This is one of the easiest ways to reduce your expenditure. I do understand that the Debit/Credit cards give lot of benefits to the consumers but it makes you spend your hard earned money. Isn’t it true? You would have anyway spent your money, what is the point about the cards? I don’t quite agree with it. the cards gives us lot of benefits like we can track our expenses, they are not as cumbersome as cash to carry around, the cards offer rewards for spending money and many more benefits. I agree with that, but ultimately the card that you are going to use will be charged and you will be paying the bank directly or indirectly some money for the service that you are using.
Keeping in mind all these benefits, still I would argue that it is not good to carry the cards around. The chances of overspending are higher while we carry the cards than the money. I have noticed this many a times personally and also with the friends. When I go out with my friends, I prefer window shopping than shopping, the chances of me getting tempted to buy one or the other stuff is higher when I carry the credit card. When I just carry the cash and no cards, even if I am tempted to buy stuff I just ignore the temptation telling myself that I can’t afford it right now and within some time the temptation just dies off.
It is not easy to always carry cash around as you never know the need of the hour. At times the vehicle that you are travelling in might break and you need to fix it and if you don’t have enough cash then you are in trouble and also you might need cash for an emergency during these times you would prefer to have cards or the cash that is sufficient for the circumstances. I would suggest you to always carry some cash for such emergency situation. Just in case, things go wrong, you need to handle it without any difficulties.
Imagine you are going on a trip for the weekend and you have a card and some cash in the wallet. The chances of you spending more money on buying gifts, souvenirs are high when the shop accepts the credit card and also if there is a hotel which accepts cards then I am sure you won’t be that bothered about the price of the meal. I don’t know whether you would agree with me, but this happens with me. if you use the cash for the purchases then you will not be so very lavish in your spending because you know you don’t have much cash and you want to save up for the next day or so. It is kind of restricting you not to spend money unnecessarily. I am not against eating a very good meal at a nice hotel but I am against spending more for such a nice meal. It is not a necessity.
When you think of spending the cash then I would suggest you to keep a track of the expenses, it is not easy to track and I am sure you might forget the expenses and keep wondering where the money vanished. I have been accustomed to such vanishing acts. I never used to keep a track of the money that I used to spend and at the end of the day I used to break my head as to how I spent the money and it was not an easy one to get back all the details. I would suggest you to make a note in your mobile or in a sheet of paper, whichever is convenient.
Let me know your experiences about carrying cash instead of cards while shopping and the experience of spending less.