Lacking Discipline? Stick With Cash.
Saturday, April 22nd, 2006Debit cards are a wonderful thing. They make spending money much more convenient than carrying cash all the time. They’re almost too convenient.
Debit cards rid you of all that emotion when you’re asked to part with your money at the checkout counter. This lack of emotion, it turns out, is what get people into financial trouble.
According to an MSN Money article I just read, credit and debit card transactions account for 56% of all in-store purchases, with cash coming in at 33%. And due to the convenience of plastic and that lack of emotion when it comes to parting with your money, it’s no wonder many people are having financial woes.
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