Why do we use cash?

If you are living in Japan, you might see some retailers that says “CASH ONLY”. It is rare to see those types of word written in other stores in foreign countries.

Cash was just there from when we were born, and we have been using since then. 

Now that the whole world is moving towards “cash-less”,  there might be a time when we won’t be seeing cash at all.

What were advantages of using cash first of all?

1.Convenience

Almost all of the retailers take cash. You would not have to worry about your credit card working in one store, but not the other. 

2.Money spendings

If you pay with cash, you won’t have to carry a balance. You will be able to keep track of how much you’ve spent, and it would stop you from spending too much. Also, if you’ve decided to limit the amount of money spent each day, all you have to do is put only that much of amount in the wallet and  when it’s gone, you will not be able to make an payment. 

3. Value of a money

Every time you do a payment with cash, you will have to physically see your cash from your wallet, so you will have to see exactly how much you are spending. This also helps you from spending too much.

Written by A.O.

Resources 

Cash or Credit? The Pros and Cons of Both. (2019, June 21). Retrieved July 3, 2019, from https://www.discover.com/credit-cards/resources/cash-or-credit/

Pros and Cons of Paying with Cash. (n.d.). Retrieved July 3, 2019, from https://www.creditrepair.com/blog/finance/pros-and-cons-of-paying-with-cash/