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Technology changes everything, including how we spend money. 

According to a new study released by Value Penguin, debit card use is down from 74 percent to 58 percent in just five years. The not-so-old debit card is already being replaced by credit cards and more modern methods like online banking. Experts believe consumers opt for credit cards over debit for several reasons, including greater protection from fraudulent purchases and rewards points for purchases. The trend towards mobile banking is directly connected to one thing: convenience. Mobile users can transfer money to friends, pay bills and make purchases all with a few clicks. Though both methods have perks, there are some things consumers should consider as we move closer to a cashless society.

Keep  A Cash Stash

It’s easy to get used to never carrying cash money, but things happen. Going completely cashless leaves you extremely vulnerable to hacking, computer error, or, and most probable, your own mistake. Simple flubs, like typing $5,000 when you meant $500, can put you in a bind for few days. Make sure you keep a few hundred dollars at home just in case.

Audit Your Accounts

Click and move spending habits make it easier for folks to miss errors and fraud, on their accounts. Make sure you regularly review your accounts to ensure all transactions are actually things you purchased and not a scammer buying five Macbooks.

Watch Credit Spending

There are pros to using credits cards for daily spending, such as racking up a bunch of rewards points and protecting your primary bank account from fraudulent activity. But there is one big con—it’s easier to overspend when you’re swiping without a hard limit. If you plan on spending on your card take measures to ensure you stay on budget, like reducing your credit limit to the exact amount you want to spend each month or prepaying your limit each month. Do whatever works best to keep you on point and out of debt.