There are plenty of ways to get money like applying for a loan at http://iwantcashloans.com.au. Applying for a cash loan is not the only way to get cash though. Do you know that by using cash when paying you’ll see your money grow? It’s a hack that everyone should practice doing.
It’s safe to say we live in a cashless world. Do you ever wonder why women’s bag designs these days are wallet on chains? You don’t even call them bags anymore because they are so tiny you can’t fit your wallet inside. Precisely the point. No one uses wallets anymore because they bring card cases with them to hold their credit cards.
The world has become so advanced that a quick swipe of a card can make anything possible. You can go to the grocery store and not bring any cash and come home with a truck-load of groceries. That’s what credit cards do. People don’t pull out cash from their wallets, they just take their card out, hand it over to the salesperson, and voila! They only need to wait for the receipt and they’re done! It’s convenient, efficient, and time-saving.
So, with all the conveniences that credit cards offer, what’s the point of using cash? Believe it or not but using cash offers a lot of benefits. Let’s find out what these are.
#1 You Don’t Have to Deal With Accrued Interest
If this is your first time owning a credit card, you’ll understand that if you fail to pay your credit card each month, you’ll have to pay for interest on your purchases, which means an item that you bought a month ago and failed to pay today will be more expensive than the original price because of the interest rate. For example, if you bought a $50 bag and forget to pay your credit card on time, it will cost you around $100 for the same bag and the worst part is if you continue to delay paying it, it will accrue over time. The compounded interest is going to hurt your finances.
#2 Keeps Your Finances in Check
The problem with using credit cards is that it’s so easy to get yourself into debt and it can be painstaking to get yourself out of it. Since you’re going to be paying more, your debt will escalate every month. With cash, you don’t have anything else to think about once you pay it in the cashier and you don’t have to worry about the interest rates. Isn’t’ that nice?
#3 Budgeting Is Easier
Paying in cash will help you track your expense better. Since it’s tangible, it will also help you visualize how much cash you’re spending and how much is going in weekly or monthly.
We’re not in any way saying that using credit cards is bad because they do have their fair share of advantages but if you want to use the old-fashioned way of buying, there’s perfectly nothing wrong when you use cash. In fact, using cash offers tons of benefits like helping you save money.
Some homeowners prefer using budget organizers to help them with their budgeting. These organizers are usually compiled in ziplocked plastics with labels. You can customize your own labels and just slide your money in. When you have this, you won’t feel the need to swipe your credit card. Imagine the peace of mind you’ll have knowing you’re debt-free. This is especially useful for busy people who don’t have time to check their e-mails for their statement of account. If you miss one bill expect that the next month will be more expensive because of the interest rate and that is the one thing you want to avoid. In a nutshell, when it comes to saving, cash is king!