"Payment: cash vs cashless payments - benefits and risks"

Cash and cashless transactions are two different ways of making payments, each with its own advantages and disadvantages. Cash transactions involve physically transferring money between the buyer and the seller using cash. This is the most traditional form of payment, which is still widely used. The advantage of cash transactions is that there are no processing fees, you can control the amount of money spent, and also protect your privacy because cash transactions do not leave an electronic trail. However, having a large amount of cash can be risky due to loss or theft. Cashless transactions are carried out using various methods such as payment cards, bank transfers, mobile applications, or online payments. The advantages of this type of transaction are convenience, speed, and the ability to make transactions online. In addition, cashless payments allow you to monitor transaction history, making it easier to track expenses. However, some cashless payment methods may involve fees and there is a risk of personal data theft. In light of the above, both cash and cashless transactions have their advantages and disadvantages. It is important to find a balance between them to ensure effective financial management and transaction security. Having a certain amount of cash can be useful for everyday payments, but it is also worth using cashless options to increase transaction convenience and security.