4 Reasons You Should Pay with Cash Instead of Credit

[@PurePondering]

I have a bank account that has a "vault". I only put as much on the card as I have budgeted to spend. It's almost as good as cash budgeting.

[@mrssusanlight2023]

Here is a suggestion on saving money. My family was really hungry after church this last Sunday. And we also really needed to take a ride into town which is about 20 miles away to purchase a few items for the week. So we were tossing the idea of going out to lunch back and forth. But we're really trying to save money right now. So after church we quit granholm got some pretzels and chips and brought them in the car with us. We ate them on the way to the closest store. By the time we got to the store we weren't ravenously hungry and were able to make a few purchases we needed. By the time we got home about an hour and a half later we were ready to have our lunch. Which I have made in our Crock-Pot before we went to church in the morning. Just a suggestion but it saved my small family about $40 this past Sunday

[@UndertheMedian]

That's a great suggestion to get snacks to tide you over instead of eating out. Makes great sense.

[@intgoatbreeder]

Many time we'll go owntown and first pack ham, Swiss cheese n rye sandwiches & cans of ginger ale. We'll eat some of them and offer some to the homeless as well. Also, a tip for saving money-at restaurants, order free water with a slice of lemon. Never order a drink.

[@HappiCat007]

I could not agree more! !!!!! It’s way too easy to cheat even with a debit card just to easy to swipe !!!!

[@juliephelps7616]

Currently paying off credit card debt. Finally got husband on board too. He thinks I am trying to do it too fast. I however want it gone. No need to pay interest on things we have already either consumed, gifted to someone, or worn. I enjoy your videos. We started the frugal lifestyle a few years ago and have started our way on a debt free journey as well.

[@annehoyle3581]

I started using the envelope system after my husband passed away . I saved thousands of dollars in just three years on a very low income. I love the envelope system and it has helped me get through this pandemic! Re the squirrel eating wires...it's happened to me twice. I now put moth balls under the hood of my car and yes!!! It is expensive to have wires replaced?

[@UndertheMedian]

Anne, thanks for the moth balls tip. We are so ready to try what we need to so that it doesn't happen again. We are so paranoid now about leaving the car on the drive for any length of time.

[@ShopaHAULica]

I think the main psychological affect of using cash is when you pay with cash, you literally need to give something you own to the other person. So you see what you are giving up to get that item. Which makes that item more valuable and also which makes you think about it multiple times. Because psychologically, we don't want to part with our belongings and holding cash in your hand, creates that affect. With credit card, you don't experience it because you don't physically hand over something you own to the other person. You still keep the card in your hand:)

[@dynaplay2]

Regarding the mouse issue our mechanic put a small device on our car that stops mice from damaging the wiring. Before we saw evidence of mice and after this no more indication of any rodent presence

[@jc10907Sealy]

I had no idea the psychological disconnect between numbers in a bank and the swiping of plastic. I started saving cash and feeling that money in my hands and keeping it in my home (safely of course). Cash is so much more precious to me, it’s real and I guard it and I guard how I spend it. I certainly don’t make money keeping cash in the bank now with interest rates low like they are, so keeping cash at home is a way for me to add to my awareness and keep savings that are vital.

[@nadianawaz1596]

I have literally binged watched all your videos wishing the last two weeks! I would never live frugally but I just love you guys ❤️

[@UndertheMedian]

Thanks, Nadia! You don't have to agree with us to hang out with us. You are welcome here. (But, we hope you pick up some tips. LOL!)

[@jenniferrumbolt2965]

Nadia, I love this couple, they make you feel like you need to be more responsible for your money. I feel everything I buy has to have meaning and purpose

[@victorwadsworth821]

You would if you faced the other choice.

[@joywrenncreative]

I haven't done the envelope system in many years but I always felt the most in control of my spending when I was managing my money that way. You guys are great!

[@arlenedowdall2011]

These videos should be adapted and used in the school system . A follower from Canada , thank you !

[@KittyKat-vb1nd]

Then the debt slaves would break free of the system and they are not about to let that happen.. The system needs indebted wage serfs. All by design.

[@MsSusieStone]

@@KittyKat-vb1nd who are „they“? Nobody is forcing People to go into debt. Yes, Credit cards are highly advertised just as many products. People with low self-control who want to have things Right away instead of saving money to buy something outright are the problem. Brands want to sell their products but the person is still in charge if they buy it. You make it seem like people are passive which is just not true. You can always decide not to buy something if you don‘t have the money - but that can be hard sometimes. But people are not made slaves, they enslave themselves by going into debt (because they just don‘t have the Money Or an emergency fund). But it‘s easier to look for the fault in others instead of accepting that it is your choice 🤷🏼‍♀️

[@DebbyRushìng]

Thank you for everything.

