Card or cash?
Card or cash?
If you asked this question, you most likely have something to store, or lose. For those who usually live “from paycheck to paycheck” this topic will be of little interest. In other matters, this may depend on the size of your income. So, in what form is it better to store funds?
Of course – a map!
Plastic cards are so well established that finding those who know nothing about them will be a daunting task. The advantages of using them are obvious. The lack of the need to keep cash, especially large amounts, protects them to a certain extent from encroachments and losses. A stolen or lost card does not mean loss of funds. It is enough to notify the bank about what happened, and the card is blocked, the money is safe. Owning a plastic card eliminates unnecessary trips to the bank and possible queues, which saves time and nerves. A personal account or a mobile bank application allows you to manage funds as you like – transfer to other accounts, to other persons, make purchases, carry out currency transactions, pay for utilities. And all this without leaving home, without getting out of bed, on the road, anywhere with an Internet connection.
No cash anywhere.
However, without the usual banknotes and coins you still can not do. And it’s not even that fraudsters are able to get to our bank account. You can be a victim of robbery in any scenario. It will be doubly disappointing if the funds were lost due to the bank ruined or the account was blocked for some reason. Here, one wonders whether it is better to keep money in the usual way. Many people prefer to convert their savings into hard currency and keep them in a safe place. In this case, we of course deprive ourselves of the opportunity to receive additional profit as a percentage of the account held with a bank. But someone will consider this a small loss compared to the risk of complete bankruptcy.
Such, alas, no. Everything has its advantages and disadvantages. It may be prudent to have both. That is, part of the funds that we will never want to risk, you need to have in cash. It may also be useful when, in emergency situations, the electronic payment system fails. Plastic cards, in turn, expand the possibilities of making payments, purchases and even savings – accumulation due to interest and bonus programs.
If you have solid means, then you will not keep them in one place. It is best to distribute them differently. Or it’s worth trying to invest them in business.
Existing Internet resources such as bizzona.ru will help you find the right business for yourself. Being enlightened in the field of financial management can be not only useful, but also very exciting.