Cash or Credit?

It’s a dilemma that our great grandparents never had to contend with, but it’s something that we come across pretty much every day: the decision to pay cash or to put a purchase on your credit card! Both ways have their positives and their negatives, and both ways definitely have times when there is one clear choice over the other. Let’s take a little look at some of the things to think about when deciding on cash or credit.

1. Budgeting

Many people believe that it is much easier to stick to a budget when you pay with cash. The invisible nature of just swiping a card can often mean that you end up making many more purchases than you intended to. If you have cash in your purse and it runs out, then you know that you have reached your limit for a shopping trip!