Categories: Market

Against digital payment: That’s why cash only is right

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Using cash gives you a better overview of your spending.
Jean-Claude RaemyEditorial Economy

Unfortunately, cash is disappearing more and more from my daily life. At the same time, the convenience of card payment makes consumers more transparent. In contrast, the use of cash leaves little trace.

And that’s a good thing: Some expenses should be private, or even be. There is not always a criminal history. Many people are uncomfortable with the idea that all of our payment transaction data is stored in one place and used for theoretically undesirable purposes. What and how much you spend your money on is a private matter. It should also be possible to keep one’s financial habits private in the future.

Cash has other advantages as well. How will children learn how to use money without holding any physical money in their hands? The fee, which was fifty as housekeeping fees, will soon turn into twenty and eventually five. In this way, the child experiences the consumption concretely and knows how much is spent on what. A monthly credit card statement often causes nasty surprises. A Christmas bonus in the form of emergency items is also more popular than a ridiculous bank transfer.

What if the technology fails? Or does the card need to be blocked? It’s always an advantage to have a few essential items lying around.

Source :Blick

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