They’re just so convenient, you know? I read a few posts awhile back about how people were ditching plastic for good in hopes of spending less (and that may very well do the trick), but I just think it would drive me too crazy. And maybe that’s bad, I don’t know, but when you’ve got a system that works why change?
Now, I’m not saying “Hey everyone! Go out and use your credit cards for everything!” cuz I’m not. For most people they cause more trouble than they’re worth. But if you have a budget for them and learn how to pay off your balances in full every month, they are an exceptional convenience tool! All your expenses show up on one bill, you never bounce checks or withdraw too much money, and you only need to pay once a month :) Basically, the opposite of using cash or a debit card. And actually, if you’re not tracking your cash who knows where it all really goes right?
So yeah, I love credit cards :) But only when used responsibly – kinda like alcohol. Having 2 beers a night instead of cramming 10 all on a Saturday is completely different. Both are admittedly fun, but one makes you feel a bit more $hittier than the other afterward. Ya gotta budget those PBRs.
That being said though, I wouldn’t be adverse to TRYING out a “cash-only week” or something. Maybe I’d learn something about myself? Or maybe I’d just get annoyed like crazy, haha…it would make for a fun experiment at the very least. I’ll just have to make sure I’m always around an ATM and logging into my checking account every day ;)
For those who use Cash or Debit only, how much of a cushion do you all keep in your accounts? Or do you use some sort of zero-sum method? I keep mine down to $100 so I know when all the bills are paid out and what not, but I’d imagine you’d have to have more in there if it was your go-to source. Man…is it weird that I’m getting anxious just thinking about it?
PS: Here is my old “Credit Card Budget” – A bit outdated, but you can see how it’s used.
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