4 Reasons to Ditch Your Cash This Year: Clever Ways to Spend and Save
It’s no secret that times are tough. Every day seems to bring a new set of challenges, and it can be hard to keep your head above water. But don’t worry, we’re here to help! In this blog post, we will discuss 4 reasons why you should ditch your cash this year and find clever ways to spend and save. So what are you waiting for? Read on for more information.
It’s no secret that cash is rapidly becoming a thing of the past. With the advent of mobile payment apps like Apple Pay and Venmo, as well as the growing popularity of contactless credit cards, there are fewer and fewer reasons to carry around paper bills and coins.
In fact, many businesses are now starting to accept only card or mobile payments. So why not ditch your cash this year and save yourself the hassle?
There are plenty of advantages to ditching cash. For one, it’s more secure than carrying around paper bills. If you lose your wallet or it’s stolen, you can cancel your credit cards and have them replaced. But if you lose cash, it’s gone for good.
Additionally, using a card or mobile payment allows you to track your spending more effectively. You can see exactly where your money is going and make necessary adjustments accordingly. Finally, ditching cash can actually help you save money. When you’re paying with plastic, it’s easier to stay within your budget and avoid impulsive purchases.
If you’re like many people, you probably use cash for a lot of your everyday transactions. But did you know that there are actually quite a few reasons to ditch your cash this year and move to a more modern form of payment? Here are just a few clever ways to spend and save by going cashless:
You’ll always have enough money. With cash, it’s easy to run out or misplace bills. But when you use a card or mobile payment, you can always check your balance and make sure you have enough to cover your purchase. You’ll save money on fees.
Have you ever withdrawn cash from an ATM outside of your bank’s network and been charged a fee? Or tried to use a foreign currency and gotten hit with exorbitant exchange rates? When you use cards or digital payments, you can avoid all of these pesky fees.
You can get rewards and discounts. Cash doesn’t offer any perks, but many cards come with rewards programs that give you points or cash back on your purchases. And many retailers offer discounts to customers who use their store card or mobile app. You can track your spending. It’s much easier to stay.
It’s no secret that carrying cash can be a hassle. Whether you’re trying to keep track of your spending or worried about losing your wallet, ditching cash in favor of cards and digital payment methods can help simplify your life. Here are four reasons to make the switch this year:
4 Reasons to Ditch Your Cash This Year: Clever Ways to Spend and Save
1 . You Can’t Track It
If you’re like most people, you probably start the year with some good intentions to save money. But let’s face it, it’s not always easy to stick to a budget. Unexpected expenses can pop up, and before you know it, your savings are gone. This year, ditch the cash and try some new ways to spend and save.
There are a number of apps that can help you track your spending and stay on budget. Mint is a favorite among many users for its ease of use and ability to connect to your bank accounts.
You can see where you’re spending the most money and make changes accordingly. Another option is Personal Capital, which gives you a more detailed financial picture by tracking your investment portfolios as well as your spending.
If you’re worried about overspending with a debit or credit card, consider using a prepaid card instead. These cards let you load them up with only the amount of money you want to spend, so you’ll never be tempted to overspend. And if you do happen to overspend one month, no worries – just reload the card and start fresh next month.
2 . A lot of retailers won’t accept it.
If you’re one of those people who is still hanging on to cash, it’s time to let go. While there are some holdouts who still prefer cold hard cash, the reality is that plastic is now king.
An increasing number of retailers are no longer accepting cash, and there are plenty of good reasons why. For one thing, cash is a hassle to deal with. It’s easy to lose track of, and it can be time-consuming to count and recount.
Credit cards and other forms of electronic payment are much simpler and more efficient. What’s more, credit cards often offer rewards and perks that can save you money in the long run.
Another reason to ditch cash is security. Credit card information can be easily canceled if it falls into the wrong hands, but once cash is gone, it’s gone for good.
If you’re worried about identity theft or losing your money, it’s much safer to use a credit card or another form of electronic payment.
So this year, make the switch to plastic and say goodbye to cash for good. You’ll be glad you did.
3 . It’s Not Secure
This year, more than ever, it’s time to ditch the cash and move to a cashless society. Here are three reasons why:
First, it’s simply not secure. Every day we hear stories of people having their wallets stolen or their bank cards skimmed. With a cashless society, there would be no need to carry around large amounts of cash, so you would be less likely to be a victim of crime.
Second, it’s bad for the environment. All that paper money and all those coins use up valuable resources like water and trees. Going cashless would help reduce our carbon footprint and make a difference for the planet.
And third, it’s more convenient. Think about all the times you’ve had to search for loose change or been stuck in a long line at the ATM. In a cashless society, you could pay for your coffee with a tap of your phone or your watch.
No more waiting in line or carrying around wads of cash. So this year, let’s make a resolution to go cashless and make our lives easier, greener, and more secure.
4 . It’s Dirty
Sure, it’s convenient to have cash on hand. But let’s be honest: paper money is kind of icky. Think about all the places that cash has been before it gets to you.
It’s been in someone’s pocket or wallet, maybe even in their sock drawer. It’s been through the washer and dryer (or worse, the laundromat). It’s been crumpled up, stepped on, and chewed on by the dog. And that’s just the beginning. Once it changes hands a few more times, who knows where it’s been?
The bottom line is this: cash is dirty. And if you’re looking for a reason to ditch your paper money this year, that’s a pretty good one.
There are plenty of other reasons to go cashless, too. For one thing, it’s easy to lose track of small bills and coins. They disappear into couches and car seats, under beds and behind dressers, never to be seen again.
And even when you do find them again, they’re often so battered and bruised that they’re barely recognizable. Going cashless can help you save money in the long run by eliminating these sorts of losses.
Maybe you’re having a tough year, and money is tight. Or maybe your finances are great but the budget needs some trimming to make room for more fun things in life!
If so then I’ve got good news- there’s never been an easier time than now when all our favorite gadgets (like smartphones) require less cash every month thanks to technologies like cell phone plans which offer unlimited data without monthly fees or costly contracts.
Conclusion
So there you have it- four reasons to ditch your cash this year and make the switch to a digital spending plan. These tips should help get you started on your way to a more clever, stress-free year of spending and saving.
Do you have any other great tips for making the most of our hard-earned dollars? We’d love to hear them! Share them in the comments below or on our social media handles.
Next Read: Do I Need More Than 1 Credit Card?
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