I had two reasons, the first is because i found it way too easy to spend on my card without thinking, and the second because I wanted to regain a bit of privacy alongside everything else I’m doing. Ive set it up in my bank that on payday, an amount of my salary automatically goes to the bills account, some goes to long term savings, some to short term savings, then the rest I take out in cash.
It really does change my perception of spending I think: Ive found myself not buying things because I didnt want to break a note and carry change. I can physically see how much I have left. I can take £20 to the pub and leave when its finished. Plus it feels really good knowing every single transaction isnt stored forever. I have a small amount of money on a contactless ring for emergencies like a bus fare or somewhere that unexpectedly only takes card.
Is anyone else still predominantly using cash day to day?
Like Orange said, I’m not getting a discount by using cash. Prices are higher because of credit cards so I might as well use them to get 2 - 5% cashback/discount. Doesn’t sound like much but it leads to hundreds of dollars in a single year for me.
You usually are tho. Around here it 3%
Only very few shops in my areas and mostly just local resturants. So yeah, it makes sense to use cash then but it isn’t the norm around here.