Animal Crossing is multiplayer but even if it were single player, it's a game that spans real time.
Cheating typically involves skipping that wait, which means people start talking about events in the future with certainty, technically spoilers that have to be avoided for a fixed amount of time.
It lessens the lesson in delayed gratification and that perseverance yields results.
However if you already know those two lessons, and might find it more rewarding to play with other aspects of the game to reap other benefits - let no one stop you.
FWIW: I've experienced "cheating" both utterly ruining and enhancing a game.