Sometimes it’s easier to spend money when you don’t see it leave your bank account. When you have a wallet full of cash on the other hand, you watch it disappear as you make purchases. Many people prefer to use cash only because it helps them keep mental tabs on how quickly their money is running out. Paying with plastic or cold hard cash can offer many other benefits and drawbacks. Regardless of your preference, keeping an eye on your credit activity and personal budget will help determine what method of payments works best for you.