We can solve many problems when we use cash instead of credit cards. We don’t have to worry about having our identity stolen. We don’t have to worry about some agency tracking everything we do. We don’t have to worry about going into debt.
Every month we hear about some store that has had its systems hacked. Cards don’t exist in a vacuum. They are connected to other accounts. Every one that we pay online is tied to a checking account that the money is drawn from. Hacking one means that the other is vulnerable.
Every now and then you need a credit card to buy something that cannot be purchased in person with cash. For those, use a card that has a very small limit. For instance, Amazon has a card with a $400 limit. You can also ask the company that owns your current card to lower the maximum. $2K is a much safer limit than $10K.
You also can’t spend what you don’t have. There is no “credit” to cash. Either you have it or you don’t. Having cash means you must have a budget and stick to it. It is a great way to be mindful of what you are buying.
What is the point of having a security system on your house if you leave the front door wide open? Using credit or debit cards exposes us to trouble. They simply aren’t worth the risk.