I Switched To Only Using Cash, & Here's What Happened To My Finances

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In this episode of The TFD Test Lab, host Jazmine attempts a cash-only spending challenge to stay under budget and save money. Here's what she learns!
In The TFD Test Lab, we're sharing real-life experiences challenging ourselves to live better, more budget-friendly lives. Whether through attempting a no-spend challenge, switching up a budget system, or tracking progress on a new healthy routine, we'll be highlighting all the risks and rewards of frugal living.
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[@enzikay]

I've done this before, but I learned I actually spend less with a card because I tend to view cash as "free money" where as I have a pretty strict budget with my cards.

[@iluvzurara2]

Same!! Cash definitely doesn’t work for me! Plus my banking app keeps track of every penny whereas in real life no I’m not keeping track of every penny of change 😭

[@christineo8510]

Me too! When I had lots of debt and I was paying them off, I used cash. Now I'm debt free, I'm more mindful of using CCs and paying my balance in full. I have the cash back card and keep track of my transactions.

[@thatjillgirl]

I am the same way. If I have the cash, then that's already been deducted from my bank account. But if I use my card, that's money that was sitting safely in my account until I used the card, so it feels like a more immediate hit to my money than cash does.

[@doomedwit1010]

Same. Cash to me is "money I have already spent." Plus I leave everything smaller than a quarter in the take a penny/leave a penny thing.

[@livefreediepretty]

Same !

[@mahoganyhart8653]

I've been trying this out lately after having a period of problematic spending, and it definitely works for me! Having cash just makes me wayyy more aware of how much money I actually have to spend and how often I mindlessly swipe/charge my card for unnecessary purchases. It also forces me to think about making online purchases because I actually have to go to the atm and deposit money to buy something that isn't necessary lol. Of course there are some drawbacks but it truly works to control spending

[@ML-zb7gq]

I like the idea, but the $20 on groceries is unrealistic, at least for my preferences. I know some people can eat pasta and marinara sauce everyday. But if you want to have a more balanced diet, you need your protein, your veggies and your fruit. I would rather spend a little more on a “home dinner date” with my hubby then on entertainment. But hey, that’s the beauty of it, I totally get that many need to go out and have a different activity to disconnect. Not judging anyone. For the record, we live in Florida and as a couple we spend around $80 per week on groceries (that would be $40 each)

[@katherinemorelle7115]

Where I live, anything less than $50 won’t even keep you alive. And that’s bare minimum, eating a lot of cheap pasta and bread. To eat at least slightly balanced, you’re looking at $100 for a single person, and an additional $50 pp after that. I’m poor, and I spend $200/week on groceries for three people. Maybe if I didn’t have a kid to raise, or I wasn’t disabled and nutrition makes a huge difference to my quality of life, I’d try to spend less and eat a lot more plain pasta, rice and bread. As it is we still eat a bit too much of it, because they’re so cheap, they’re the easiest things to plan a meal around. Like, X night is a rice night, what are we eating with the rice? What are we eating with the pasta? Whereas I remember as a kid, my parents would plan meals based on what meat they had access to that was cheap. Man, meat is so expensive these days! And there’s no such thing as a cheap cut of meat anymore. Even the slow cook only stuff, which used to be the cheapest, is ridiculously expensive. Take Chuck steak, which used to be a very cheap cut. It’s now $20/kg. I can’t buy beef mince that isn’t half fat or water for less than $25/kg. And for a steak? Can’t get anything half decent for less than $40/kg. And for that price, I want a chef to come to my house and cook it perfectly for me too! And fresh produce isn’t much better. A single capsicum (bell pepper, I think they’re called in the US) is $5. A single avocado is $6. Iceberg lettuce, which used to be the cheap way to pad out a salad, is now $4 each. It’s ridiculous. And it makes it so, so hard to be able to buy healthy food for myself and for my kid. When the fresh stuff is so expensive, we have to pad everything out with the cheap, carb heavy stuff like pasta and rice. No wonder we’ve all gained weight. I’d kill to eat a diet that’s mostly fresh food. I’m someone who hates convenience meals (with a passion, seriously. They’d be cheaper, especially given I need to pay someone to cook for me out of my disability care budget, but I just can’t eat frozen meals. They’re so awful!). And I don’t like greasy takeout (fresh sushi is what I’d be spending my take out money on if I had it). It’s just that the grains and carbs are more than half of my diet, because I can’t afford to eat any better. It just sucks.

