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 believe this is just mainly a fact of indiscipline with spending from people saying that regardless of the percentage. The reason I use cash these days is that most of the local shops around our area are not on pos but the bigger shops have so no problem with does. Whether spending paper fiat or digital card to me makes no difference cos I don't think you will spend more via digital means than how you would if you had cash on you. Also, another downside to using cash sometimes is, that some traders might not have the complete change to give you and you might end up leaving some change for them imagine if this is done a few more times but this is not so with digital payment.