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

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!

By: Adam

Adam — Fri, 30 Oct 2009 01:56:09 +0000

That’s another great point. I know that I have a hard time holding onto cash, but it’s even worse when I can’t remember what I spent it on!

By: ctreit

ctreit — Fri, 30 Oct 2009 00:36:25 +0000

My wife and I prefer to use a credit card, because we can track our spending better. We also pay our credit card off each month. Besides, I have the same problem as you do. Cash burns a hole in my pocket.
ctreit´s lastest post ..Setting up a budget: how we deal with stocking up.

By: Yana

Yana — Thu, 29 Oct 2009 15:57:53 +0000

I too find cash harder to keep track of, and don’t make much effort to have it on hand. I only have small amounts when I’m paid in cash, but they do add up because I rarely spend that way. I use debit cards and write checks when I have to. I’m meticulous when it comes to recording spending, using a DayTimer system, but have become bad at reconciling bank statements since I opted to receive them online and not in the mail. I force myself to do it every 2-3 months. I’m not really tempted to spend other than online and in the grocery store, regardless of what method used to spend. My husband, on the other hand, can’t hold on to cash. So he rarely has any, but doesn’t like spending any other way.

By: Matt Jabs

Matt Jabs — Thu, 29 Oct 2009 15:22:23 +0000

It hurts me to spend cash. I don’t spend credit, but when I did, it gave me a unarguable disconnect between me and my money… so I spent the credit without the pain which increased what I spent significantly.
Matt Jabs´s lastest post ..Is Entrepreneurship Riskier Than Employment?