Here are
some reasons why I prefer to use cash over credit:- When using cash
instead of a credit card, there are no interest rates added to my
purchase. Whatever the price tag says is what I will pay for my purchase.
Let's say you wanted to buy a pair of shoes and it cost $100 dollars. If you choose to use your credit card,
the cost of that pair of shoes could end up being $120 or more. That is an
additional 20%!
- Using cash keeps
my money where it belongs; in my bank account.
- Keep one credit
card and use it only for emergencies.
- Remember to keep
all of your receipts, when you make your cash purchases! Try storing
them in an old shoebox over your closet or somewhere where it will be safe
from damage.
- Paying
for anything by credit card means you have to pay the bill when it is due
and in full. If you don't pay it back on time and in full, it is highly
likely that you will be charged a very high interest rate.
- Credit
cards companies have a lot of tricks up their sleeves, used solely to get
more money out of you.
Using cash and using it wisely, can help you to avoid
unnecessary debt and wasteful spending.