[@katherinemorelle7115]

Sorry, that ended up being a whole rant. It was supposed to be a quick comment agreeing with you.

[@RandomFandomDragon]

I would def need more for groceries where I am at, but I think that was just her budget, and not that everyone should use the same amounts.

[@doomedwit1010]

@@katherinemorelle7115 Britain? Curious. Obviously in America things are a lot cheaper. $6 for a whole chicken on a pricey day. 1 kg/2.2 lbs of fresh deli sliced turkey or packaged skinless boneless chicken breast is $14 where I am. I think bell peppers are $1 each. Spaghetti is of course like $2 for 20 servings. Maybe $5 for a box of rice which is many servings. Oh and I bet beef is REALLY cheap in Dallas where this video is. By comparison. Cheese is cheap here. So definitely where you are matters. Vegetables are a bit more. Probably $3 for a bag of frozen vegetables? Google says $2 to order online the really cheap stuff. Food is really cheap in America usually. I remember trying to find rice and beans at the start of covid (beans being the cheap protein) and it was pretty hard. I spend about $100 a week for one person during covid when I was rarely ordering in though so I am not one to talk. At least of I don't want to gain 20 lbs. I would actually enjoy spaghetti or buttered noodles every night, but my doctor would kill me. I mean if I wanted to spend $500 to see one.

[@katherinemorelle7115]

@@doomedwit1010 Australia.

[@cissyfox120869]

I've been doing this for a while. It really keeps you within your budget. But you got to stick to it. It takes a while to get it perfected. What sucks the most is buying gas. Also, don't keep all your cash on you all the time. If you are going to work, you don't need your grocery money on you unless you plan to go after work.

[@MrsTeawithmilkplease]

I pay everything I can in cash. I find it more convenient and I don't like the idea of all my purchases being recorded. I am from Austria and paying cash is very common. I have never heard of a store not accepting cash but often of someone not accepting cards.

[@galamander_1327]

I think it's important to keep cash alive, for the privacy. It's also a method of payment that doesn't depend on a working internet connection or engagement with a bank. Redundancy is good. However, using it as a way to control spending seems very limited.

[@KittyKat-vb1nd]

The comments greatly explain why Americans have so much personal debt.

[@xyz987123abc]

If you knew the level of detail the banks have on EVERYTHING you buy. The banks know more about you than your mom knows about you. Example you buy milk at the grocery store: the bank knows gallon size, 2%, store brand, organic. Hell the police might as well pushed your cart up and down the store aisle while you picked out your items for purchase. After a year they now have a profile on you.

[@ConghoaXoVietHungary]

Same in Vietnam. Cash is still widely used and it's really good. The card is not really good in many cases

[@micheleklinger516]

2 thoughts 1. Pay all of your bills (whichever way works for you) and only use cash for the extras. This is how I can save money. Am I willing to let go of 10-20 bucks at Starbucks, do I have enough cash to buy that decor item at a store, etc. I rethink needs over wants. 2. Debit and credit are 2 different things for sure! It is easier to swipe a card, but debit cards still keep a better handle on things! I budget so much for groceries each week. If I go over one week, then I need to be cut back the next. My checking account balance keeps me in line!

[@erineccentric5810]

While I appreciate that cash helps limit spending, many financial services do not lend themselves to paying cash. For example, I am paid via direct deposit, and all my bills are auto-pulled from my account. I don't even know how I would pay my mortgage or bills in cash. Cards also protect you from theft. If your cash is stolen, it's gone. If you card is skimmed or stolen, you can get that money back. I think you should carry at least $20 just for emergencies. Cash really is only convenient for groceries, eating out, and in person shopping. Still, i wouldn't want to be carrying around $100s of cash. This is my biggest criticism of the Dave Ramsey cash method. It's just not practical.

