11 reasons why you should give up cash

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

Using a card instead of bills is more hygienic, faster and more convenient.

1. It is easier to control expenses with the card

Cost accounting is a basic requirement for budgeting. But it really isn't easy. You either have to write down expenses in the application immediately after making a purchase, or store receipts and set aside time to do it after.

If you pay with a card, information about when and how much you paid is included in the statement, where you can view it. Many banks also automatically categorize spending in the personal account on the website and in the application. Perhaps this is not such a detailed recording as manually, but on the other hand, it is conducted without your participation.

2. Money from the card is easier to save

If a thief pulls out a wallet with money from his pocket, you can say goodbye to them. A lost card can be blocked with one call - but you need to act promptly. In this case, it will turn into a simple piece of plastic, and your funds will remain in the account.

3. Money from the card is harder to steal

Although information about the theft of money from accounts appears quite often, it is not so easy to steal it. Fraudsters will need special equipment for an ATM, virus programs to steal data, or knowledge of psychology in order to find out the code from the SMS from the cardholder. It's much easier to get money out of your pocket.

4. You will not be cheated

When you apply the card to the terminal, the amount displayed on the cash register is debited from it. And you won't find yourself in a situation where the salesperson didn't give you your change.

True, there is one but: the card will not save you from extra positions in the check, accidentally or deliberately punched by the seller. However, the risks here are the same both with a card and with cash.

5. The card is more hygienic

According to research, 13% of coins and 42% of paper bills are contaminated with potential pathogens. The presence of bacteria on money is influenced by the material from which it is made and the standard of living in the country. But they are never crystal clear anywhere.

Almost no one touches the card except you, and it can be disinfected if necessary.

6. The card saves time

You don't need to waste time getting to the ATM and withdrawing money from the card on which the salary comes. You can pay for utilities, mortgages and so on simply by turning on your laptop - you don't have to stand in the crowd at the cash register.

And the queue in the store moves much faster if customers pay with cards rather than scrupulously counting bills and coins.

7. The card protects you from fakes

You will not receive four counterfeit thousandths on a genuine five-thousandth bill, and you will not be prosecuted if you decide to pay off with them somewhere.

8. You can shop online

Sometimes it is cheaper to buy branded goods from Europe and America, even with payment for delivery, than to purchase them from local retailers. In the online store, you can find a size that the brand did not have offline. It is also convenient to order things online from local designers - there are interesting brands, for example, on AliExpress.

In a word, online shopping is interesting and profitable. And impossible if you only want to deal with cash.

9. There are cashback and bonuses for cards

Your bank or payment system may offer bonuses if you pay by card. For example, when buying cinema tickets with a MasterCard, there is often a 10% discount. Another nice option is cashback. The bank returns to your account a percentage of the amount spent during the month.

You won't be able to claim it with cash.

10. It's easier to save with the card

Cash, while it is in the box, depreciates at least by the amount of inflation. Even to keep the savings, they need to be constantly increased.

With the map, everything is easier. First, many banks charge interest on the account balance. Secondly, a savings account with the possibility of replenishment can often be opened remotely through a personal account on the website. And interest will be charged on savings. This is how you increase your capital with practically nothing.

11. Disputed payments can be canceled

If you sent money to the wrong place, you can dispute the operation. To do this, you need to draw up a corresponding statement. The refund process is quite complicated, and the bank employee may try to refuse you with the argument that you are to blame. Therefore, you need to insist on the return.

Despite the complexity of the procedure, you still have a chance to get your money back. With cash, they are not.