Good Lifestyle

Many people still live according to secular philosophy that money is king. But even if it never hurts to have some invoices in your portfolio, technology has changed the way we spend our money, which makes it more likely card Or press your phone for many of your purchases. In fact, there are many reasons why it could in fact be a good idea to keep your currency. Read the rest for all the reasons you should not pay in cash, according to financial experts.

Read this then: Never use automatically for these 6 invoices, according to financial experts .

The physical act of using species can be a powerful tool to reduce excessive expenditure. But although the delivery of a small stack of invoices can work as a reminder, to pass to slide a card offers many other useful budget controls and capacities.

"The fact of not using cash comes with a discipline, but you can also follow expenses a little more easily because the history of your transaction is like a big book," Nadia C. Vanderhall , an expert in personal finance and founder of The brands' strategy group + groups , recount Better life . "I recommend that people have several accounts to follow their expenses and have an appointed card to manage a defined expenditure group. Your budget."

We have all experienced this moment of panic when we think that our wallet or handbag suddenly disappeared. Unfortunately, experts say that the fear of losing hard money is deeply rooted for a good reason. AE0FCC31AE342FD3A1346EBB1F342FCB

"Transportation of money is not an excellent decision because it exposes you to the loss, theft or fraud that you would otherwise be taken from the use of a credit card," explains Riley Adams , a certified public accountant and founder of Young and invested . "If you lose your money, you have no appeal to recover this money."

The truth is that your chances of reviewing lost money are pretty thin again. "Even if you can submit a police report in the event of theft, recovery is not guaranteed, partial or otherwise," he adds. "And credit cards offer the possibility of canceling the card or dispute costs made on the card in the event of theft or fraud."

Read this then: Never use your credit card for these 6 purchases, according to financial experts .

It is undenished to deny that staying above Your credit scoring Maybe a confusing test. But if you are looking to create a better profile for yourself, experts say that taking control of this always important number can be much easier if you stop using money for most of your daily purchases.

"The use responsible for a credit card is one of the best ways to demonstrate that you can manage and repay the debt," said Kyle Enright , financial expert and president of Make loans . "If you have no history of use of credit, lenders - as for a mortgage or an automatic loan - will find it difficult to extend a loan and, if they do, you must charge higher rates."

And it's not just about gathering money together when you need it. "Credit can also play a role in automotive insurance rates, rental of an apartment and even obtaining a job you want," added Enright.

Credit cards offer immediate convenience to customers, in particular by removing the need for a trip to the bank or at the automatic counter. But they can also be an easy way to to save money On some of your daily purchases and even offer other advantages such as trips or free accommodation.

"Cash does not offer a reward or money back system," explains Adams. "By converting these transactions into species into debit or credit card transactions, you can recover a form of reward to spend money on the product of this card provider."

In the end, the hassles of using money may not be as easy as a scan to save money. "Some companies offer discounts to pay with species generally to avoid transaction costs, but this is not always the case," said Adams. "You would need to negotiate this discount with each company, and it is not always guaranteed. Going with the safe reward points or the money delivery credit."

Credit cards are not only easier to replace than loss of money. Using them to buy items can be one of the easiest ways to make sure you are covered even after the transaction has taken place.

"You can get consumer protections, such as rental automobile insurance and product guarantees that extend the manufacturer's warranty - when using most credit cards," said Enright. "If you buy an item and it is lost, damaged or stolen, you can use your credit card statement as proof of purchase if necessary."

Of course, this can also be useful when it comes to a false retailer. "In addition, if merchants fail to deliver to services or goods purchased, your credit card issuer can intervene to help and stop payment if necessary," he said.

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The new technology made sure that we can make all kinds of purchases, whether they are sitting on the sofa at home or walking in the street. But although there have been significant advances in electronic commerce in recent years, you will always need a card of a little to buy anything.

"You cannot spend in cash on the internet. We have invented many ways to use all kinds of online tools, but spending cold harsh money is not one of them - and This does not seem to change anytime soon, "said Adams." Debit and credit cards - among other digital payment forms - can be made anywhere who have an internet connection. This gives you infinitely more flexibility to pay goods and services. "

Best Life offers the most up -to -date financial information for high -level experts and latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.