[@christinam81]

Hopefully, you shouldn't need to carry that much money around. I have a safe in my home, close to $2000 in cash, but I'm not carrying that around with me. That would be silly. I take out what I need, which is always under $100 and I'm not walking around with it all day. I'm terrible with swiping my card, but a lot of youtuber's who have cash envelope channels (who use cash most of the time) know this about themselves and pull money out in cash for things like rent, insurance, etc. Why? Because they know if they leave it in the bank, they may spend it on the wrong thing. When it's time for bills to be due, they deposit it in time for the money to be withdrawn from the payee. It's about being disciplined and they recognize that they're not lol - and that they'll have to do the most to keep from spending outside their budget. I admit, it's a lot of work, but they never bust their budget. And also, Dave Ramsey recommends using cash and your debit card, not just cash 😊👍

[@VioletEmerald]

@@christinam81 There are plenty of purchases some of us make throughout a day that might make us need more than $100 when we leave the house

[@cissyfox120869]

I think the idea of this challenge is not to pay things like rent,mortgage, utilities, or insurance in cash. The idea is to rein in your variable impulse spending. For example. If you budget $20 for groceries and only have $20 on you, you can only purchase $20 in groceries. But if you have your debit card, you can go over your budget. You can't do that paying the electric bill.

[@queens6583]

@@cissyfox120869 Agreed

[@dianeowen7314]

We learned to use cash when the kids did traveling Taekwondo and every weekend we had a tournament/// the first weekend we used ATM went way over budget and to many entries lol I still keep a checkbook ledger so we started using cash and it worked great for us.

[@gaydademesa7266]

This is harder these days where increasingly places are going cashless to avoid contact with stuff people have touched or the online 'click and collect' options are the only way to shop. I work in a theatre and even charitable donations are done by card machine. It's also been better for safety as we don't have large amounts of cash hanging around and have to transport to the bank.

[@alexisocasio6739]

My roommate and I have been talking about budgeting “cash” with prepaid cards. Just buy a gift card (preferably one that can be used anywhere or for the place you do most of your shopping) and only use that card for your daily activities (keep a tab so you know how much it has). Haven’t tried it yet, but yesterday was payday, so it might be time to start. Hope it helps!

[@xyz987123abc]

Many other folks are simply changing vendors. I did that with drugstore CVS. They * TOLD ME * how I should pay for something, I told them to F*CK THEMSELVES and went to a different retailer. I will pay YOUR price but you will take * MY * payment method. Cash, plain and simple.

[@5gorgeous]

In the Netherlands nobody is using cash??? who told you that??? 🤣😂🤣😂🤣off course people use here cash everywhere! 😁

[@galamander_1327]

I've heard the same nonsense from some people in the US. It's usually the same people who don't have $10 cash when the card machine to buy a train ticket is down for 30 minutes and they're stuck waiting.. They also never have money to get a taco at the taco truck.

[@amivanzyl8876]

I live in the Netherlands and have found that cash payment is less common than elsewhere, but it's not completely disappeared.

[@calibby85]

$20 a week on groceries?! HOW. I spend $100 on groceries/eating out alone each week, usually more...and it's just me. $20 is mind-blowing lol. I KNOW I can do better (I choose to pay good quality, organic, etc) but that is wow..

[@ML-zb7gq]

I buy my groceries at Aldi and cook everyday. We don’t eat much meat and we still spend $40 each in groceries. So $20 in my opinion is unrealistic

[@iluvzurara2]

She definitely lives in a rural area with those prices!

[@callmeosho7792]

I used to spend $25 a week on food when I was poor

[@aussiejubes]

Maybe she's doing the $21 challenge lol. You can get quite a lot in the US for that.

[@itsryderbabey8885]

The most important thing I’ve learned in my life is that food money is food money. You can skimp and save when it comes to brand name vs no name and buying stuff on sale, but when it comes to the quality of the stuff you put in your body that’s not something you want to mess around with.

[@muckymucks]

I use cards for the convenience and the rewards. I get 6% cash back on groceries, 5% on gas. Those are things I need to buy no matter what. It’s free money.

[@MrsTeawithmilkplease]

Do you get actual cash back or is it just a discount?

[@muckymucks]

@@MrsTeawithmilkplease You get cash back which can be redeemed to lower the balance.

[@supernova622]

Damn what card is giving those perks?

[@whitney1677]

Loving this series!

[@maryrorick6129]

I find it very strange that businesses don't accept cash... It wasn't that long ago that you had to ask small businesses if they accepted card. It still surprising to me that even the smallest random food trucks except card nowadays.

