Tuesday, August 18, 2009

Cash Vs. Credit - What's your preference?

Charge Ahead!Saving Cents in the City (great blog) had a great entry about the cash versus credit mentality. She reasons that as a child all her money was in cash so it was harder to part with it. Now that she's older and uses credit the sting is gone.

I'm the exact opposite. Once I spend cash (garage sale, small store, chipping in to order food) that money is GONE for good. I don't think about it, I don't write it down, its as if this money never existed.

Credit? Ha!

I check my credit cards on-line daily (creature of habit) and can see how many times I ordered pizza or how those .50 cent orders at CVS add up. It keeps me in line in a way that using cash never will - plus credit means if I really have buyer's regret returns are always accepted ;)