Is Cash Still King?

In this episode of Spending Made Easy, Ron Fiedler is joined by Samantha Boardman from Spending Made Easy to ask a very timely question: is cash still king?

With tap and go, digital wallets, online banking, credit cards and buy now, pay later options now part of everyday life, many people are using less cash than ever before. But while digital payments are quick and convenient, Samantha explains why cash still has an important place when it comes to understanding money, staying disciplined and keeping control of spending.

Samantha proudly describes herself as a “cash girl” and shares why she believes people should always have some cash available. From technology failures and power outages to teaching children the value of money, cash can still play a powerful role in everyday life.

Ron and Samantha also discuss how tap and go payments can make it easier to spend without thinking. When people are not physically handing over money, they may not always notice how much is leaving their account. Cash, on the other hand, can create more awareness. Once it is gone, it is gone, which can help people stick to limits and avoid overspending.

This episode is not about saying cash is better than cards, or that digital payments are wrong. It is about understanding your own spending habits and choosing a system that helps you stay in control. Whether you prefer cash, card, digital wallets or a mix of all three, Samantha reminds listeners that the most important thing is having a spending plan that shows where your money is going.

In this episode, we talk about:

Why cash still matters in a digital world

How tap and go can make spending feel less real

Why children need to understand the value of money

The importance of having cash as a backup

How cash can help with discipline and spending limits

Why convenience can sometimes lead to overspending

How a spending plan works with both cash and digital payments

The connection between awareness, control and financial confidence

Key Takeaways:

Cash can help people feel more connected to what they are spending.

Digital payments are convenient, but they can make it easier to lose track.

Having some cash available can be useful when technology or payment systems fail.

Cash can be a great tool for setting limits, especially for social spending or treats.

The most important thing is not whether you use cash or card, but whether you understand where your money is going.

A spending plan can help you stay in control, regardless of how you pay.

Contact Samantha Boardman:

To learn more about Spending Made Easy, book a chat, request a callback, or find out how a spending plan can work for you, visit the Spending Made Easy website or connect with Samantha Boardman and Spending Made Easy on social media.

Spending Made Easy airs every fortnight on Podcast City Business and Lifestyle Network with host Ron Fiedler and resident budgeting expert Samantha Boardman.

https://www.spendingmadeeasy.com.au/