[@livefreediepretty]

Having cash on site can lead to being robbed for it , having cash means someone needs to count it , you have to be able to give change which takes time to go to the bank plus now you have to bank the money you made too. If it busy like a sporting field transaction are quicker with card too so more people can get through in a period of time Just some reason you go cashless as a business And obviously germs too

[@KittyKat-vb1nd]

By design to usher in cashless society and keep the sheep further and further in debt. Apparently basic math and living within means is a revelation to many.

[@KittyKat-vb1nd]

Reading comments by I presume primarily Americans explains greatly why they live with so much ridiculouridiculous debt.

[@NazraT1704]

@@KittyKat-vb1ndthe points you’ve mentioned are true, but also just as a society, America puts a lot of pressure on people to take on debt. It’s a normal thing. You go to college and get student loan debt, you get a nice car and take on that debt, you get the new phone and take on that debt, etc. People just see that as that’s what you do so they do it too Then since they’re already comfortable with debt, it’s not a big deal to use a credit card. Before you know it you’re in a hole that takes years and years of saving to get out of Source: I’m American, 23, and already have tens of thousands in debt (mostly just from school) before I realized that’s not how I want to live

[@hesterprynne5965]

Cash is terrible all around. You can get mugged, you can't track your spending as much, you get no points or other card benefits, you don't have a 30-day grace period that you get with cards, etc.

[@hildy208]

There’s almost no place I could spend cash. I work from home and with the pandemic, I’m rarely out at restaurants or stores. I’ve had the same $100 cash in my wallet for a year.

[@andreamartineau1197]

I worry what a mostly cashless society means for homeless people trying to purchase things they need 😔

[@galamander_1327]

$20 for groceries, for two people for a week? Say what? The only time I could even come close to spending so little on groceries, I had a 3,000 sq ft intensive garden and some poultry.

[@vhelma21945]

Exactly.. $20 a week is not enough for 3 meals a day.

[@calibby85]

Yes! I was shocked by this.need detsuls

[@idreamtiwasbackatmanderley414]

I spend 10$ on groceries per week BUT I work at Rungis - one of the largest food market in the world - and I get to take home all the chesse, veggies and fruits which are not fit for sale (they are superficially damaged). I still have to buy coffee, tea, wine, bread, pasta, rice, couscous, oil, spices, sugar, flour, eggs, fish, poultry etc. So unless someone drinks water and eat almost exclusively rice & beans, I really do not see how this is feasible.

[@BriarRose74]

There’s a huge difference between credit and debit cards; one is already your money and the other needs to be paid off in full every month. I almost exclusively use my debit card, except eating out (rarely) and tips are cash. I know exactly where, how much and what I spent down to the penny, without worrying about it. I give myself an “allowance” 2x a month when I’m paid, the rest goes to savings and bills. I know when all the bills, insurances, car registration, taxes, etc are due for the year and they’re accounted for. No surprise payments, and if something comes up, I’ve got money set aside already.

[@MickyELee]

I started using a debit card in the 1980s. I can't believe the rates of interest people are paying.

[@doll305]

So this way is great if someone isn't good at budgeting but if someone is, it's better to use a credit card, you get rewards, build credit, and there's insurance on your purchases. You should never buy anything on your credit card that you can't immediately pay off, and if you pay it off as soon as you spend it, then you don't pay any interest. Essentially it's like a debit card with rewards. Just something to think about if you know you're not going to overspend

[@doll305]

@@MickyELee if you pay it immediately, then you don't pay interest. That's only if you let the balance sit in the account, then you being accruing interest.

[@iluvzurara2]

But the cash backkkk

[@doomedwit1010]

If you have trouble budgeting and paying off the credit card every month. Maybe. But what I tell everyone is if someone charges $2000 to your debit card you have to make the bank pay YOU back. If someone charges $5000 to my credit card Visa has to make me pay them. Since that will cost them over $1000 in collection costs, I am much more confident I will be safe. Whereas forcing the bank to give me my money back will cost me to hundreds or thousands. Also remember if someone charges $1 to your debit card and you don't catch it, and 91 days later charges $5000, the bank may have a nonfrivolous legal defense. The theory is the $5000 theft was preventable had you reported the first theft. Oh and for this reason for the love of ... the thing of your choice... read your bank statements every month. Don't assume your savings is safe because you aren't spending it. Fortunately I have never had a card stolen. I had a $2300 dry cleaning bill once due to the clerk accidentally hitting too many zeros. But that was it. But I know people who have had it happen 3+ times to them. Related. Paying my credit card bill every month forces me to acknowledge and review it. Thus how I noticed the dry cleaning bill. With a debit card I might have missed it. Although when I used to use cash regularly I always printed the balance statement for my checking and savings every time I used an ATM. So I hopefully would have noticed.

