6 reasons to use cash
for holiday purchases
CBy Cindy Nichols
easier to reach for a card in their wallets. Some shoppers may
even wonder if people still carry cash when credit cards and
debit cards have become so convenient and widely accepted?
Actually, they do.
According to a recent study by LendEDU, 32 percent of
875 people surveyed preferred to use cash over cards for everyday
purchases. Here are six reasons why cash can be king
1. Limits spending in a tangible way: Using cash presents
a visual cue that spending should cease. If a shopper has set
a $200 limit for holiday gifts, when that $200 in cash is gone,
register and leave the store.
2. Bills are accepted everywhere. Unlike some credit
cards, merchants will not turn away cash. This is especially
helpful when shopping at small businesses or pop-up markets
that are popular during the holidays.
3. Prevent second-guess impulse buys: Parting with hardearned
cash directly can be a great motivator to keep that $20
in your pocket instead of using it for a scratch-off lotto ticket
or mall food court snack.
4. Cash facilitates tipping. Cash is often best for tipping
servers and delivery personnel. Recipients of tips prefer cash
because they get it immediately. A tip on a card may only be
parceled out at the end of the week.
5. Losing cash doesn’t affect credit. Although many peo-
nancial experts say differently. While parting with lost cash
can be a blow, the risk of identity theft, and sorting through
canceling credit and debit cards when they go missing, can be
an even bigger threat.
6. Cash may score deals. Paying in cash can be a great
bargaining chip at retailers who may offer discounts or waive
fees for cash purchases.
There’s something to be said about paying in cash, especially
during the holidays when sticking to budgets can be
18 • NOVEMBER 2019 813.682.9364 FLORIDA WOMEN MAGAZINE