CASH is still King

As many of you know the reality is we live in a Credit Driven Economy. Most purchases are done through credit (this includes debit cards), but for some CASH is still KING! Take anyone from age 5 years to 100 years and they’ll say the same thing.

“There’s nothing like carrying money in your pocket.” It feels good to start. There’s a psychological positive feeling attached to CASH though many of us don’t carry any. It hasn’t always been that way. In the seventies and most of the 80’s cash still dominated.

We’ve gotten kinda lazy. I admit it’s so much easier to pull in front of the gas station and whip out the plastic to pay for the gas. The problem is if you don’t use your debit you’ll use your plastic.

And plastic’s what get’s you into trouble. It gives you a false sense of Security. I say false because if you have CASH in your pocket you have real security. It’s real because its’ spend(able) with no real problems associated with it. If you spend it, you don’t have it anymore. It is that simple.

Plastic, on the other hand, comes with a monthly bill attached. That, my friend, is SCARRY! Because, at the end of the month you’ve gotta come up with the real CASH to pay off the plastic.

That’s where we get into trouble. I can’t remember where I read it but the just of the study was we spend approximately 28% more per purchase with plastic than we do with CASH.

That’s why I say, if you’ve got it (CASH that is) in your pocket and spend it you can feel a little more pain than if you use plastic for the same purchase. Somehow we watch the dollars leaving our finger-tips more closely than the plastic purchases.

From Debt to Cash is about eliminating BAD HABBITS more than anything else. I’d venture to say that if you walked out the door with cash instead of plastic every work day you’d inherently spend less money every month.

There’s something about spending CASH over plastic.

One final word:

Many of us (and I used to be one) just cannot spend with anything other than plastic. We spend plastic on groceries, gas, lunch, dinner, big ticket purchases, small ticket purchases, etcetera, etcetera, and etcetera.

The easiest way to break your self of the BAD HABIT of spending plastic instead of CASH is to put the plastic in a drawer for one week. Just one week of no plastic. Let me know how you do.

Any withdrawal pains? Any shaking? It’s hard to go from plastic back to CASH but, it can be done. Deny your self of plastic for just one week. Put the plastic in a drawer. I heard of one guy who put it in a plastic baggy, put it in a jug of water and stuck it all in the freezer.

He figured it would take several days to defrost it. That’s how he made himself go one week with no plastic.

Try it, you’ll naturally find that you easily adjust (TO CASH) once you quit shaking from the withdrawals of no plastic. Than, you’ll have a whole new lease on life and discover the many advantages to going From Debt to CASH.

Including your new found FREEDOM from the bondage of debt. I’ll talk more about that next time.

David….