[@stevegorkowski3246]

Another online option to save money that works great for me is buying new in an open box. I normally toss the box anyway. Sorry to hear about the Prius. They are well worth fixing them up. I am fixing some rust spots on mine.

[@heidiespinola2669]

I have used this for 30 years and it is the best system for me

[@KittyKat-vb1nd]

Speaks volumes that this is revolutionary to people.

[@ncfarmchick]

You all are so cute! Coming over on recommendation from the Tightwad Gazette Fan Club FB group fellow member. Enjoyed this video and checking out others. Thanks for the good advice and inspiration.

[@hopeware3511]

Hey, Dawn, thanks for stopping by and for your kind words!

[@diahill1945]

I don’t know what it’s like in America but in Australia a lot of stores have notices up saying they prefer cash less transactions to help stop the contact of Corona . I use a Visa debit card , this means I only use the money that is in my bank and it is really easy to track what I have spent it on .

[@UndertheMedian]

Same situation here in the States. Most do still take cash though. I think that here a lot of it was the fact that we had a coin shortage. So, the stores couldn't make change.

[@jadzia2098]

It's the same in Canada. At First, most places did not want to take cash, debit or credit cards.

[@vitasolano3272]

I love watching our videos. I want to budget carefully and efficiently - so love all the videos you do. Groceries is a huge thing.. online shopping is very tempting

[@maryd7896]

I'm so enjoying these videos! My husband and I are doing well, no debt except the home we're extra paying on, paying cash for my husband's college, and saving for retirement and my stepson's college, but we aren't as frugal as we could be! I'm enjoying learning more tips and tricks! :)

[@UndertheMedian]

We're so glad to have you with us, Mary!

[@selitaswipes8795]

Good morning! I have been watching Frugal Jo and you popped on my list. I am so glad you did! I enjoy the information from a Christian perspective. I am a late bloomer to frugality, but am taking small steps to improve.

[@UndertheMedian]

Selita! Were so happy to have you with us. Welcome to the family.

[@selitaswipes8795]

@@UndertheMedian Thank you!

[@janettemetzger7644]

For some reason when I have cash I tend to spend a little here and a little there and end up frittering it all away. So I have a rechargeable card where I have to transfer money from my bank account with the amount I have budgeted for the month. I don't like to use it for small purchases so I stick to my budget better.

[@goheen04]

Love love love! We pay for everything in cash!

[@MsLucky443]

For big purchases my spouse uses cash. He does a lot of you guys do.

[@kaitlinobrien243]

Love the grocery store Saturday morning date! ❤️

[@debbiefockler9890]

We do the same thing!

[@melissawright4040]

I use my debit card for groceries but I debate on getting things. Many times u will put something back because I don't want to spend that money. I order from thrive market and have gotten several things free. But I was ordering things that I need and then gir stuff free

[@samanthadudley6412]

What can you do if you want to try and get debt free and start saving money but your spouse is not on the same page as you and they think you are crazy because you have started doing things to save money like unplugging items not being used and other things like that?

[@GEAUXFRUGAL]

I do keep a measure of cash on hand because you never know when the next grid down situation will present itself. We have hurricane and soon to be seen on a macro scale , cyber attacks.

[@kerihatgirl8990]

My husband pays for just about everything with his credit card, that he gets cash back for. He pays the bill in full every month, he does not carry over a balance. He gets hundreds of dollars back every year. He pays the mortgage, utilities, insurance through online banking, he rarely writes a check. He mentally calculates what the must pay bills are each month, and he plans major purchases according. His FICO scores are all over 840, so he has been doing things well for him.

[@UndertheMedian]

It sounds like he has a good handle on credit. You'll notice in other comments and videos that we talk about the fact that although we strongly recommend not using credit (because for so many it gets out of hand and suddenly you are purchasing items which you have no way of paying for), we also recognize that there are pros and cons to the credit card conversation. For us, we choose not to use credit cards. Thanks for your comment.

[@aurorasanchez7922]

Yoir advice is very profesional and fun.

[@kingsfire7842]

People either have low self-control or poor money-management skills if they can't use a credit card properly. Building your credit is important, even if you purchase a house with cash most banks require a minimum credit rating, and good cards offer cash-back rewards which you'll never get if you pay for everything in cash (hence how I pay for Thanksgiving and Christmas). Avoid being late by setting auto-payments. I simply track by using my credit statement weekly and using an Excel spreadsheet. Easy.

