Cash money vs Credit card, Which one is more efficient?

Bringing enough cash money can indeed prevent us from the desire to shop impulsively. It is also leaving our credit cards at home when not needed. Well, if it's the way we often do, it's time to sort out when to pay in cash or credit card. Paying cash is not always effective and credit card sometimes can give us extra discount.

Choose to pay in cash for:

♣ Food
Credit cards are promising discounts of up to 50 percent in certain restaurants. However, the promos are likely to make us more extravagant about food. Just because we can feel a big discount, we become excessive ordering a lot of menu that is not necessarily to eat up.

♣ Routine needs
For transportation cost, meal, or clothes shopping, it is better to use your own cash. It is because the credit card is not an 'extra money', but it is a debt to be collected one month later.

Choose to pay with credit card for:

♣ Buying the air flight tickets and concert tickets
Rather than having to queue and have a risk of running out of tickets, credit cards provide convenience in 'ticketing'. Not only practical, there is lot of credit cards makes a collaboration or cooperation with airline companies and music promoters to give discounts or promo price, such as buy 1 get 1 free.

♣ Overseas transactions
Both the hotel or tickets for tourist attractions when you travel overseas are having an online transaction prices 30 percent cheaper than if we buy it on the spot. For example, the price of online tickets for Universal Studios is approx USD 50. While when we buy ticket on the spot, probably you would pay up to USD80. Save money, right?

♣ Gadgets and electronics.
When the amount of your savings is not enough to buy a dream tablet PC, your salary is also not so big, installment promotion with 0% of interest can be an easy way to have your dreamed gadget.

♣ Branded goods
Investing for some high-quality products such as handbags and shoes, needs to be done so that we can save money every month just to buy shoes and bags that are easily damaged. Take advantage of credit card's promo and zero-interest loan to purchase these items.





[image taken from: fotolibra.com]

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