Five reasons to pay cash!
Five reasons to pay cash!
Plastic—ATM card, debit cards and credit cards—are all stand-ins for money. They are not the real thing. They are just representatives, and often poor ones, when they represent debt.
Five reasons to pay cash!
- Paying cash means making some lifestyle changes and sacrifices, but it will keep you from drowning in a sea of red ink on your journey to financial freedom.
- Paying cash keeps you focused.
- Paying cash promotes contentment by adding meaning and value to the things you buy.
- Paying cash lets you own things, not merely acquire them.
- Paying cash makes spending difficult and uncomfortable—exactly the way it should be.
Your thoughts on this subject? Your comments appreciated!
Content © Rich Brott, 2011
I heard about some research lately that found that people spend 7-10% more when they use plastic than when they pay in cash – another incentive to give the plastic a break!
Has anyone heard of this research?