Good Lifestyle

Money was once considered king. But since we can buy things with a card or even the tap on our phone now, many of us keep practically any cash these days. But don't completely empty your pockets. Financial experts advise you to transport at least a little money at any time - and they recommend buying certain things with physical money whenever possible. Read the rest for 10 purchases of financial experts say that you should always use money.

In relation: Never use money for these 5 purchases, according to financial experts .

If you know you could end up turning something you buy, be sure to use money, Steven Holmes ,, financial expert And a main investment advisor at ICASH, says.

According to Holmes, many people give up trying things in store and will rather buy two or three sizes of the same shirt or pants, try them at home, then turn the sizes they don't need.

But you will probably have to wait to collect your money if you pay with something other than money. Most stores will automatically reimburse you according to the original payment form that you have used for the purchase.

"It would be put on your credit card if you used one, and money does not always appear in your account for several days," said Holmes. "But, if your receipt reflects that you have made your purchase in cash, the store will reimburse you the same amount. The cash payments are immediately returned after the return of the products."

When you treat yourself on vacation, the use of money can help you avoid very shocking costs. Carter Seuthe ,, Financial Advisor And the CEO of Credit Summit, says it is smarter to pay in cash when they travel because card payments could accumulate additional costs for you.

"If you are in another country, you may be billed foreign transaction costs using a credit card," he warns.

The use of cash can also prevent you from accidentally spending on a trip, according to Seluth.

"If you go on vacation and only want to spend a certain amount of money, having it in cash can also help you hold on the right track to achieve your budgetary goals," he notes.

In relation: Never use your credit card for these 6 purchases, according to financial experts .

Money should not only be your currency of choice when you travel, of course. You must also use this payment form for many of your normal daily transactions, according to Michael Collins , CFA, financial teacher At the Endicott College de Beverly, Massachusetts.

"Small purchases, such as grocery articles, should be made with money," he said. "Indeed, the amount of money exchanged is minimal and that the use of cash drops people to buy pulses."

Using cash can help you budget more effectively for your daily expenses and prevent you from going too far.

"It is also important to use species for small purchases to avoid overdraft costs associated with debit and credit cards," adds Collins.

Online markets like Facebook or Craigslist can be a great way for people to save on expensive products by buying them used to someone else. But Jake hill ,, financial expert And the CEO of Debthammer, warns against the use of any type of payment method for these transactions. AE0FCC31AE342FD3A1346EBB1F342FCB

"Craigslist purchases, or big purchases through any stranger, are always the best with money," said Hill. "Providing sensitive information to people you don't know is never a good idea."

The next time you get gas, reach your money instead of your card, advise Bill Ryze ,, certified financial consultant and advisor to the board of directors in Fiona.

"You may have noticed that most service stations offer a discount for cash payments," he said.

As Forbes Also explains, the stations will mark higher prices for card payments Compensation transaction fees Banks and credit card companies. The difference can reach 40 cents in certain places, so "when payment of gas, it is preferable to pay in cash to take advantage of the discounts", confirms Ryze.

Williams Bevins , A approved financial advisor Based in Franklin, Tennessee, says that paying in cash can also prevent you from getting ripped off while feeding.

"Criminals have used gas station pumps by equipping them with malicious devices Known as "skimmers" which can be used to steal your credit card information without you knowing, "warns Bevins.

In relation: 4 times, you should always give a tip in cash, say the label experts .

Whether you have electrical work in your home or get your reduction in lawn, money is often the favorite payment method for home services, according to Shinobu Hinder ,, Certified financial planner and author of Investment is your superpower .

"Many of these service providers are small businesses and that simplifies transactions," she explains.

Not only that, but the use of cash could also eventually save you in the long term.

"Discuss this with your service provider to see if they offer discounts to pay in cash to help them avoid costs associated with cards or payment services," advises Hindert.

Many people tend to treat themselves a little Also Many while eating outside. And they don't always do it.

"When it comes to ordering food in a restaurant, people often neglect prices and end up ordering above their remuneration range", " Ethan Keller , president of the international network of Legal and financial advisers Dominion, Sharing.

If you eat a lot, you can also increase your credit card debt and ruin your credit scoring, warns Keller.

"You can avoid this problem using money when you eat at the restaurant," he said. "Payment in cash eliminates the high supplement added with credit card payments and guarantees conscious expenses."

Even if you are not willing to go so far as to pay your whole meal in cash, it's always a good idea to give the gratuity this way.

"When you switch in cash, this guarantees that the total amount goes directly to the service provider without any deduction", " personal finances Expert and influencer Erika Kullberg explain. "Some companies pool digital advice or process them so as to delay worker access to funds. Cash advice put money directly in the recipient's pocket."

In relation: The server pleads with customers to always give a tip in cash: "We do not get instant money."

The use of money during the manufacture of charitable donations "also helps you to make sure that your whole contribution goes to the planned objective" Joe Chappius , A financial planning expert With more than a decade of experience in industry.

"This is because Cash eliminates potential transaction costs," he explains. "In addition, there is a personal touch when you put money for a tip or a donation - it feels more immediate and tangible. In the end, it offers a feeling of connection and good will."

It is easy to slip your card into an automatic dispenser without thinking twice each you need a snack or a quick drink. But Eric Croak ,, Accredited wealth management advisor And the president of the Croak Capital wealth management company warns against this.

"The use of a credit card for purchases of automatic distributors can mask the real cost of the items and potentially lead to excessive expenses due to a reduction in transparency," she said.

Some machines "also add an supplement for the use of credit cards", according to Croak - which you may not realize if you do not take the time to read the small characters. So, to be safe, just respect money when you enter your food soda.

This story has been updated to include additional inputs, verification of facts and copying edition.

Best Life offers the most recent financial information of the best experts and the 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.