[@hellocyrax]

Not accepting cash should be a crime. It'd legal tender.

[@heatherdawn3344]

I'd love to see a video on your city hall wedding 🙂

[@addicted2saving203]

I started doing this a few months ago, I really love it!

[@whatisabiyahdoing]

I love this idea!! I def need to try and do this for a week! Yea getting robbed is the first thing I usually think about when it comes to carrying a lot of cash.

[@xyz987123abc]

Does your local postal service sell money orders? At my local post office they only take cash for money orders and the receiver can cash it out, without waiting days, right away and you have your half as a receipt.

[@aerodash84]

I used to use cash envelopes for budgeting. So cash for gas, food and having fun money. It was pretty great because if I was ever under I'd roll it over. However, since the pandemic a lot of places I usually go aren't accepting cash or needs exact change. It's a great strategy if you can do it, but I've had to just to keep a closer eye on my account until things improve.

[@xyz987123abc]

You simply need to change where you go. When the vendors lose enough customers they either change or close. Their choice.

[@paulsargeant3294]

This was a great video, I always use my debit card, I didn't think about the benefits of just using cash.

[@Zelle-ts3nb]

I am going to try the challenge. Good video!

[@DemetriPanici]

I wonder what would happen if more people did this! Really cool idea!

[@themoneylibrarian]

I go all cash when I need to be super careful with my spending. Works great for me but had to work out a system so I could also spend online.

[@iyzabel]

I'm all cash, except when I (rarely) purchase something on the internet. I don't want my bank to know what I'm doing with my money. They already have enough of my personal info. And I know exactly where my money goes each month.

[@PaulHo]

I'm going to need that date night playlist, please.

[@musicismylove92]

Good to know I'm not the only one who was "breaking it down" while watching Smart House in the 90's!

[@lauradogg534]

Honestly, the only times I use cash is for my pedicure guy who only takes cash, my taco truck, the liquor store to get a bag of chips (I know it's more cost effective to buy a big bag of chips from the grocery store but the caveat is that I will then proceed to eat the entire bag of chips in one sitting so it's more for portion control for me), and any time I have $10 I throw it into my laundry bag for the laundromat because I'll be damed if I use their atm that has a $4 service charge.

It is a good idea when it works. When I have cash on me, I feel I spend it more than my card. But it is rare, as I never have cash on me usually (which drives everyone crazy)

[@dani23dani85]

I want to buy an envelope wallet it helps to divide your cash money for, lunch, gas, parking etc

[@momacdonald1]

It's so hard to use cash by me, but I've starting writing down each day what I have spent. I've found it helps make me think a bit more about spending when I know I'll be writing it down. Writing it feels a bit like a report card or something. ;-)

[@MandiToggweiler]

I always have $150 on me just in case. You can solve most problems with $150 cash. But I never use it unless it's one of those times that I actually need to use it. All my purchases are on my credit card that gets paid off in full every month. Makes more sense if you factor in convenience, cash back offers, and automatic digital documentation of spending. I could never just use cash since it's not practical but if people can't control their spending I guess this is a good experiment to help people work on that.

[@alisonfraser3305]

Like many commenting, I find I have more discipline if I have to face the music in my bank statement. Something that can help if you impulse purchase by nature is keeping the bare minimum in your everyday account and lock up your savings. I cannot make withdrawals or purchases from my savings. The money has to be transferred over, which gives a little moment to think about what you are doing. You don’t have to have a lot of money in the bank to benefit from this. It’s about hanging on to what you have.

[@jmmky]

I refuse to pay for anything without using one of my cash back credit cards. I will not receive less than 2% cash back for any purchase ever again. Still not beating inflation - but almost!

[@shaquicedacosta]

Same! I put everything on my credit card (some expenses require the debit though 😒). I treat my credit card like a debit (barring emergencies…then I get cash back while waiting to access my emergency fund) and pay off in full every month.

