Like most (all?) people on the forum we use credit cards extensively since this being the 21st century it'd be kind of hard to get along without them, but we pay them off in full every month so we don't pay cc interest. Last night I stumbled across this Dave Ramsey rant (he calls it that himself) that even if you pay off the cc every month you'll still spend more than if you pay cash. I'm not so sure, in part because we are very much aware of how much we spend and on what because we track it carefully in spreadsheets and Quicken.
Ramsey holds that if you have to lay down $100 bills at the grocery store your brain says "Ouch!" and that will make you spend less. He maintains that the same thing does not happen with plastic.
But when I use plastic I know that within a month at most my bank account is going to be drained by whatever $$ number is on the cc receipt and in my case at least, my brain still says "Ouch!"
What say you?
The video is only 6:37 so not too long.
Ramsey holds that if you have to lay down $100 bills at the grocery store your brain says "Ouch!" and that will make you spend less. He maintains that the same thing does not happen with plastic.
But when I use plastic I know that within a month at most my bank account is going to be drained by whatever $$ number is on the cc receipt and in my case at least, my brain still says "Ouch!"
What say you?
The video is only 6:37 so not too long.