16 Things You Should Not Buy With Cash

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Are you someone who primarily relies on cash for your day-to-day purchases? While using cash can be convenient and help you stick to a budget, there are certain things that you should avoid buying with it.

Electronic Devices & Appliances

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With the constant technological advancements, it’s no surprise that electronic devices and appliances make our list. When purchasing these items, it’s essential to have a record of the transaction for warranty purposes. Paying with cash will not provide you with this necessary documentation.

Large Furniture

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Like electronics, a credit or debit card is advisable when purchasing furniture. This ensures a transaction record and offers protection against potential damages or defects.

Travel & Hotel Bookings

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Using cash for travel and hotel bookings can leave you vulnerable to scams and fraudulent activities. It’s safer to use a credit card, which offers protection against these types of incidents. Additionally, using a credit card can earn you rewards and benefits such as travel points.

Expensive Jewelry

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When making a significant purchase like jewelry, it’s essential to have proof of ownership. This is especially true for expensive items that are easily lost or stolen. A credit card gives you a transaction record and protection against theft or loss.

Car Down Payments

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Buying a car is a significant investment that should be made with caution. Using cash for the down payment can put you at risk if something were to go wrong with the car. Using a certified check or wire transfer for these transactions is best.

Online Purchases

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With the rise of online shopping, protecting yourself from fraudulent websites and scams is essential. You can easily dispute any unauthorized charges and track your purchase using a credit card. Paying with cash or check online can make it more difficult to prevent fraud or retrieve your funds if something goes wrong. 

Medical Procedures

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When it comes to medical procedures, cash payments should be avoided. Not only is it risky to carry large amounts of money, but you may also need proper documentation for insurance purposes. Using a credit card or personal check for these transactions is best.

Expensive Events & Tickets

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Whether it’s a concert, sporting event, or theater show, avoiding using cash for expensive tickets is best. By purchasing with a credit card, you’ll have proof of purchase and protection against issues such as canceled events or lost tickets.

Monthly Bills

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While paying your monthly bills in cash may seem convenient, there are better options than paying your monthly bills in cash. Paying each bill in person is time-consuming, but you risk losing receipts and proper documentation. It’s much easier and safer to pay online with a credit or debit card.

Down Payments for Rentals

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Similar to car down payments, paying for rental properties with cash can put you at risk if something were to go wrong. Using a certified check or wire transfer for these transactions is best.

High-End Clothing and Accessories

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Purchasing designer clothing and accessories with cash may seem luxurious, but there are better options than this. By utilizing a credit card, you can earn rewards and benefits while providing proof of purchase in case of any issues.

Home Renovations

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Home renovations can be costly, and it’s essential to have proper documentation for tax purposes. By using a credit card, you’ll have a record of the expenses and protection against any issues arising during the renovation process.

Legal Services

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Lastly, using cash to pay for legal services is not recommended. It can be challenging to track your payments, but you may also not receive proper documentation for tax purposes. It’s best to use a check or credit card for these transactions.

Taxes and Cash

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While cash may seem convenient for paying taxes, it’s not recommended. Using a credit or debit card gives you proof of payment and the ability to track your expenses for tax purposes easily.

Rental Cars

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Rental cars are another purchase that should be made with a credit or debit card. Not only will this provide you with insurance coverage, but it also allows for easy tracking of expenses and the ability to dispute any unauthorized charges.

Plane Tickets

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Using cash to purchase plane tickets should be avoided. Using a credit card gives you proof of purchase and the ability to dispute any issues quickly arising during your travels.

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