<human>:  What are the pros and cons of using a cash-only budget system?
<bot>: 
Pros:
 • Increased Control Over Cash Flow: With a cash-only budget system, you can be sure to not overspend, since you're limited to how much money you can immediately access.
 • Improved Savings: With a cash-only budget, you can set aside extra money towards savings, and have a better idea of how much you can afford to save.
 • Improved Money Management: Knowing exactly how much money you have available makes it easier to make decisions about your finances.

Cons:
• Possible Underestimate of Expenses: Without credit cards or other forms of payment, you could overlook otherwise unavoidable expenses such as emergency costs or even taxes.
 • Difficulty Planning for Big-Ticket Purchases: With a limited amount of money to work with, it can be difficult to save up enough cash to afford larger, more expensive items.
 • Risk of Loss or Theft: If you misplace your cash, you are unlikely to be able to get it back.