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?
This is one thing the UK is really good for, all bank owned ATMs and most public ones are completely free to use for any cardholder of any bank. My bank doesn’t even have physical branches but I can still use the ATM of any bank lobby for free. There are some paid ones run by private companies but the fee is usually a flat £1-2 max. I’ve been to ATMs in Europe that have tried to charge me something like 10EUR to take out 30.
A lot of the convenience of the modern UK high street baking sector is because of Girobank, the 1960s Government’s successful attempt to force modernisation on the banking industry. When I hear about the ass-backwardsness of other country’s banking arrangements (especially the US) I give a little thankyou to Girobank.
Edit: Also, yes, tourist ATMs are predatory bullshit.