[@LuxRLD]

I want to hear more about these $10 date ideas!

[@iluvzurara2]

Everybody sites that study but wondering who they were asking or when it was done. I know it doesn’t say it applies to everyone but still find it weird. Like the supposed studies about typed vs written notes 🤷🏻‍♀️🤷🏻‍♀️ but with prices in many stores taking the cost of credit card transaction fees into consideration I feel like you end up paying more in cash. Especially when you’re not taking advantage of cash back perks with cards. Plus i feel safer using my cc as opposed to debit card or cash. So credit cards all the wayyy lol But of course whatever works best for each Indiviual!! This was very insightful!

[@ask_why000]

If a company doesn't want my cash - they don't need my business.

[@leslieann364]

Yes, I would love to see a video on your wedding!

[@Bessieboo5]

In New Zealand, lots of places accept card only and there is currently a pandemic happening so card is preferred too.It would simply be impractical and severely limit where I could buy if I used only cash

[@lalakuma9]

I used mostly cash when I lived in Japan several years ago (because people in Japan surprisingly enough used a lot of cash). But I don't think I spent less. I just felt more guilty every time I paid because I can see how much money was leaving my wallet.

[@turningcursive2255]

If you’re trying a pay-in-cash challenge and you’re in a situation to only pay by card- do you have a suggestion on what to do with the funds you’re holding in your hand if you want it to “feel” like you’re parting with it? Put it in a literal piggy bank? Force yourself to deposit it in a back? “Pay yourself” so you have the feeling of parting w it and then use that money in a future week? Would like to know suggestions.

[@bitameah7745]

$100 for a week would fill my fuel, leaving me with $40. ☹ Does not work for people who live outside of metro areas. Cash is easier to keep track of, but not always optional. Try keeping a journal of all purchases with you. Fill it in as soon as you walk away from the register.

[@samph3315]

As Tiffany states people who have problems overspending with cards then do this. Since we pay off our bills in full, the rebates are a benefit to us which we apply to our statements. We begrudgingly use the Costco Visa which has good percentages on restaurants, travel and gas. Unfortunately it’s structured that you only get an annual “check” back. Still it’s about $500 a year for us.

[@PatriciaAppelquist]

Thanks for this. Also, great date night tip that maybe low cost Public Radio Live Shows I got tickets to see Rita Moreno at KQED here in SF. I have seen the Symphony for less than $20 and usually Theaters have "soft opening night" on Wed/Thursday night for less tix price

[@aussiejubes]

It still feels really rude to use cash at the moment (my perspective) in Australia. There are so many more businesses who insist on card only and I shock everyone else when I do whip out the cash lol. Pandemic changed how we pay forever here I think. I've taken to getting out a certain percentage of my weekly spending money in cash, & I use my card only. The goal is to save the cash at the end of every week, & that's how I've gotten around the no cash payments issue. I'm more clever with my debit card now because I really want to have all the cash left every week 😊

[@gerrylopez1770]

I’m curious and motivated to try this challenge 🤔.

[@historylass83]

Here in Colorado in the last several months I've seen lots of signs at stores and restaurants saying that there's a coin shortage and they will only take cash if it is exact change.

[@rosemary709]

when i used mostly cash i actually was stressed out a lot, accidentally spending the money i needed for something else. now that i only use card, and only have some cash on me just in case, i always know how much money i have. i also just write down my expenses in an excel spreadsheet, so that i know how much i spent on what

[@KatrinaEames]

I used to use mostly cash for my purchases, but since I've gotten a credit card I've been using it strategically and have used the card for gas & groceries since I get cash back for those purchases. That's most of what I buy though so I basically stopped using cash

[@dominiquejones8064]

Please make a video about your city Hall wedding!

[@ginnyrust6874]

Oh I want your budget!!!

[@13ikea]

Cash envelopes work (did it for 5 years). I’d say create a budget spreadsheet too. Since the panini started less places take cash. Maybe a second bank account would help to house discretionary funds for entertainment and self care.

[@limes4ever]

I would be interested in the wedding change of plans video.

[@SharonnAf]

I come from Nicaragua (poor cent am country) where I have never seen anyone use a card! I didn’t even know my aunt had a debit card until a month ago. Currently in Hawai’i and to support the real small biz (think tent on side of the road) it’s best and cheaper to use cash. I still am mostly cc user

[@thatjillgirl]

I only use cash if I can't pay any other way. I put as many things as possible on my credit cards, pay them off fully each month, and reap the rewards that I earn. The rewards are basically free money when you do it that way.

