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Overheard a guy at the coffee shop say he uses cash for everything and it got me thinking
I was grabbing a coffee last Tuesday and this older dude was telling his friend he hasn't used a debit card in 5 years. He said he budgets by pulling out $200 every Monday and when it's gone, it's gone. That hit me because I've been chasing credit card points and cash back for years, but I still overspend every month. I looked at my last statement and I paid $47 in interest alone. Maybe having a hard limit like cash would actually stop me from swiping without thinking. Has anyone else tried going back to cash for daily spending?
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oscar_hunt6110d ago
Honestly, that "when it's gone, it's gone" approach sounds stressful to me. I get the appeal of a hard limit but $47 in interest could be avoided by just paying your card off every month, which feels easier than carrying cash around.
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