“Merchants who managed to open their doors were sometimes demanding that customers use cash only because of an inability to process credit or debit card transactions.”
~ News report about Hurricane Helene aftermath
Using cash is an action that anyone can take, anywhere in the world—and we cannot overemphasize its benefits or importance.
At the individual and household level, using cash has many advantages:
- Cash makes you more aware of what you are spending.
- When you see a purchase price in cash, you think twice about your purchases and are less likely to spend foolishly.
- Limiting the amount of cash you carry on your person can help you set priorities.
- Many businesses now provide discounts if you pay with cash (and at the same time, you are helping your favorite businesses save on burdensome transaction fees).
- No one can track your purchases.
The power and Internet outages that accompanied Hurricanes Helene and Milton also recently highlighted why you always want to have some cash on hand.
If you want to be an ambassador for cash and spark interesting conversations about why to use it, you can get your very own “Make Cash Great Again” cap here.
Related:
How a Cash-Only Budget Can Help Your Finances
Related Solari Reports:
Take Action: Promote Cash and the Constitution This Halloween!
Debrief from Halloween Cash is King
Action of the Week: July 1, 2024: Growing Intelligence about Alternative Transaction Options
Pushback of the Week: March 18, 2024: Ray L. Flores, Warrior for Cash
The Greater Taking and How to Stop It
Building Wealth: Where to Stash Your Cash in 2024 with Ricardo Oskam and Carolyn Betts
2nd Quarter 2021 Wrap Up: CBDCs – Why You Want to Hold On to Your Cash with John Titus
Financial Transaction Freedom: What is it, what threatens it, and how do I take action to secure it?
