Anonymous
With we, two of us, we use more cash than anything else. I find that using cash, makes me more aware of what I am spending and how much we have left for the rest of the month.
We live on Pensions, and Social Security, and with only one payment that is dedicated to a vehicle loan, we actually live very well on our little dab of income. We live this way for many reasons but one is that we have no children, nor do we have anyone to actually leave anything to, we just keep ourselves and don’t have to help others when they overspend as most of us as youngsters did. We have our funerals paid for, and the only thing we will be required to pay for, is the opening and closing of our graves. Our plots were bought by my FIL a long time ago, when their daughter passed right after birth.
I don’t use a debit card, had one, too much hassle for me to keep using and credit cards are used for our online purchases, but we pay them off every month before the bills are even in the mail. Pay as you go is what we call it. lol
I don’t see how the “youngsters” are going to survive in this world if the SHTF and they are caught with their pants down, which most of them will be. I have a few nieces who are young, and dumb, to me, but I do remember being there in that mode when I was their age. “I will never get Old!” that is what we always said, but alas, we are there and with our way of living, we should be very well preserved for our lives until and after the SHTF and the money in the banks is no longer available to most of us. We do loads of cash daily in our life and are so much happier for it, JMHO