Does Using Cash Help Save Money?

I Want Cash Loans – is probably the most used line uttered by people who failed to save enough money to pay for their needs and wants. Is applying for a cash loan a bad thing? Absolutely not! Cash loans are convenient and flexible. Plus, it’s not that hard to apply for one. The process is easy, simple, and straightforward.

However, just because cash loans are available doesn’t mean you’ll solely rely on them to survive or to make your life better. Nothing beats having money in your savings account. How do you save money? Can you do it? Yes, you can! Experts agree that using and paying in cash can ironically help you save money! Studies show that not only are you going to save money, you’ll lose weight as well!

Now, isn’t that good news? A thinner waist and a thicker wallet don’t seem so bad. Cash payments may seem obsolete especially now that we’re living in a credit and debit card world. Banks are dispensing cars here and there. In fact, according to surveys, only twenty-nine percent of Americans say they pay in cash the rest of the population use cards. Let’s check out some of the benefits of keeping cash in your wallets.

Helps You Lose Weight

How on earth does keeping cash have to do with weight loss? According to a scientist and the author of “Slim By Design”, one of the strategies to help you in your diet is to pay in cash. When people have cash they tend to buy fewer desserts and calorie-laden beverages at work or in stores or restaurants. These are the usual places where you’ll likely be tempted to overindulge. Swiping a credit card is often gives you the freedom to order whatever you want. This is not the case if you have cash.

You Get Better Deals

Believe it or not but having cash helps you get better deals! A handful of cash is a great strategy to negotiate a price. This is a first-hand experience by world-renowned billionaire Mark Cuban. For example, if you go to a yoga class and they’ll charge you with $30 for that cash. If you show them $20 and tell them that it’s the only cash you have, surprisingly, they’ll take the money. For a faster ROI, use cash!

Saves You Money

Now this is where people get curious, how can cash help you save money? It doesn’t make any sense. According to research, people who physically pay a product or service with cash experience pain by seeing it disappear from their hands compared to swiping a card. It will pain people to part with their money so they won’t do it. Instead of paying for something expensive, they’d just forget about it.

This is why most people use debit and credit cards because they don’t see their money disappearing. They just swipe the card, key in their PIN, sign the receipt, and voila, it’s done. Whereas if you pay something in cash, you have to manually count your money and hand them over to the seller.


If you want to save more money, try withdrawing from the bank and using your cash to purchase products whether it’s at the restaurant, grocery store, or in coffee shops. You become more mindful of how much money you’re spending if you count them and hand them over to the cashier compared to mindlessly swiping credit and debit cards. Aside from using cash, you should also set a budget. Your budget will give you the limit as to how much money you’re going to spend.