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?
You really need to separate out the two things here, as they relate to vastly different things. People take cash out in advance of a holiday because they get a fixed and reliable exchange rate. If people don't take cash then they have to rely on whatever exchange rate the card network or intermediary banks make up, which can be vastly more expensive - this has nothing to do with day to day budgeting. That being said, the second part of your comment does seem to be happening more often and has made appearances in the news lately. Some people seem to be able to budget more confidently with cash notes than being able to do it electronically, to me it doesn't make much sense or make it any more convenient, but if it works for you then go for it.