[@jessicar6413]

I usually use my card for convenience and/or cash back benefits.

[@joanalorenzo6949]

I use cash mostly. I carry some cash and my credit card, not my debit card. I find it harder to spend money when I carry my credit card and just enough cash to spend the bare minimum. If I carry my debit I would use it immediately.

[@MilnaAlen]

My nearest ATM is a kilometer and half away, my grocery store right across the street. So especially in winter or poor weather, really not motivated to get cash. I don't really spend money on anything but food and TP irl anyway, lol.

[@MyRedmamba]

I've been trying to do this more and have ran into one big down side, needing to keep receipts. Its happened twice that I need to return something only to find I tossed the receipt.

[@NikkiNichelle.]

*I use cash because it helps me control my spending. Once the cash is gone the spending is over!*

[@Vivalarosa45]

Whenever I can I use cash for shopping and necessities. I only use my card when I need it and I make sure I keep up on my spending. I admit online spending is my vice. I'm barely away from my computer. If I used my brain I would have some money in my bank account right now. LOL. I think I have to rethink things over.

[@wohooky1]

paying with cash is one of those things that feels illegal but isn't

[@katesage3221]

What about the points and rewards one gets by paying with their credit cards? 🤔

[@xyz987123abc]

Your choice - privacy or points.

[@asadb1990]

i don't if the lady in the video knows but many businesses in large cities offer to remove tax if you offer to pay in cash. that saving can add up. in ontario, canada tax is like 13%.

[@justinez6857]

I live in cashless Sweden. 90% of stores don't even accept cash anymore. So yeah... :D

[@monicamar8616]

20 bucks for gas ??? Where the f do you live lol I wish

[@K_Woods]

I know, right!!?? 🧐

[@krn2683]

I think she lives in Dallas. I know I could do $20 a week in gas pretty easy living in rural KS.

[@monicamar8616]

@@krn2683 I guess so. I was floored by that. I think maybe 10 years ago I could fill my tank for 20 bucks… I’m in NY btw

[@ranne236]

1) card 2) none-$20 3) to get cash back points from my bank 4) no - but its a huge problem when places don't accept cash because if you can't afford a credit card or don't have a debit card, how do you buy anything? 5) I want the business or worker/server to have cash directly instead of having to pay for credit card fees 6) I'm less tempted to spend it and less likely to lose it 7) nope

[@VictorJonesJr]

It’s easier to tip service workers with cash.

[@moonhunter9993]

Always, do "cash is best".

[@n.m.8728]

re: too much hassle, I genuinely don’t know where people even get cash from. in my area, ATM fees are extortionate!

[@user34user73]

In Niederlands no one uses cash? Whaaaat? They literally did not except cash in 90% places I went.

[@laceyaguilar4651]

I think $20 a week for groceries is very low ball, unless she has stuff to make at home in her freezer, fridge and pantry, maybe the $20 is for fresh produce and dairy.

[@bushcrafty7274]

Digital cash looses its value very quickly

[@amivanzyl8876]

I don't feel like this was valuable, because it didn't feel like any significant effort was made to really stay under budget, so what's the point? If anything, the message here seems to be that if you can't pay for stuff with the cash you have, eh whatever. Not exactly a challenge. Seems like it would have made sense to make card purchases impossible for the week except for true emergencies.

[@theviceinvirtue]

Definitely not ideal to use cash during the pandemic. I also have to keep track of my expenses as a self-employed individual. Therefore cash is a no-no. With credit, not only do I have the actual receipt, I have bank statements and other digital records as proof of purchase for bookkeeping.

[@quittenfee42]

In Germany 100 Euros per week would mostly be spent on food and transportation. It's more expensive.

[@juchuva]

I always use debit card but i moved to canada and seems like theres things you cant do without a credit card herw 😮

[@ScottyMac71]

not on topic. but just wanted to say that you are absolutely beautiful.. I'm not commenting on your physical beauty, I'm commenting on something about you that makes you shine! Stay happy! When you smile, it makes me smile! (not flirting lol my fiancée has this quality also!)

