Comments on: Living off of Cash, Not Credit? http://couplemoney.com/credit-cards/living-off-of-cash-not-credit/ Building Financial Freedom Together Thu, 11 Mar 2010 17:27:03 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Andrew @ Financial Services http://couplemoney.com/credit-cards/living-off-of-cash-not-credit/comment-page-1/#comment-79 Andrew @ Financial Services Fri, 13 Nov 2009 15:49:27 +0000 http://couplemoney.com/?p=437#comment-79 "You Spend Less Money with Cash" Definitely true. I buy a lot of electronics, computer parts and appliances. Although purchasing using card will allow you the option of staggered payment on some items, paying with fast cash often affords you a discount as much as 5-7%. The only thing credit cards are probably good for are online purchases, but most of the time you can do that using Paypal. I have never been a believer in credit cards but lets face it, I think in a few years time we'll be done with paper money. “You Spend Less Money with Cash”

Definitely true. I buy a lot of electronics, computer parts and appliances. Although purchasing using card will allow you the option of staggered payment on some items, paying with fast cash often affords you a discount as much as 5-7%. The only thing credit cards are probably good for are online purchases, but most of the time you can do that using Paypal.

I have never been a believer in credit cards but lets face it, I think in a few years time we’ll be done with paper money.

]]> By: Weekly Personal Finance Roundup | BudgetPulse Blog | Personal Finance Tips and News http://couplemoney.com/credit-cards/living-off-of-cash-not-credit/comment-page-1/#comment-78 Weekly Personal Finance Roundup | BudgetPulse Blog | Personal Finance Tips and News Fri, 13 Nov 2009 02:33:38 +0000 http://couplemoney.com/?p=437#comment-78 [...] Couple Money wants to help you get out of credit card debt and to spend less overall. Living Off Cash, Not Credit? [...] [...] Couple Money wants to help you get out of credit card debt and to spend less overall. Living Off Cash, Not Credit? [...]

]]> By: Financial Samurai http://couplemoney.com/credit-cards/living-off-of-cash-not-credit/comment-page-1/#comment-48 Financial Samurai Wed, 11 Nov 2009 01:25:09 +0000 http://couplemoney.com/?p=437#comment-48 Using only cash definitely limits my spending. It's just too painful to giveaway the money. That said, I have one personal credit card that I use for 80% of all transactions. It helps keep track of my spending. I set a limit, and stop using it completely once i hit it. It's a 1% home rebate card, but i never have the "spend more, save more" DOOM mindset. That's just silly :) Using only cash definitely limits my spending. It’s just too painful to giveaway the money.

That said, I have one personal credit card that I use for 80% of all transactions. It helps keep track of my spending. I set a limit, and stop using it completely once i hit it. It’s a 1% home rebate card, but i never have the “spend more, save more” DOOM mindset. That’s just silly :)

]]> By: Elle http://couplemoney.com/credit-cards/living-off-of-cash-not-credit/comment-page-1/#comment-47 Elle Tue, 10 Nov 2009 23:17:12 +0000 http://couplemoney.com/?p=437#comment-47 Thanks Julie. I'm glad you shared your credit card use and how it works well for you. I wanted to share both perspectives with this post. Thanks Julie. I’m glad you shared your credit card use and how it works well for you. I wanted to share both perspectives with this post.

]]> By: Julie http://couplemoney.com/credit-cards/living-off-of-cash-not-credit/comment-page-1/#comment-42 Julie Tue, 10 Nov 2009 22:42:53 +0000 http://couplemoney.com/?p=437#comment-42 I think credit cards, if used responsibly, are great. I use it as a way to track my spending. As an experiment, I spent a week without credit cards and only used cash for all of my transactions. Guess what? Not only did I have no idea where I spent everything, I also spent MORE with cash. Cash seems to burn a hole in my pocket so it will be credit cards for me. I have to add that I always pay the balance in full on ALL my credit cards and do not have debt other than the mortgage. I think credit cards, if used responsibly, are great. I use it as a way to track my spending. As an experiment, I spent a week without credit cards and only used cash for all of my transactions. Guess what? Not only did I have no idea where I spent everything, I also spent MORE with cash. Cash seems to burn a hole in my pocket so it will be credit cards for me.

I have to add that I always pay the balance in full on ALL my credit cards and do not have debt other than the mortgage.

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