Beware of credit cards .. For these reasons you should use money only

Isabel Tavares writes in a report in the magazine "Readers Digest" US that the adoption of the system of cash has many advantages, we have a close relationship with banknotes, because we know how long it took to earn, which makes it difficult to abandon them and compensate them with credit cards.

According to Tavares, studies show that when we use paper money, our spending is reduced by 12% to 18%, compared to a credit card.

"Even though there are some things you should buy with a credit card, it doesn't help you to imagine how much you spent at the end of the day," writes Saranya Ramanathan, a finance writer at One Fine Wallit.

Ramanathan added that it is different from banknotes, using them gives you the opportunity to watch the dollar turn into cents in front of your eyes, and this may avoid unnecessary spending; stresses that the use of banknotes is a trick of the mind to stop over-spending.

The author reviewed some cases in which bank notes are preferred instead of a credit card:

- Small purchase
"Small purchases at local retailers and businesses are ideal places to use banknotes, and you can even get a small discount," said Beverly Friedman, content manager at Revising This.

Some small merchants even charge fees for using credit cards, she said.

- Avoid fees
When you use banknotes you will not have to pay fees, but if you resort to credit cards, you may run the risk of paying late fees, accumulating debts and getting a negative credit score.

- Saving Money
Using banknotes can help you spend less money and save, because you will monitor how much money you pay, unlike credit cards that avoid you knowing how much you spend.

- Budget control
In its report, the American journal returns to Friedman's statement that the use of banknotes facilitates the planning and preparation of the budget that it will adhere to.

With this method, your budget will become more accurate because you can see how much you should spend, and more appropriately divide your finances on a daily and monthly basis.

- Saving money
"It's known that credit card users tend to spend a lot of money, but when they use banknotes, they won't be able to do that. Cash constantly is the way to do it. "

- Facilitate transactions
Friedman reiterates that no retailers refuse to deal with banknotes, and that cash can always be used as a reliable payment source or as a backup payment method if your card is declined.

Bridges said that when you use banknotes, you know from the start that your credit standing is good and will remain so. When using cash, don't worry about late payments, refunds, or balance being affected.

- Limit corporate tracking to you
If you notice an increase in the number of commercial offers you receive after you purchase for a purpose, this is because retailers can track their customers' spendings, share this information with a third party, and target them with more ads.

Bridges reported that using banknotes can help you reduce the amount of junk mail you receive.

What about a credit card?
The writer Tavares stated that you can use credit cards when you pay large expenses, such as travel and payment of hotel fees and monthly bills. By doing so, you can earn rewards such as hotel stays and free flights.