Mighty Bargain Hunter is the latest host of the Carnival of Personal Finance, and he is presenting the submitted articles in Seussical form. As always, there are a number of interesting articles worth a read. Here are a few in addition to the Editor’s Picks.
Do We Spend More When We Swipe Plastic? Poorer Than You looks at the commonly-communicated statistic that spenders spend more when they spend on credit. If I had to get cash for every transaction, I’d be horribly inconvenienced by ATMs or I’d be carrying around an uncomfortable amount of cash.
Rent, Grow Rich, Be Free. Millionaire Mommy Next Door moved into a rented apartment to accelerate savings.
My article on handling old credit card accounts was included as well.
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5:03 pm (reply)
Thanks, Flexo, for highlighting my post submission!
8:09 pm (reply)
I spend cash and am not “horribly inconvenienced by ATMs or I’d be carrying around an uncomfortable amount of cash”. I get cash once a week ($240-300 a week) and spend most of it that day running errands and spending most of it. I never over spend. When it’s gone. I’m done. I have done this for 12 years and have never been robbed.
The best thing is giving. Case in point: a coworker’s son was very sick. Her husband was a contractor who worked out of town and had no paid time off. We took up money to pay their bills and I was able to chip in $100. No big deal, it was “left over” from the previous week. I did not have to look over my accounts. How fun is that!