Falling Prey To Apple Pay? Why Cash Is Still King For Budget Conscious Dads
As the old proverb says “A fool and his money are soon parted”. This biblical quote is true for everyone, regardless of faith. The trouble is that when the King James Bible was written, there weren’t nearly as many means by which people could be separated from their money. After all, we have contactless credit cards that don’t require us to use a signature or even remember our PIN numbers. We have applications like Apple Pay and Android Pay which allow us to spend our money even when we’ve left our wallets at home. We can be parted from our money with something as brief and fleeting as tapping our smartphones against a scanner. And that’s without even getting into how easy it is for us to spend our money online.
Ever taken a look at your account balance or bank statement and wondered in disbelief… “How?”. We have sacrificed our frugality at the altar of convenience. In an era where technology makes it so easy to spend, it’s harder than ever to keep track of our spending. But getting used to keeping and using cash again can help. Here are some reasons why cash is still (and always will be) king for budget-conscious Dads…
It helps you to manage and control your spending
It’s so easy to spend with just a tap of your card or phone. Impulse spending becomes much easier and more accessible. This is great for businesses that want to boost their margins through upselling but not so great for Dads with an eye on the purse strings. Paying cash is a great way for Dads to regain control of their finances and prevent the cost of living from feeling like it’s spiralling out of control.
It doesn’t carry a digital security risk
Criminals are extremely connicing and sophisticated in their attempts to deprive innocent people of their money. And every time you use your credit or debit card or use a mobile payment system you invite security risks. So long as you take care of your wallet, cash is secure and incorruptible.
It allows you to get the best deals
Businesses of all shapes and sizes incur a series of costs whenever their customers use their credit or debit cards. While they are more than willing to pay that price so as not to inconvenience or alienate their customers they still prefer dealing with cash. That’s why paying cash can get you access to deals and discounts for the small and the big things in life.
Even buying a car with cash can be advantageous and allow you access to great deals on used vehicles. Check out some of the cars on Motor Market which are cash only but significantly discounted. Cash is king for bargain hunters!
It helps your kids to understand money better
Finally, every father wants to raise sensible, independent kids with good money habits. But in an era where we’re so dependent on credit and spending is so easy, it’s harder than ever to teach children the value of money.
Using real cash helps them to understand the concept of spending and budgeting, balancing how much they have with how much they need or want to spend.
Apple Pay, contactless and the like can be extremely convenient. But if you want to get yourself into good spending habits, cash is most definitely king!
