I don't carry a lot of cash. I don't even own a debit card. I use my cash back credit card for most purchases.
Although, I use my credit card like a debit card. Which is to say that when I make a purchase I subract it from the checkbook. When I get the bill, I simply add up my highlighted items in the check register and write a check to the credit card company. I found this to be the best way for me. No surprise credit card bills or dreading opening the bill and cash back is the icing on my cake. (which makes a nice Christmas Savings account)
Debit card, credit card or cash?
February 16th, 2007 at 07:05 pm
February 16th, 2007 at 07:41 pm 1171654882
I plan to enter all purchases into my register also, just like you do, so I'm guaranteed to have the cash available to pay it. I will be making weekly payments in the beginning until I get used to making 1 large payment per month.
February 16th, 2007 at 08:18 pm 1171657115
February 16th, 2007 at 08:20 pm 1171657236
February 17th, 2007 at 01:36 am 1171676217
February 17th, 2007 at 01:57 am 1171677478
The reason why is because I think the best form of currency is one that works best for you. No, really! I no longer believe that one form is intrinsically better than the other. Only what works best for you.
Some do better with cash than plastic, and some do better with plastic than cash... and the varied reasonings are all fairly valid in my opinion.
February 17th, 2007 at 10:36 pm 1171751762
February 21st, 2007 at 02:14 am 1172024096