[@barbchumbley9142]

With cash you pay "present ", with credit card you spend your future.

[@isabellechoquet8241]

I love the idea of having a cash enveloppe system. I just find it very hard to apply at the moment where I live in Canada. Many stores and services companies are now refusing to accept cash because of the pandemic. We can only pay by interact, credit or e-transfer.

[@ShopaHAULica]

I haven't had the courage to try the cash envelopes yet and especially now with less in-store shopping, more online shopping, it is even harder. However, I heard this tip from someone I know and hopefully it will help you too. Instead of cash envelopes, he created multiple accounts in his back account and use them as cash envelopes. Each time he spends money and buy with a credit card, he would go and transfer the money out of that account and sends it to the credit card(or you can have one main account and transfer it there and pay your credit card all together at the end of your cycle). It is not as powerful as using cash but it should still help:)

[@greeneyedredhead61]

You are so right about the but extra to just get free shipping. Wal-Mart offers free shipping when you buy 35.00 or more.... I stopped shopping in store cuz of impulse buying so I decided to shop at Wal-Mart .com. I would go on to buy 22.00 of dog food then need to add something for free shipping. Normally I would just add a bit more dog food to bump it up, right? Gunna use it anyway right? But then you use a credit card. OMG, that can get out of hand so fast and you end up spending more on interest than you would have on shipping. I paid it off fast as I could and now I go to the store but now, I have major goals and I'm sticking to them.

[@UndertheMedian]

I have faced the same problem, myself. I seem to be able to justify getting up to that magical "free shipping" amount. I will say that Walmart has gotten very high marks in my book for fast shipping. Items from Walmart arrive on (or before) time. Whereas Amazon seems to take forever these days.

[@greeneyedredhead61]

@@UndertheMedian I agree Wal-Mart shipping is quick but something I do not like is the way items are damaged when they arrive. I've had dishes arrive broken as well as packages broken apart or crushed. So for those reasons, I have stopped ordering.

[@UndertheMedian]

@@greeneyedredhead61 , wow! That's good to know. We hadn't had that experience. But, we haven't ordered from them a lot, either.

[@coettahannah8110]

Rodents get under there for the heat I think, then chew wires. I had a tree frog get under my dash s d the guy had to take the whole dash off n put it back to get to it. It never chewed any wires but a squirrel or mouse will. I know someone who had that problem . I enjoy All your video, good tips.

[@UndertheMedian]

We were surprised at how apparently common this problem is. The repair shop said that they see it all the time. We had no idea.

[@windygreco2492]

I don't own any credit cards I pay everything in cash been doing it for years.

[@impishmisfits6960]

HAHA The end was priceless ^_^

[@UndertheMedian]

Thanks. We have way too much fun together.

[@maxinedavieds8102]

I’m a cash cow. I enjoy paying with cash.

[@CoachTinaClaire]

Love your videos! Thnx for sharing.... I feel like Amazon is not really free shipping bc you end up paying $12.99/mth Prime. So to me, its actually not free... cause you pay a membership. And you have to spend a certain amount for the supposed "free shipping".

[@josmalig-on2907]

Amazon prime has no minimum for free shipping

[@intgoatbreeder]

There is also the movies and TV shows, awesome stuff!

[@SLOLiferealestate]

I've really enjoyed watching your videos and learned so much! I do use credit cards at this time, but I'm contemplating trying the envelope method. My question is, how to you order things online or pay local bills such as utilities or telephone that don't involve using a card or writing a check? You can't very well use an envelope full of cash to pay your phone bill that goes to a town 100 miles away. I'd love to know your method.

[@UndertheMedian]

We use a debit card for those things. The envelope system isn't practical for everything. What it will do is get you back on track in a hurry if you have been having trouble overspending in any area.

[@glennrenna2491]

Check the cost of shipping there is times that the item plus the shipping is less than $35 not often but it can't happen

[@UndertheMedian]

That is a really great tip.

[@traceydufault297]

When I was a teenager my parents made us budget our allowance this way my ? Isn't your debit card same as cash not credit card also I get paid x2 month how would I do that also most of bills are paid on line or by phone any suggestions 🤔 for me thanks hope and Larry

[@ld8503]

New subscribers here sending hugs 😀

[@UndertheMedian]

Welcome!

[@mariyagreen3140]

We pay with credit card for everything and pay it off every mounth , have o balance and have 1-3 % back. Do not use debit because we want credit card fraud protection. Never had credit card debt.

[@julessee]

You guys are too cute 🤣😁