Americans are hooked on plastic. We carry an average balance
of $9,660 on our credit cards according to recent survey
conducted by Money Magazine.
A greater commitment to cash can be extremely rewarding for
those with a tight budget and everyone else too.
CASH IS LIMITING - CASH PREVENTS US FROM SPENDING MORE THAN
WE HAVE
CASH IMPROVES FINANCING - THE MORE CASH YOU PUT DOWN, THE
MORE LIKELY BANKS ARE GIVE YOU A LOWER
INTEREST RATE
CASH CAN EARN A DISCOUNT - TRY TO NEGOITATE WITH IT. MERCHANTS
CAN PASS THE FEES THAT THEY PAY
FOR CREDIT TO YOU
BOTTOM LINE: With cash there is less room for error, you
are more likely to stay within your budget and
the more likely you are to get a better price.
Sheila McKinney
