Do you tend to carry cash in your wallet? Or do you prefer to have a plastic card? Do you think you tend to spend more when you have cash? Or less?
I personally spend more, or at least spend it faster. Jim, over at Blueprint for Financial Prosperity says this:
“carrying a fat roll of cash gives you a sense of power, confidence, and bravado that you don’t have carrying a couple pieces of plastic…. Anyone who has put on a nice suit can attest to this. Suits boost your confidence because you look good in them. You look professional, smart, and powerful. Does a roll of money do the same?”
I’d say that I would agree that this can be true. There are those that seem to have more confidence in themselves when they can whip out the cash to pay for that nice dinner. However, I’m slowly beginning to not care about the feeling of power you may get for safety reasons. As Jim says:
“If you lose cash, it’s gone. If you lose a credit card, you cancel it and get a new one.”
So how do you feel about carrying cash? What are some of the advantages to having cash? What about having plastic?
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