Is cash really easier to spend that using a credit card? Easier in both terms of acceptance/speed of transaction at retailers, and ease of spending freely as a consumer?
I ended up having no cash this week for various reasons (I am expecting a big ACH withdrawal from my mortgage company due to my builder messing up my initial escrow account). I found myself spending *more* total $$ than I usually do with cash, but I spent it on better things.
Not counting the fact that I rode the bus (since I already have bus tickets I purchased in January) instead of driving, I spent more on food since I couldn’t eat out of the machines here.
But, it was better food, like yogurt, juice, as opposed to pop-tarts.
I also find that with cash, I can see from looking in my wallet how much money I have, and that controls my spending. With credit cards, I have a feel, and I check my balance 2-3 times a week, but it’s not quite the same.
I need to invent a device that lets you see your bank and credit card balances inside your wallet…