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.
Depends on the person isn't it? I mean I have a friend who has both cash and a high amount credit card, and a lot of crypto, he is a super wealthy person, he made 500k dollars just this year. But he doesn't spend it all in one place or he doesn't waste money, he knows how to handle it and he makes a good chunk of profit from having that kind of income and investments.
He could retire right now at age 35 and would never need money again and he still doesn't because he knows that the higher he has, the longer he could stay retired without needing to work again. I guess cash or digital depends on the person but if you are good at not spending more than you should, it would probably not matter.