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Financial regret is common after having a good time.
According to experts, paying with cash can make everything a little less stressful.
It will help you control impulses to make more financial decisions.
For example, if you just carry $100 in cash, you limit yourself to $100.
No more than that can be spent.
Nowadays, numerous options exist for completing purchases electronically or digitally, said Dan Kroyter, CEO ofTailored Pay.
From the traditional credit card to Apple Pay, flexibility has become a staple for purchasing anything.
However, if you are planning a night out yourself, there arethree strong reasonsto bring cash.
Chiefly, to have cash available should the occasion demand it,Kroyter said.
Additionally, completing purchases in cash will eliminate potential mistakes related to your electronic payment methods.
Overcharges are an example of this.
Below are more reasons why you should take out a minimum of $100 on a night out.
Also see the six riskiest places to walk around with $100 bills.
Melanie Musson, finance expert withClearsurance, agreed.
Then, you have to return to the vendor to get your food.
To streamline things, Musson said its best to go out with cash.
If youre going out alone, $100 should be enough, she said.
Some places wont accept credit cards or they may only accept a specific card that you dont have.
Other places tack a surcharge oncredit card payments, forcing you to spend more than you have to.
Some establishments operate on a cash-only basis or impose a minimum spend requirement for card transactions.
He said this can be particularly frustrating if youre only making a small purchase.
Having cash on hand eliminates this hassle and ensures smooth transactions.
As for the recommended amount, it depends on the planned activities for the night, Shirshikov said.
For a typical night out, carrying around $50 to $100 should suffice, he said.
Cash Is Safer
Cash reduces the likelihood offraud and scams, in addition to limiting your overspending.
If your card included vital information about you, you would rather have your cash stolen.
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