Switching to a Cash System

1) Spend existing dollars
2) Save more because you see the dollars leaving your hands
3) Do not need to worry about interest rates and finance charges increasing
4) Some stores offer discounts for paying with cash

Downsides for a cash system
1) Harder to track because a person needs to make an effort to track cash
2) Don't have the credit card warranties
3) Can't use cash for internet transactions
4) Need to visit the bank to obtain the cash

Compromise -Debit card for your bank
1) Most establishments accept debit cards
2) Should be easy to track the transactions
3) Same benefits as the cash system # 1 and 3

Downsides for using a debit card
1) Not recommended for internet transactions
2) Hotels put a hold on a significant amount of funds if you use at registration
3) Some point of purchase sales do not have the ability to put in a pin number
4) Using at a restaurant looks questionable because your pin # might need to be disclosed

Any tips on using debit cards?