Some people believe that in some time soon we will use our credit cards to pay for absolutely everything and cash will not be used again. Others think that will happen around the same time that people start driving around in space cars, or when we have domesticated robot maids to clean our homes and make our meals. However even if cash is always available, it is possible not to use it in our day to day lives.

Just think for a moment. You can now use your debit or credit card to pay for petrol at the pump. Also supermarkets, shops and restaurants have card terminals attached to their retail cash register. You can even pay at a drive through window for fast food using a card. So, if a person truly wanted to stop carrying cash all together, it would just about be possible by using debit cards, prepaid credit cards or regular credit cards to handle all of your financial transactions.

There are both advantages and disadvantages to cash and cards. Using cash requires an in person transaction at the retail cash register. cash is stolen very easily and you cannot use it to buy things on the phone or over the internet. However you do have the advantage of anonymity with cash whereas some of your personal details are given to the vendor when you pay with card. Fraud and identity theft are possibilities with cards.

Over-spending is one of the biggest problems people have with their credit card. When you do not physically give your cash to someone, it is easier to buy more expensive things.

You can decide whether you want to use your cash or your card because we still have the choice to use both in most places. One cannot say for definite if we will ever be forced to stop using cash but the credit card companies enjoy the fact that we use them more and more in society. Until then, become familiar with the advantages and disadvantages of each option, and decide which will work for your personal financial habits and discipline.