Pay cash with money we have
December 2nd, 2007
It has been a year since we cut up and canceled all the credit cards, only left one for emergency use. That’s the resolution we made last December, to stay debt free and use cash for everyday spending.
We no longer use credit card to pay for grocery and miscellaneous purchases, we only use it when we have no other way to pay i.e. buying air ticket online. Otherwise, we pay cash with money that we have. Research actually shows using credit card makes people spend more and many people get into consumer debt because of that. We find spending cash have us feel the pinch and therefore spend less. Do you use credit card or cash?
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