There are a few reasons why cash is still considered better by some individuals:
-
Anonymity: Cash transactions are more private as they do not leave a digital footprint like card transactions do.
-
Accepted everywhere: While digital forms of payment are becoming more widely accepted, cash is still universally accepted by all businesses.
-
Budgeting: Using cash can help some people stick to their budget better as they physically see the money leaving their hands.
-
No fees or interest: Cash transactions do not incur any fees or interest charges, unlike credit cards or digital payment methods.
-
Security: Cash transactions are not susceptible to hacking or identity theft like digital transactions can be.
Ultimately, the preference for cash vs. digital payment methods depends on personal preferences and circumstances.