Lessons from the lockdown Money

Returning to normal?

I did three things this week that I haven’t done for a long time.

Firstly, I went to the pub for the first time since 15th October. Secondly, I went to the barbers for the first time since 13th October (a 183-day wait for a haircut compared to the 166-day wait between January and July last year). And thirdly I had to get cash out from a cash machine.

This is the first time I’ve had to get any cash out since December. I’ve not had much reason to spend cash though as the only thing I’ve had to buy with cash recently has been the occasional takeaway place that doesn’t take card. However the barber only takes cash and it’s easier to split a group beers bill with cash.

I’ve found all the times I’ve taken out cash over the last couple of years and plotted it into a graph:

The orange dots show each date I’ve taken out cash, whilst the blue line shows the amount averaged by the number of days until I next took out money (I don’t always take out the same amount each time but averaging it should make it comparable). The massive spike in December 2019 is for Christmas meals, because as I said, it’s always easier to sort group events with cash. And that was the last time I had any great need for cash.

Since then, my cash usage has dropped off massively and has been practically non-existent over the last few months. Maybe the cash usage will pick up again as things start to open up again and we can be more social, but maybe the days of using cash are over (other than for occasional beers and haircuts).