Why is cash always better?
Cash makes it easier to budget and stick to it
It's also an eye-opener and keeps you in reality as to how much cash is going out vs. coming in from week to week or month to month.
Why do people still prefer cash?
They like the psychological impact of spending cash. Keeps them from busting their budget. They get a limited amount of cash every day/week/month and cannot get a new supply till the next period. This is their way of enforcing a budget.
Why cash is best?
Cash allows you to keep closer control of your spending, for example by preventing you from overspending. It's fast. Banknotes and coins settle a payment instantly. It's secure.
Why cash is still king?
Cash is king when you are able to prepare and meet those emergencies as they come without having to take on debts. Debts not only reduce your net worth, but may also reduce your credit worthiness (a significant part of your financial health) when you take on too much debts.