Cash Only System Rocks, Man!!

It sounds so boring if some one asks you to make a cash-only system in your life. The world is moving around to the plastic money and also the plastic money has a lot worth in the world, who’s having time to have coins and money in the pocket?

There were the times before some years when people carry out money in their pockets and also they were making all the payments through cash and dollars. It really seems not only boring but also tedious to carry so much in the pockets. Then, the world started rotating and changing, we started tending towards Banks and then later on Credit Cards. Then came, the Debit cards, E money and so many concepts, which let us forget the cash and note funda.

But, the Recession made a U turn and again we realized so many Drawbacks of the plastic money and we found our self totally helpless and caught in the hands of the Credit Card Companies.

The Debt trap is on peak and I never feel the fault of the Card Companies. It’s we, who didn’t fit with the proper usage of plastic money.

As we see in the movies, let’s jump into the flashback and see where do we missed? We missed the main aspect and just forgot that the plastic money is also money. That means, even if you shop blindly, ultimately, you need to pay them. So, we made a mistake by not keeping alertness in the money spending, which caused the debit trap and the debit trap caused the company to lose millions of rupees and ultimately, the biggest loss of many decades.

The credit card payment has made people to forget about the savings, as the holder just has to pass on the card, the cost of the product doesn’t make a big difference. The ultimate expenditure can be derived only at the end of statement period. That actually becomes very late and also the companies offer credit over limits, which encourage people to buy crazily. This has made people careless.

On the contrary, the cash system can be counted as the most economical and alert system. The moment you shop something, and he hand goes in pocket, you can realize the spending and also the worth of money. Other beneficial point is that at the time of extra spending, that means the spending on entertainment or extra expenses you get aware and also you come in close contact with your own pocket and make some fabulous relations with your financial world. Your mind also starts in the budgeting and saving direction which can prove very healthy for your credit policies. Cash spending by your hand definitely can put brakes on the avoidable and useless expenses.

Let’s flash out some of the highlighted points of the cash only system and also the prominent features which make us more turning towards the cash only system.

1. We get knowledgeable and also could stay in touch of the financial situation of ours. The manual entry can be the most pinching and killing one for the avoidable and extravagant expenses.
2. The moment you get attached with the money by counting them and using them practically, you’ll start negotiating with the people to save some amount of money. This will come down the monthly expenses as well.
3. It’s quite calculative and also budget oriented as you have your earned and spent money just in front of you, so you can definitely have the planning as where to save and how to save. The whole budget can be maintained under your watch and control.

So, using cash as a spending mode is really a sound system, not only to save money but also to get intimated with money and to take some serious and planned steps in life, which is the requirement of time.

What’s your experience? Cash or Credit? Let us know by putting in comment