Ladies , it turns out that knowing the best time to use cash and credit cards can save your expenses. Not all financial transactions must use cash and vice versa. Here's a sneak peek from Cosmo for the best times to use cash and credit cards.
Use Cash to...
We recommend that you avoid buying food using a credit card because this can actually make you wasteful. Some studies have found that using a credit card doesn't make you feel like you're actually spending money. Buying food with a credit card can easily make expenses swell. It's better to use cash when buying food, especially food for daily needs such as lunch, coffee, and afternoon snacks.
Credit cards are good for transactions abroad. However, if you have to make foreign exchange transactions, cash is the main choice. By exchanging foreign currency for cash, you will usually get a “wholesale” price reserved for interbank purchases. That way, you get the best price for the foreign exchange.
Buying Food
We recommend that you avoid buying food using a credit card because this can actually make you wasteful. Some studies have found that using a credit card doesn't make you feel like you're actually spending money. Buying food with a credit card can easily make expenses swell. It's better to use cash when buying food, especially food for daily needs such as lunch, coffee, and afternoon snacks.
Exchanging Foreign Exchange
Credit cards are good for transactions abroad. However, if you have to make foreign exchange transactions, cash is the main choice. By exchanging foreign currency for cash, you will usually get a “wholesale” price reserved for interbank purchases. That way, you get the best price for the foreign exchange.
Use a Credit Card to...
Yup , one trick to get cheap airline tickets is to buy them using a credit card. Credit cards often offer various attractive promos and discounts when buying airline tickets. You can also collect points and rewards that can be exchanged for various other offers.
Although it sounds risky, paying online transactions using a credit card is actually safer. Banks usually have various security systems in place to prevent online fraud . However, provided that you make transactions on a trusted site.
Buying Airline Tickets
Yup , one trick to get cheap airline tickets is to buy them using a credit card. Credit cards often offer various attractive promos and discounts when buying airline tickets. You can also collect points and rewards that can be exchanged for various other offers.
Online Transactions
Although it sounds risky, paying online transactions using a credit card is actually safer. Banks usually have various security systems in place to prevent online fraud . However, provided that you make transactions on a trusted site.
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