We forget the true value of money when swiping a card. When you actually have a cold $50 in your purse, you think twice about spending it. I might even decided to squeal it away for a little while. Did you see the TV commercial where every thing is going perfect, people spending money with credit cards, until a stupid person holds up the line to pay cash. Using a card doesn’t have the same effect as physically handing the money. When you do need to use that $50 your less likely to want break it for a pack of gum. How much would we save if we only paid in cash?
3 comments:
Yes, studies have also shown that people tend to overspend if they use credit cards.
I pay cash for most of my spending and credit card for my air fares, hotel and car rental expenses which I can claim from my employer.
I think it is wise to use cash but convenient to use card. I choose to use cash and the card is a back-up for emergency.
If we use cash for our personal purchases, we would have save on unnecessary spending.
We like our credit card! It is so convienient. It is soooo expensive! It became to easy to be in debt with the credit card. We HAD to stop using it. We use cash for just about every thing now. We have been amazed at how much we are saving. Even leaving our debit cards at home has saved us a lot. No more thinking there's "extra" in the bank to cover all those little expenses and wants. NO CASH - NO TOY/CANDY/SODA/YOU NAME IT. It has been a bit frustrating to not be able to get all the things I want, but I am learning the things I want I really don't need. I am learning to live with out satisfying all my desires.
I totally agree.
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