People are getting more and more used to using credits cards to make payments for everything from utility bills to grocery bills and using cash is becoming a thing of the past. But many are the advantages of using cash instead of using a credit card.

• Helps you stay out of debt, as you cannot spend more than what you have unlike with credit cards where it is easy to get in to debt by over spending. This is an advantage for your credit score.

• It is easier to stay within budget. Take only the necessary amount of money when going out to avoid temptation to overspend. This makes it easier to save money.

• Paying cash will get you discounts from 2% to 5% from stores since they do not have to pay any fees related with credit card payments. You could negotiate for a discount if they do not offer one.

• You have Protection against identity theft. There is no need to give out personal information, which opens the risk of identity theft. You should immediately cancel credit cards if you lose them.