the cheques.
And the two most famous members of the band, Noel and Liam Gallagher, signed the cheques personally.
All three of those things were pretty unusual.
Why did they do all that?
Because they hoped that many of the fans would think that cheques were so cool…and potentially valuable…that they would NOT CASH THEM!
And if they didn’t cash them…the band would save all that money in refunds!
Pretty darn smart.
I mean, if your favorite musician, actor or artist sent you a signed cheque for $40, would you cash it?
I wouldn’t! I’d either sell it for MUCH more than $40 or hang it on my wall.
And, even though you’re not famous, using cheques to pay your bills might be a smart money move for you too.
Some places charge fees to pay by credit card or debit card (because the processing companies charge THEM fees). You may save money by paying by cheque.
Paying by cheque can give you extra “cash flow” time since it takes longer for a cheque to go through the mail than it does for an electronic payment to process.
And many other reasons.
Are cheques the smart way for you to pay some of your bills?