A recent research by the Britsh Post Office unveiled that 71% of Brits planning on going on vacation in the UK this year intends to take out cash before leaving. There have been high increase in cash deposit and withdrawals in Britain. People are going back to cash because they believe that it keeps tighter control on their spending as living costs soar.
It is believed that cash helps people budget, as using it means you literally can count the pennies. Paying with a card or crypto currency make spending easy and convenient that sometimes one tends to overspend. Sometimes one might not even know the balance of his account but with cash you are always aware of how much you have.
What do you think?
https://www.bbc.com/news/business-62437819I don't know how much billions were transferred in this way but its not going back still people prefer the cards so counting paper money can help us to save money is just a myth or for people who is more weaker. But the good thing is they start realizing it so in future either its stored in any form they will be aware of savings.