Through the years we’ve learned a lot of money saving tips, ideas and motivation from Suze Orman and Dave Ramsey. They’ve taught us their frugal ways of being on a budget, learning how to get out of debt and pay off student loans, and how to take the steps that will help us have financial freedom to fulfill our dreams. I’m learning that paying with cash does make us spend differently and can literally be life changing not only for single moms and families but for college students, singles and even teens. I'm sharing a few of my stories and can't wait to hear yours!

Through the years we’ve learned a lot of money saving tips, ideas and motivation from Suze Orman and Dave Ramsey. They’ve taught us their frugal ways of being on a budget, learning how to get out of debt and pay off student loans, and how to take the steps that will help us have financial freedom to fulfill our dreams. I’m learning that paying with cash does make us spend differently and can literally be life changing not only for single moms and families but for college students, singles and even teens. I’m sharing a few of my stories and can’t wait to hear yours!

Through the years we’ve learned a lot of money saving tips, ideas and motivation from Suze Orman and Dave Ramsey. They’ve taught us their frugal ways of being on a budget, learning how to get out of debt and pay off student loans, and how to take the steps that will help us have financial freedom to fulfill our dreams. I’m learning that paying with cash does make us spend differently and can literally be life changing not only for single moms and families but for college students, singles and even teens. I'm sharing a few of my stories and can't wait to hear yours!

“You spend more when you pay with plastic,” is a statement that we hear quite often and is perfect for today’s conversation of whether paying with cash makes us spend differently.

I’ll be the first to admit that I pay with my debit card most of the time simply because it’s easier. But a few days ago, I found myself with the option to pay with my debit card or cash. I’m sure you can guess which option I chose but I’m going to share my story anyways.

I was on my way to grab a quick meal at a restaurant. After placing my order the quagmire began as I reached into my purse for payment. You see, my debit card is always with me but this particular day I also had cash. I wrestled for a few minutes (okay, it was probably only a few seconds) and finally decided to pay with my card. Why? Because I didn’t want to give up my cash.

Does Paying With Cash Make Us Spend Differently?

Photo Credit: Images_of_Money CC

Maybe it’s just me, but when I have a $20 bill, I’m very protective of what I’m going to spend it on. If it’s an item that’s only $1 I’m definitely not breaking my $20 bill…it’s not worth it.

Here’s another thought to consider! Have you ever shopped with cash at the grocery store? I have and can promise that you’ll definitely think twice about what you put in your buggy when you only have cash on-hand!

Even when following a budget, it’s much easier to pay with debit cards over cash because there’s always a bit of “wiggle room.” The same isn’t true with cash. Can you imagine how utterly embarrassing it would be to get up to the register to pay and not have enough cash (especially knowing that you would have had enough if you’d paid with your card)?

So to answer my original question, yes, I do think paying with cash makes us spend differently.

If you’ve never shopped with cash, I highly encourage you to give it shot. I guarantee you’ll spend your hard earned money a lot differently and will think twice about what you purchase.

What are your thoughts? Do you think paying with cash makes us spend differently?

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