diff --git a/main.cc b/main.cc
index 02a06f0c..8a3b1325 100644
--- a/main.cc
+++ b/main.cc
@@ -414,7 +414,8 @@ appending the output of this command to your Ledger file if you so choose."
   // Write out the binary cache, if need be
 
   if (config.use_cache && config.cache_dirty &&
-      ! config.cache_file.empty()) {
+      ! config.cache_file.empty() &&
+      config.cache_file != "<none>") {
     TRACE_PUSH(binary_cache, "Writing journal file");
 
     std::ofstream stream(config.cache_file.c_str());
diff --git a/parser.cc b/parser.cc
index debe5558..9c660f8f 100644
--- a/parser.cc
+++ b/parser.cc
@@ -126,7 +126,7 @@ unsigned int parse_ledger_data(config_t&   config,
   }
 
   if (config.use_cache && ! config.cache_file.empty() &&
-      ! config.data_file.empty()) {
+      config.cache_file != "<none>" && ! config.data_file.empty()) {
     DEBUG_PRINT("ledger.config.cache",
 		"using_cache " << config.cache_file);
     config.cache_dirty = true;