TikTok ‘cash-stuffing’ budgeting trend contributes to resurgence in ATM use
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Cash stuffing was a viral approach to budgeting which helped people to not overspend.
By Karl Matchett, Business and Money Editor
A cashless society is not yet upon us – and the UK is in fact seeming to be inching the other way again, according to a report released by Nationwide, with cash withdrawals at ATMs on the rise.
Nationwide Building Society have released a report showing cash usage on the rise for a third year in a row, with close to 33 million cash withdrawals made by bank users during 2024, representing a 10% increase on last year.
In a report of their own at the end of last year, UK Finance highlighted that 1.5 million people across the country use cash as their main way of day-to-day spending.
Breaking down further the data on cash withdrawals at Nationwide’s ATMs, taking cash was predictably busiest in the week before Christmas - up nearly two% on last year for a total of £97.9 million - but also the week leading up to Black Friday saw a 12% rise year on year.
The reas...
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