Cash or Credit?

It’s a dilemma that our great grandparents never had to contend with, but it’s something that we come across pretty much every day: the decision to pay cash or to put a purchase on your credit card! Both ways have their positives and their negatives, and both ways definitely have times when there is one clear choice over the other. Let’s take a little look at some of the things to think about when deciding on cash or credit.

1. Budgeting

Many people believe that it is much easier to stick to a budget when you pay with cash. The invisible nature of just swiping a card can often mean that you end up making many more purchases than you intended to. If you have cash in your purse and it runs out, then you know that you have reached your limit for a shopping trip!

2. All Shops

Believe it or not, there are still plenty of stores out there that don't actually accept cards as a form of payment, so by deciding to pay cash for things, you know that you are free to shop in any store that you wish.

3. Convenience

Of course, there is the general convenience of using a card for everything the people like the most. You don’t have to carry around a bag full of notes and change, and there is always the advantage of being able to cancel a card if your bag is stolen. If you purse is taken with cash in it, you are unlikely to ever get that back.

4. Bank Benefits

When you pay cash, you just get your item and that it is the end of it, but there can more benefits when you use a card. From cashback to special offers to early access sales, there are plenty of extras that you get to enjoy when using a credit or debit card.

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