Paying with cash: The advantages and disadvantages

Buying with cash can make budgeting easier as you know how much you have to spend and you cannot spend any more if you have no more money.

Buying with cash means there is less likelihood of being affected by identity fraud as your details are not being passed on with the transaction - only cash.

Buying with cash can lead to less spending as you are more conscious of your spending and how much things cost to buy.

People are using cash less often so when they do want to buy something with cash they need to spend time looking for an ATM to get the cash.

If the money/cash was in your wallet/purse and you lost this or it was stolen, any money in your wallet/purse may never be returned.

Carrying a large amount of money can make you a target for criminals who may try and take the money off you/steal it.