Mondy Monday: Four Spending Quick Tips for 2010
1. Pay with actual cash when you can. Credit cards are a major cause of overspending. When we whip out the plastic, our mind goes numb; we don’t process the transaction the same visceral way we do when we spend cash. (Think of it like using poker chips in Vegas — only without Wayne Newton tunes cranking through the sound system.) In fact, some experts say people spend 15% to 30% more when using credit instead of cash. Spending actual cash forces you to think about every dollar you spend, so you experience a physical reaction to forking over $1s and $5s.
