Consumers are now mostly in a rush to get their holiday shopping done.
Dallas, TX (PRWEB) December 13, 2015
Debt Consolidation USA shared in a recently published article the many benefits of making cash payments especially during this holiday season. The article titled “5 Benefits Of Cash Payments During The Holidays” looks at how consumers can take advantage of paying with cash in the midst of all of their holiday shopping.
The article starts off by pointing out that consumers are now mostly in a rush to get their holiday shopping done. There are still a few days before gift giving and people are trying to squeeze in a quick trip to the mall to buy presents for family and friends. And this is where cash payments can be a lot of help.
There will be reluctance on the part of consumers because credit cards have mostly been the go-to payment method during the last few years. But there are advantages of using cash in paying for Christmas presents, starting off with a budget. Consumers who use cash are forced to budget their money because, unlike with credit cards, they do not have a credit line.
The article also points out that as consumers are forced to budget with cash, it helps them stick to their list as well. Just like how some consumers think of their list as a suggestion with credit card payments at ease of use, cash is a lot different. People need to stick to their list or they may run the risk of using up all of their budget on impulse purchases.
The fees, penalties and other surcharges on credit card use is another thing consumers can prevent with cash payments. The article shares that missing a payment on a credit card statement can trigger a slew of penalties and fees that will increase the amount needed to be paid by the consumer on a particular purchase.
To read the full article, click on this link: [https://www.debtconsolidationusa.com/personal-finance/5-benefits-of-cash-payments-during-the-holidays.html