Comments on: Cash Is King, But Do You Really Spend Less When You Pay With It?

By: International

International — Wed, 08 Feb 2012 06:34:04 +0000

Overspending may be easy both with cards and with cash, but only with a credit card you’ll spend more than you have! Same goes for mortgages and loans.

By: DBOTTI

DBOTTI — Mon, 14 Nov 2011 07:31:31 +0000

If overspending is a problem, possessing either
cash or credit cards can be a problem.
I use credit cards for nearly all purchases,
but my attitude is I must be able pay for
the item in full when I make the purchase.
If this is too hard for a person to keep track of,
it would be better to carry the minimum amount
of cash around with you, and use checks for
all larger purchases. This will force you to
stop and think before completing the purchase.
If the store does not access checks, so must the
better, it will force you to stop and think
even more.

By: Carnival of Personal Finance #229: candy edition — the ¢entsible life

Carnival of Personal Finance #229: candy edition — the ¢entsible life — Mon, 25 Jul 2011 13:44:49 +0000

[...] Cash Is King, But Do You Really Spend Less When You Pay With It?: Adam wonders if you really spend less with cash? [...]

By: Randy

Randy — Sat, 19 Jun 2010 13:35:16 +0000

I’m pretty much the opposite. If I am contemplating buying something with cash … I give it a good hard critical look before I let go of those bills. But, if I have a credit card on me, no problem!! For that reason, I don’t carry a credit card with me at all. If the purchase is important enough for me to go home and fetch my Visa card, then it’s probably a good purchase. Most times, it’s not worth the effort to go back and buy, once I get home!

By: Ted

Ted — Fri, 29 Jan 2010 17:30:48 +0000

I can easily spend cash. Plus, my wife hates carrying a lot of cash. She tends to lose things (yeah for ADD!). So we use mint.com to track our spending and budget. That way we stick on track daily much like the envelopes. I love to spend cash- way to easy. Cards are harder for me because a big danger sign starts flashing in my brain due to how much debt we already have. .-= Ted´s lastest post ..Physical: Task #1 done =-.

By: Lulu

Lulu — Sat, 31 Oct 2009 17:13:34 +0000

I hate cash as well. I only use it for doing laundry as I live in an apartment and on the very rare occasion when I have to contribute to something last minute at work. If you don't get a receipt then it is so hard to track cash as well. I prefer to use my cash back credit cards to earn rewards, track spending and just make my financial management much easier. .-= Lulu´s lastest post ..Increased Bill After Doctor Visit =-.

By: Adam

Adam — Fri, 30 Oct 2009 20:24:37 +0000

I would love to be able to take cash out for gas, groceries, etc. However, I think I would find lots of “incidentals” to spend it on!

By: Nicole @ RainyDaySaver

Nicole @ RainyDaySaver — Fri, 30 Oct 2009 04:15:43 +0000

I’m with Matt. It also pains me to part with the bills in my wallet. I take out ‘money for the week’ for gas and incidentals, and that’s it. Groceries on the debit card. It’s too easy to spend with your cards, even if it’s a debit card.
.-= Nicole @ RainyDaySaver´s lastest post ..Halloween Candy Is Not My Friend =-.

By: Adam

Adam — Fri, 30 Oct 2009 02:00:12 +0000

It’s very rare that my wife and I have cash too. The only time we have it is when someone else gives it to us. We never get cash out of the ATM!

By: Adam

Adam — Fri, 30 Oct 2009 01:58:30 +0000

I think people either hate to see it go or can’t seem to hold onto it. I wish I was like you!