#2: “Always Pay with Cash to Stay on Budget”
Paying with cash forced people to stick to their budgets. After all, you can’t spend what you don’t have in your wallet, right? Sounds like a good plan, but there are drawbacks to using cash. It can get lost or stolen, it is untraceable, and you may not have access to funds in an emergency situation. Today, more and more places are going cashless.
