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

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Reader Comments

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?