What Are the Advantages and Disadvantages of Using Cash?

By Staff WriterLast Updated Mar 29, 2020 1:55:02 AM ET
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Making transactions with cash can foster good spending habits, reduce targeted marketing, and alleviate the risk of identity theft, but cash-based transactions may be harder to track, and some merchants only accept credit or debit cards. As with other aspects of finance, carrying cash and using it for transactions has its share of benefits and drawbacks. It can help to reduce consumer spending, but it leaves carriers vulnerable to robbery and is more difficult to track on personal bank accounts.