Your pursue has always been full of cash, but as ATMs are closing down at a rampant rate, you are finding it difficult to find hard cash. Well! The good news is you are not alone and you can easily deal with this problem. Lets us see how with the use of new payment modes like mobile wallets, Debit Card and Credit Card, you can make things smoother for you. Either way, going cashless is not a bad option. There are many perks attached to it. Here is a map on how to go cashless.
Let us talk about our daily expenses that require cash payments.
Food:
If you don’t carry a Tiffin daily, chances are that you are eating out every day. Most of the office canteens do offer mobile wallet transactions or take money through credit or debit cards; however, if this is not true in your case then you can consider ordering food from your mobiles. Thankfully, here you can easily use e-wallets, a Debit Card or Credit Card, Net banking, instead of making cash payment. But wait the best part is yet to come? You can get attractive discounts from your favorite food joint. And if you have the right dining card then the deal gets even better. Take the case of the HDFC Bank Dinners Credit Card. You get 10X points on every swipe on Swiggy.
Also Read: What to do when you are tight on cash
Travel
Gone are the days when the local auto rickshaws accepted only cash. Thanks to demonetization many autos now accept money through e-wallets. You could also try and book auto and cabs through the Ola and uber app. Ola has its wallet called Ola money whereas Uber uses Paytm wallet. You can link credit cards with the taxi aggregators for easy payment. Paying by various e-wallets and debit/credit cards can also help you win cashback from cab service providers
Booking flights, train tickets have also become simpler with the use of net banking, Credit Card or Debit Card. If you are a frequent flyer do consider to get an Airline Credit Card so that you can save big on your flight bookings. What’s more, you would be able to enjoy free miles and reward points.
Own a car? Keep a Fuel Credit Card can help you save up a few pennies every time you fill up your tank. Cards like Indian Oil Citi Platinum Card help you to save about 5% on the fuel cost when you fill up your tank at Indian Oil outlets. Many Credit Cards also offer a waiver on the 2.5 % fuel surcharge.
Also Read: Why do I love using Credit Cards on my International Travel?
Paying utility bills
Paying utility bills has never been simpler. You can make online payments or even use your e-wallets to pay your utility bills. Many cards also offer up to 5% cashback on utility bill payments. So save time and money!
Buying groceries
Rarely do local shops offer any discounts? So, this is your cue to go online. Several websites and apps such as Grofers, Big Basket, etc. deliver your groceries at your doorstep at your convenient time. You can easily pay on their platform using e-wallets, net banking, a Credit or Debit Card. Your regular doodhwala is not accepting cards? Many apps like BB daily, milk basket, country Delight allow you to order milk online.
If you still insist on going to the local supermarket, then you can choose to pay through credit or debit cards. If you have the best shopping credit card or the best grocery credit card you can save big on your weekly shopping.
Transferring money
Giving money to a friend or paying fees for some services that you used has become easy thanks to Real-time Gross Settlement System (RTGS), National Electronic Funds Transfer (NEFT), and Immediate Payment Service (IMPS). For zero cost, you can easily send money across banks.
Lifestyle spends
Be it grooming, shopping, dining out or watching a movie, almost everywhere e-wallets, credit and debit cards are accepted. If you choose your card wisely you can save huge on your spending. Like several cards offer “Buy 1 and get 1 on movie tickets” others offer a cashback on dining or shopping bills when you cross a certain spend.
Spends By Family Members:
If you are worried about cash transactions by your spouse or other family members then you can always choose to get an add-on Credit Card for them. This way, you can easily let them be independent while keeping track of all their purchases. Is this not the best way to control expenses?
The cashless transaction comes with many benefits, like converting big purchases into small EMIs. Getting free rewards and cashback which can be used later are also some of the additional benefits. So are you now convinced about going cashless?
What other factors have prompted you to go cashless do share your thoughts with us!