Carrying cash can be very beneficial in some situations. Here are six advantages of carrying cash:
- Emergencies: Keeping cash in your car or in your pocket is a great advantage if you are in need of cash on the go and you don’t have your wallet or purse.
- Paying Tolls: If you don’t own a toll tag, you might find yourself on a toll road on accident waiting in line to pay. It’s best to carry a little cash in your car, just in case.
- Splitting: Splitting the dinner bill, paying for half of a concert ticket, or splitting a tip becomes easier when you can just pay with cash.
- Suspended card: You never know when you might be stuck with a card that has been suspended. Make sure to always carry backup money with you on the go.
- Physically aware: When you pay with cash, you become physically aware of how much money you have left versus having to log online to view your credit or debit status.
- In case you can’t use a card: There are some venues and stores that won’t accept credit or debit. In those instances, it’s nice to have cash handy.
However, there are disadvantages to carrying cash. Always keep your cash safe and tucked away when left in a car, wallet, purse, or pocket. Never carry more than $100.