Recently I read an article that posed an intriguing question–what ever happened to our relationship with cash? The article, When using cash is better than credit, suggested that consumers should use cash instead of credit cards for day-to-day expenses. Why? Because psychologically money is more real when it is in the form of cash. Really? [...]
According to a recent poll, seventy percent of consumers plan to use cash or debit cards to pay for their holiday purchases this year instead of credit cards or lay-away plans. However, the National Foundation for Credit Counseling® (NFCC) explains why charging purchases and paying the bill in full is one of the best financial [...]
Reason Number 5: Why Piggy Banks Don’t Teach Your Kids Money Management
In previous posts, we looked at why piggy banks don’t help your kids learn about money management using ATM cards and debit cards. Now we’re going to look at the 800-pound gorilla in the room, credit cards.