Which is better – Cards or cash?

Consumer and finance expert Lisa Montgomery says people who need to limit their spending should pay with cash because it impacts a buyers emotions to hand over money.

However Westpac’s Harry Wendt said card payments like Visa’s Paywave, Mastercard’s Tap N Go or EFTPOS are better than cash because there is an itemised record of spending.

Consumers using cards can choose debit cards rather than credit cards to prevent them from spending more than they earn.

Source: Adelaide Advertiser

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