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Sometimes... A lot of the time, it is so tempting, but I agree; I stopped playing around and got serious about my finances.
Pro
I find that I don't spend cash as much, especially if it's large bills!
When I go out with friends and I want to stick to a budget, I always have cash. It's too easy to swipe a card and go over by even a few bucks
Pro
I do, loosely. I get paid once a month - pay all bills, tithe, and transfer to savings that day. Then, put money to the side for food, gas, etc.
What's left over isn't much usually, and I don't track it.
I don't track every dollar. It was taking too much time for me, and I was inconsistent, so I had to find a way that worked for me.