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 4: Why Piggy Banks Don’t Teach Your Kids Money Management
When we let our kids play with toy cars, or toy stoves, we know they are playing with a kid’s version of the real thing. We also know that as parents we want to help them master the skills they need to actually drive a car or cook dinner. Learning to master adults skills means that kids eventually need to move beyond toys.