Sam is a single mum, works for the Government and lives in a small town in West Yorkshire.
When I became a single mum and my kids were little, every month I would take cash out of the bank before I went to the supermarket so that I could count what I had on my way round. This way I always knew I had enough money to pay for it, and didn’t have that awful feeling when I tried to pay with card and it didn’t go through. It’s always been important for me to have cash in my pocket to know that I had enough to last the week, and to look after my children properly.
Cash is best for budgeting an allowance, so that I know what’s in my bank at all times. It helps me know what I’ve got to work with, and then I don’t have to be surprised by an outgoing direct debit payment or something I’ve forgotten I’ve spent money on.
It’s so important to have cash for children when they are learning how to budget. I’ve taught my kids to spend and save using cash because it helps them recognise that they can’t spend money they don’t have – when it’s gone, it’s gone. You don’t get that understanding with a card. It’s also important for them to have physical cash to feel like they are more independent. Even if a parent is standing outside the shop waiting for them, it’s a good way to build confidence for children, to go in and buy a pint of milk with some cash by themselves.
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Wanting to protect access to cash services may seem like an issue that will only affect the most vulnerable in our society. But the truth is that the knock-on effect of an uncontrolled move towards a cashless society will affect us all.
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