Cash is reducing in recognition and the shift away from bodily tenure is regarding for hundreds of thousands of Britons who depend on money of their each day lives. Yet some Britons have already made the change to stay with out money and shared their experiences with Express.co.uk.

Card and digital have overtaken money as the most well-liked technique of cost, making up 85 % of transactions in 2021.

A recent Express.co.uk poll has discovered that greater than 9 in 10 readers are nervous in regards to the UK changing into a cashless society — however there are advantages to not having to depend on money.

Speaking about their expertise of dwelling cash-free, username P1947 commented on Express.co.uk: “I’m 76 and because l was sick of people saying that old people wouldn’t manage in a cashless society, I took on the challenge. 

“I have been 100 percent cashless for the past two years. Best thing I ever did — so easy.”

Tom Bourlet, head of promoting for fizzbox.com, has additionally made the transition, and advised Express.co.uk: “One of the biggest changes I made in order to do the transition was to switch from my big wallet which had a coin section to just one that held cards. It's a lot smaller and lighter, ideal if I'm on a quick dog walk.”

The 35-year-old defined: “Having a digital trail of everything I've spent makes it much easier to manage my finances, to understand my ingoings and outgoings and to ensure I know exactly how much I have at any point.

“The reality is that it's also safer not carrying cash on you. I have teenage memories of being mugged multiple times growing up in Acton, London. Having cash on you was a poisoned chalice 

“Plus, a minor bonus is that cash in your bank can earn interest or in crypto can increase in value with time, but stuck as currency in your wallet it merely diminishes with time.”

Personal finance professional, Tara Flynn, co-founder of comparability website, Choosewisely.co.uk, stated: “I deeply empathise with why going cashless can be daunting for some people, especially older consumers who don’t trust technology.”

She continued: “Going cashless definitely has its advantages — such as reducing the risk of loss or theft of physical money and saving time finding ATMs to withdraw cash. Digital payments can help with budgeting too by automatically updating your balance and tracking your expenses. 

“Friends and family can play a vital role in assisting elderly relatives in transitioning to a cashless system. Regular communication and reassurance can help your loved ones build confidence and ease any concerns elderly relatives may have about going cashless”.