[@ask_why000]

Cash = Freedom

[@thebeachyfarmhouse6410]

For one i would like to see how many places would except cash and the i would like to see a full month of this. And are bills excepted as a Internet or auto or should that also be paid cash cuz Think that is harder.

[@cissyfox120869]

There is a guy named Dave Ramsey who really promotes using cash because it limits your spending. But you definitely wouldn't pay your rent, utilities or insurance in cash.

[@thebeachyfarmhouse6410]

@@cissyfox120869 i know of him and thats why i asked it cuz it wouldnt work were i live

[@iluvzurara2]

Bills wouldn’t be paid in cash per say but at least for me there is a fee for a debit card versus connecting your bank acct which I would count as paying cash. I personally just pay the fee 🤷🏻‍♀️🤷🏻‍♀️

[@maricelgund]

💰💰

[@mkjs82096]

I really don’t think cash is a realistic way to pay for everything in your life. Also everything around me is still in a coin shortage so they are asking for exact change or not to use cash at all.

[@jonaskristensen-fq2xt]

4:38. In my country, Stores have to accept Cash. They can't refuse cash, and from what i know, They can't refuse Cash in the US. I think that all buisnesses legally have to take Cash in the US. Correct me if i'm wrong.

[@dericklincoln982]

Nice video!! Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.

[@jeanmadison1958]

Investing in cryptocurrency is one of the best chance of making money 💸

[@tommymorris9845]

Crypto is new gold

[@stevenalexander4455]

Stocks are good crypto is better

[@PepsGranados1-]

Crypto is the future

[@royhelmic2465]

Trading crypto has become a lucrative way of making money

[@KittyKat-vb1nd]

Explains why Americans are in so much debt. Basic math is never wrong. Spend and live within means. Say my dad says 1+1 is still 2. Not 4

[@Talkinglife]

Hmmm

[@user-fi3qz9kb4r]

Personally i use card over cash and I’m trying to change that, I noticed i tend to spend more when I’m using credit card which ruins the budget i made for the month, not to mention that it feels much easier to spend more on useless stuff and Want’s instead of need’s when not using cash, however I’m struggling to find the perfect way to manage my saving accounts, I’m still a college student trying to reach financial freedom before graduating hope i make it😅

[@huntercoleman460]

I’m a college student too and I love paying with cash. I just love the feeling of counting and collecting change. It teaches you how to save your money and not to buy things that are too expensive.

[@LWNV]

I would encourage everyone to use cash more often. Moving to a cashless society is a really bad idea (personal opinion). Also Doing this for a longer period of time and using envelopes for each category is nice because some weeks you simply need less of one category. It can then roll into into the next. Then at the end of what ever period you are doing it for, you have a really good idea of what areas you need to work on. Plus there may be a nice bit left to add into savings or a splurge!

[@ayram617]

Good video but $20 for gas for a week? No way

[@krn2683]

That's totally doable for some people. I use about $17 of gas a week and only fill up my tank every other week.

[@limbo232]

The Great Reset is underway which will get rid of cash. What do we do then...?

[@leahnidas6123]

I love tfd but test lab is the worst series because it's always middle to upper class person does a "challenge" where they live like the average person for a week and then talk about how much fun it was.

[@leahnidas6123]

It feels offensive to people who have to live the "challenge."

[@MillionaireMindsetClub]

Literally to the 1% who's reading this, God bless you, and may your dreams come true, stay safe and have a wonderful day.

[@muckymucks]

This isn’t Facebook. Keep the empty platitudes over there.

[@still5853]

I think I would go crazy if I had to use cash. I am very lucky to be financially supported by my parents, but it scares me so much realizing how hard they need to work to afford my life. For me as a college student, anything above $15 feels expensive, so paying “normal” prices (even with saving money) for groceries per week and other expenses in cash would make me feel absolutely awful. If I translate the currency of my spendings from dollar to my country’s currency (I’m international), it would get even worse.

[@saschamayer4050]

01:38

[@saschamayer4050]

15:16

[@f00tpaths]

seriously...??? this feels like very lazy sloppy work.... "i don't know what the app is" ??? unprofessional and inarticulate.... this channel is better quality than this....

[@HelenKTindel]

$100 is not realistic… this video is dumb. I expected more from this channel

[@lisaa6099]

Prefer the other presenter - this woman isnt very intelligent