Carrying a couple of cards in your wallet seemed to be more practical than bringing cash and coins along with you. But the truth is, paying with cash is actually more beneficial.
In a world where paying is just a swipe away, it seems that using cash is a thing in the past. But is swiping your card really the best option? Here are seven reasons why you should pay with cash.
1. Your purchases will become valuable.
Journal of Consumer Research author and University of Toronto assistant professor of marketing Avni Shah said:
“You feel something when you physically part with your money, and there are different levels of pain depending on the type of payment.”
2. Buying stuff will become more meaningful
The same study reveals that those who have donated using cash “felt more connected to their chosen charities and less connected to the ones they hadn’t picked.” Shah then suggested that cash could help customers make more thoughtful shopping decisions.
3. You’ll eat healthier
Since you don’t have an unlimited amount of cash inside your wallet, you make better choices and food is not an exception.
4. You’ll know the difference between “needs” and “wants.”
If you’re using a credit card, you would throw whatever in the cart and figure the credit fairy was there to cover you. But if you only use cash, you will take the time to pause in the aisle and really think about the necessity of your purchases.
5. You’ll save money
When you’re using a credit card, you don’t really see your cash going way. With that said, you keep on swiping as if you have an unlimited source of money. You can’t save this way.
The best thing to do is to pay for things with cash to avoid this credit card trap.
6. You’ll stick to your budget.
Having a budget is important. But if you use your credit card all the time, you won’t realize how much you’ve spent the whole month. Paying with cash will help you track down how much money your have left in your monthly budget.
7. You’ll be more aware of the prices.
If you’re using cash, you can see your money thinning every time you purchase something. Therefore, you’ll learn to distinguish the good deals rather than splurging on something every single time.
Bees Kill Penguins by Stinging Them in the Eyes
2000 Kilogram Sunfish Caught Off North African Coast
Man Embezzles $57K in COVID-19 Relief to Buy Pokemon Cards
Florida Man Catches and “Recycles” Alligator in Driveway
Man Shocks Reporter on How He’d Spend the Lottery Winnings
Man Joins Search Operation Not Realizing He’s the One Missing
World’s Oldest Rhino Dies in Italian Zoo at 54 Years Old
Meet Quilty – Cat Escape Artist Helping Other Cats Jailbreak
Fans Use American Flag to Save Falling Cat During Football Game in Miami
TikToker Shares How She Tricked Invaders Who Tried Opening The Hotel Door While She Was Alone
Man Iced Neighbor Who Repeatedly Asked Him “When Are You Getting Married?”
Do You Live in One of These 15 Countries With The Most Beautiful Women on Earth?
The Secret Meaning of Anklets And Why Some Wives Wear Them
Waking Up Between 3 to 5 AM Could Mean You’re Experiencing Spiritual Awakening
Divorced Man Wrote 20 Epic Marriage Advice He Wished He Could Have Had
Haunting Photos of Two Tourists Snapped Just Before They Mysteriously Disappeared
“Chastity Cages” is the Latest Thing for Men
Pork Fat Is Officially One of the World’s Most Nutritious Foods
Some Stranger Padlocked This Guy’s Earlobe And Ran Away With The Key
Three-Month-Old Baby Left Blind in One Eye After Family Friend Took His Picture