Why this is the week to start using cash instead of your credit card
As you run around the buying last minute Christmas stuff this week, think about how you are paying for these. According to this article, you are better off using cash than credit cards. For example:
- Paying with a credit cards is less painful than paying with cash. So shoppers tend to spend more money when paying with credit cards.
- Credit card users not only spend more, but they also purchase more unhealthy things.
- Those who pay with cash enjoy a better relationship with their purchased products.
So if you want to avoid the credit card hangover in the New Year, maybe this is the week to start using cash instead of your credit card.
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Do you and your family a favour and start taking steps so you can improve the health of Your Wealth and get off the treadmill of working till you drop.
Wayne Wanders
The Wealth Navigator
wayne@thewealthnavigator.com.au
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