That’s what my 40 y/o cousin told my 13 y/o nephew yesterday at breakfast :) After my nephew proudly exclaimed “Cash is king!” when our server denied our credit card at the restaurant, haha…
How does HE know cash is king?? And why are credit cards only for old people?? (wait, don’t answer that).
It was a pretty funny exchange. Especially when 2 seconds later my nephew turned to me and went – “you should tweet that!” Haha.. I had gotten caught tweeting about him last night when it was our “family time,” so anytime something funny or money related came up it was expected that I’d turn to my phone and spread it around town. Pretty bad, huh? :)
But anyways, I thought it was pretty interesting because I totally forgot that when you’re a kid, the only way you know how to buy things is with CASH! You don’t get the luxury of whipping out the plastic or cutting a check to prolong transactions like the rest of us do. If you don’t have it in your wallet, you can’t pay for whatever’s in front of you! What a concept! :)
Now anyone who knows me knows I’m a HUGE fan of credit cards when used responsibly – and there’s no way I’d ever give them up if I had a choice in the matter – BUT, I gotta admit the cash-only way of thinking is pretty damn sexy. It’s inconvenient as $hit some times (like yesterday, when we had to find an ATM to pay for all 8 of our meals (the restaurant didn’t accept credit cards, which is how this whole thing got started in the first place)), but it sure would save a looooooot of people a lot of heartache over their lifetimes! And if there was ever a day they vanished out of our lives completely, I’m willing to bet the average amount of debt we all carry would go down down down over time too. (Ooooh that would make for a good study actually! Comparing the average debt BEFORE credit cards came around (in the 1950’s), to the average debt today WITH them? Someone’s gotta have already done that before – I’m gonna Google it when I’m done posting this :))
Again, big proponent of credit cards when used smartly, but damn glad they’re only for us “adults” out here and not the kiddies for the first 18 years of their impressionable little lives. It’s amazing some of us are even allowed to HAVE them after all the trouble we get into! And I’m gonna be pissed if the trouble makers get them banned from us one of these days!! Haha… maybe we should change the slogan to “Cash is Cool!” though so the younger generation accepts it more? :) Or better yet, bribe Lady GaGa to sing about it?!
(Photo by Michele Hubacek)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!